THE results of Knight Frank’s latest Prime Ski Property Index, published last month, show that demand for Alpine property is rising, strengthened by a more resilient Eurozone, low Euro mortgage rates and, from the British buyer’s perspective, the weaker Euro.
According to the statistics, in July 2015, a € 1 million property cost a Sterling buyer 11% less than it did a year previously—dropping from £791,000 to £702,000. However, some of these gains have been balanced by price increases in the top French resorts, with the long-term favourite among British skiers, Val d’Isère, registering the strongest annual price growth (see chart, below).
‘The length of Val d’Isère’s ski season explains its long-standing appeal, particularly among British buyers,’ says Mark Harvey, who heads up Knight Frank’s France desk (020–7861 5034).…