Swiss Resort St Moritz Records Strongest Property Price Growth In 2021
Knight Frank’s annual Ski Property Report reveals that Swiss resort, St Moritz recorded strongest price growth in 2021 with property prices increasing by 17% according to the firm’s Ski Property Index. A shortage of stock and strong demand has had an inevitable impact on pricing. In June 2020, 90 ski homes were available to buy in the resort, a year later there were close to 20. Swiss resorts lead the Ski Property Index for the first time in three years, as well as stock shortages and strong domestic demand; the pandemic also shone a spotlight on the advantage of Swiss Independence. The country’s ability to set its own travel rules, its decision to reopen its ski resorts in December 2020 (the only European country to do so), and its overall response to the pandemic has bolstered its appeal. Roddy Aris, Knight Frank’s head of sales in the French Alps said: “Mid-altitude resorts offering a viable base all year-round with a mix of activities are appealing to a broader range of buyers. France’s most expensive resort, Courchevel 1850, also had a busier year than normal. It’s arguably ‘the’ safe haven market in the French Alps, buyers know they’re getting a foothold in one of the most desirable ski resorts in the world, plus it delivers on service and amenities, the challenge is finding stock.” As the world looks towards Cop 26, ski home purchasers are also thinking carefully about what steps they can take to reduce their carbon footprint. From Knight Frank’s Global Buyer Survey, of the respondents who said they were more likely to buy a ski home, 90% said the energy efficiency of a home would be ‘important’ or ‘very important’ to them.
Tags : INTERNATIONAL Knight Frank Energy efficiency St Moritz Ski Property Index Global Buyer Survey Swiss Resort