The housing market has woken up to a hot new trend – ski properties. A new report has revealed that sales of skiing properties are bucking the general housing market trend, and in some ski resorts there are strong future growth potentials.
The higher Alpine resorts, and resorts where both summer and winter outdoor activities are most popular, are seeing the greatest demand from property buyers. According to the report from leading property agents Knight Frank there are also pockets of sales surges in some of the tradit0onally favoured ski resorts.
French ski resorts on the up
While prices are still up to 6% below the 2008 sales levels, in some resorts, such as Megeve in France, there has been a stronger-than-average property market recovery with a 4.3% growth in the year to June 2011.
It’s thought that the recovery of housing prices in the French Alps can be attributed to a number of reasons, including the fact that many French ski resorts are located at high altitude, which means they have had more reliable snowfall on average in recent years.
A raft of improvements at French resorts, including improved snow cannons and chairlifts, has also seen positive property sales increases.
Ski property hotspots
And while the traditional favourites of Courchevel, Megève and Val d'Isere continue to lead the sales market, there are pockets within these resorts that are well worth checking out if you’re thinking of buying a ski property. Top tips Courchevel 1850, Mont d'Arbois in Megève, and the Belvedere and Routes des Chalets/Le Reynard in Méribel.
If you have the budget, now might be the time to make an investment in a ski property of your own, or to rent out.