Saville’s, the London-based property services group, published its annual survey of the Alpine property market. It is an interesting read, and in tribute to the Economist’s Big Mac index publishes a Kakao index – how much is a hot chocolate.
On this index Gstaad, St Moritz and Saas-Fee rate amongst the ten most expensive resorts in the Alps, but perhaps more surprisingly is that Switzerland isn’t consistently the most expensive. Indeed, on a number of criteria, Switzerland is not so expensive, although it languishes a distant fourth in terms of number of ski visits amongst the Alpine nations. However, it also boasts the best resorts in terms of season duration and snow conditions.
The report focuses on premium ski resorts and the prices are truly eye-watering. However, what interests me as a potential investor in the Swiss property market, is the spread of prices. A small village, with good transport links to a major ski area, provides properties at a tenth of the price of property in a resort like Verbier. The discerning Swiss property buyer can still find bargains. For those who have money to burn, however, a chalet in Verbier recently came on the market for a mere 45 million euros!
The full report from Saville’s is here.