Alpine Property Market

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.
Gstaad slopes
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.

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Montreux for Skiing and Snowboarding Holidays

Montreux on the shores of Lake Geneva is also in the heart of the Alps
Montreux is most famous for the Montreux Jazz festival, that takes place in the town every summer, or perhaps the fabulous climate or the beautiful walk from Vevey to Castle Chillon alongside Lake Geneva. For the winter sports enthusiasts, however, its location at the bottom of the Vaud Alps makes it a fabulous destination to use as a base for a holiday.

The town boasts a very good Christmas Market in December, when the best nearby slopes at Glacier 3000 have already been open for several weeks, but other resorts are also starting to open at this time nearby in the heart of Vaud and the Valais, including Verbier, Gstaad, Leysin, Les Diablerets and the resorts of Les Portes du Soleil – all roughly an hour away by rail or road. However all of the resorts of the Valais are reasonably accessible from Montreux. There is also a small ski resort just above Montreux at Caux and Rochers de Naye which can be reached by a funicular from Montreux, conveniently very close to the excellent youth hostel (which we use as our base for the Jazz Festival).

If you are planning to do a ski holiday in Switzerland and use rail to get about, Montreux is perfect. It is easy to get to by train or road from Geneva, itself served by an International Airport with a railway station actually inside the airport. Nearly all the great ski resorts in the region can be reached by train from Montreux, but also you can cut across to Lucerne and visit the resorts of the Bernese Oberland and Central Switzerland by taking the spectacular Golden Pass Line, a panorama train that operates between Montreux, Gstaad and the Bernese Oberland with onward connections to Lucerne.

More information on Montreux can be found at the Swiss Winter Sports web site.

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Where the Rich and Famous Ski

Patrick Thorne writes for InTheSnow (http://www.inthesnow.com/feature/skiing-tracks-rich-famous/) about some of the celebrities who ski.
St Moritz village from Corviglia
There are some interesting gems. Apparently Prince Charles took Princess Diana to learn to ski in Lichtenstein – presumably Malbun – to avoid the media expecting them at the Walserhof Hotel in Klosters, well known as a royal favourite. Prince Harry, it is claimed, prefers St Moritz, as does King Carl Gustav of Sweden. Charlie Chaplin was reputedly the first man to drive to St Moritz in the winter and Alfred Hitchcock kept a suite at the Palace Hotel for many years.
Gstaad Palace HotelSophia Loren, however, preferred Gstaad and the Gstaad Palace. David Niven was a near neighbour, choosing to winter in Chateau D’Oex.
I am not sure how many of the rich and famous actually ski at Davos during the World Economic Forum (21–24 January 2015), but you could do worse.
George Michael stayed at the Ferienart in Saas-Fee, Switzerland, 30 years ago to film the video for Last Christmas.

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The Best Three Star Hotels in the Swiss Alps

Last winter the Swiss newspaper, the Sonntags Zeitung, published a list of the best hotels in Switzerland. The full article is here, but I have listed what they consider the best three star hotels:

skier gets ready to hit the piste

1. (Last Year: 4) Alpine Lodge,Saanen-Gstaad BE
Tel 033 748 41 51,alpinelodge.ch
Doubleroom from 360 Fr.

2. (1) Waldhaus am See,St. Moritz GR
Tel 081 836 60 00, waldhaus-am-see.ch
Doubleroom from 310 Fr.

3. (3) Romantik Hotel Schönegg, Wengen BE
Tel 033 855 34 22, hotel-schoenegg.ch
Doubleroom from 380 Fr.

4. (2) Krone, La Punt GR
Tel 081 854 12 69, krone-la-punt.ch
Doubleroom 250 Fr.

5. (5) Misani, Celerina GR
Tel 081 839 89 89, hotelmisani.ch
Doubleroom from 230 Fr.

6. (6) Jungfrau, Wengernalp BE
Tel 033 855 16 22, wengernalp.ch
Doubleroom from 440 Fr.

7. (8) Hotel Kernen,Schönried-Gstaad BE
Tel 033 748 40 20, bruno-kernen.ch
Doubleroom from 320 Fr.

8. (-) Chesa Randolin,Sils Baselgia GR
Tel 081 830 83 83,randolins.ch
Doubleroom from 236 Fr.

9. (11) Eienwäldli, Engelberg OW
Tel 041 637 19 49,eienwaeldli.ch
Doubleroom from 280 Fr.

10. (-) La Couronne, Zermatt VS
Tel 027 966 23 00,hotel-couronne.ch
Doubleroom from 256 Fr.

11. (7) Sporthotel, Pontresina GR
Tel 081 838 94 00, sporthotel.ch
Doubleroom from 250 Fr.

12. (13) Bella Vista, Zermatt VS
Tel 027 966 28 10,bellavista-zermatt.ch
Doubleroom from 235 Fr.

13. (12) Parkhotel Schönegg, Grindelwald BE
Tel 033 854 18 18,parkhotelschoenegg.ch
Doubleroom from 340 Fr.

14. (16) Alphubel, Saas-Fee VS
Tel 027 958 63 63, hotelalphubel.ch
Doubleroom from 314 Fr.

15. (15) Chesa Grischuna, Klosters GR
Tel 081 422 22 22,chesagrischuna.ch
Doubleroom from 439 Fr.

16. (20) Alpenblick, Fiesch VS
Tel 027 970 16 60,hotelalpenblick.ch
Doubleroom from 150 Fr.

17. (9) Le Mont Paisible,Crans-Montana VS
Tel 027 480 21 61, montpaisible.ch
Doubleroom from 220 Fr.

18. (14) Romantik Hotel Muottas Muragl, Samedan GR
Tel 081 842 82 32,muottasmuragl.ch
Doubleroom from 240 Fr.

19. (18) Adler, Adelboden BE
Tel 033 673 41 41,adleradelboden.ch
Doubleroom from 308 Fr.

20. (19) Müller Mountain Lodge, Pontresina GR
Tel 081 839 30 00, hotel-mueller.ch
Doubleroom from 300 Fr.

21. (24) Meisser, Guarda GR
Tel 081 862 21 32, hotel-meisser.ch
Doubleroom from 230 Fr.

22. (17) Bodmi, Grindelwald BE
Tel 033 853 12 20, bodmi.ch
Doubleroom from 294 Fr.

23. (10) Homann,Samnaun-Ravaisch GR
Tel 081 861 91 91,hotel-homann.ch
Doubleroom from 290 Fr.

24. (21) Europe, Zinal VS
Tel 027 475 44 04, europezinal.ch
Doubleroom from 200 Fr.

25. (25) Alphorn, Gstaad BE
Tel 033 748 45 45,gstaad-alphorn.ch
Doubleroom from 252 Fr.

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