Buyers now adopt a 5 to 10-year view when purchasing a ski home and increasingly place great value on the liquidity of their asset.
Tagged – ‘Ski Property’
Most buyers will know from the outset whether they want to purchase a ski home in France (due to the short drive times or the new-build VAT incentive), or Switzerland (due to the privacy and lifestyle it affords), but the next decision is which ski resort best suits their needs.
Our Alpine Property Index is now in its sixth year and tracks the performance of luxury ski homes across 15 major resorts in the French and Swiss Alps.
The French and Swiss Alps now present buyers, both lifestyle purchasers and investors alike, with an interesting scenario, one that differs significantly from three years ago.
Most buyers arriving in the Alps have a basic knowledge of the region having holidayed there for several years.
Demand for Alpine property is rising, spurred on by a more resilient Eurozone, greater clarity over tax and the second home cap in Switzerland, as well as a weaker euro.
As summer fades here in the UK and attention inevitably turns to booking our annual ‘powder pilgrimage’, we are releasing our annual Prime Ski Property Index.
Ski homes are increasingly in demand amongst wealthy investors, who are competing for an asset which is in relatively limited supply, has lifestyle advantages and the potential for long-term capital growth, according to new research.
The Swiss Insight report released this week examines current prime market conditions in Switzerland’s key cities of Geneva, Zurich and Lugano.
Restrictions already apply to foreign nationals buying residential property in Switzerland and, following a recent vote, further restrictions will take effect from January 2013, making it even more difficult to buy a second home in the country popular for its ski and lakeside resorts.