Following a rather dormant trend, it seems that mountain chalets have come back on the scene, with particular evidence noted in Switzerland and France.
The first and foremost reason for this rekindling or admiration toward mountain chalets is the sign of a gradual economic upturn in Europe. Consequently, investors are less apprehensive and gradually getting back in the game. These luxury properties represent secure and profitable investments, destined to increase in value.
The average price for a luxury property in noted skiing areas has managed to prevail the crisis, and prices are now beginning to increase, with the exception of the Italian Alps. This area is less appealing to foreign investors due to the less stable economic situation of the country and the difficulty to access to credit. In fact, the cost of a luxury mountain property per square meter in France and Switzerland is double the price, while in Italy it remains below 10 thousand euro.
The average cost for a high-end property in Switzerland, in Davos and Zermatt, is 16 thousand euro per square meter. This price is particularly high, however it is justified by the beauty of the landscape, the exclusive services and the well-equipped skiing structures.
France also has positive prospects, even if the prices are slightly lower. The cost of a prestigious property in Chamonix and the surrounding area, comes to around 10 thousand euro. This is one of the most well-known towns in the French Alps, along with Morzine, which is situated close by. These two spots registered the only significant increase in prices in the country: +0.8% and +0.85%.
Further locations in France, such as the Alta Savoia have maintained their prices. Italy on the other hand, has seen a decrease in value, with variations close to -9% in locations such as “Perla delle Dolomiti”, Cortina d’Ampezzo. Cortina remains the most expensive mountainous location in Italy, followed by Courmayeur and Madonna di Campiglio.