Ski Property Report 2018-19
This year’s report takes the pulse of the Alpine property market, it provides the results of our 2018 Ski Property Index, it sets out how the resorts measure up in terms of investing in their infrastructure, it provides the latest ski market indicators on a resort-by-resort basis and explores the ten trends set to influence ski markets over the coming decade.
The Swiss resort of Villars leads the Knight Frank Ski Property Index, registering annual growth of 6% in the year to June 2018. Having invested strongly in its ski infrastructure and home to three international schools, demand has strengthened in Villars over the last year.
Aside from Villars and Verbier, price growth was weak across Swiss resorts as the strong Swiss Franc and strict property market regulations (Lex Weber) weakened demand.
The French resort of Val d’Isère generated more buyer enquiries than any other Alpine resort during the 2017-18 season. Val d’Isère (3%) overtook Chamonix (2.3%) this year as the top-performing French resort in prime price terms. At 1,850m, Val d’Isère is one of the highest resorts in the Alps and as a result benefits from a longer season length.
The French narrative is one of moderation, not one of the resorts saw prime prices dip over the 12-month period. Improving economic sentiment in 2017 and interest from a broader mix of buyers including Scandinavian and Benelux buyers helped lift sales volumes.
In Switzerland, in those resorts where the number of second homes exceeds the 20% cap per commune, hotel-style residences, now offer an alternative means for owners to acquire a property and rent it out when not in use, a trend that is growing in popularity.