Swiss Chalet lose to French ones

Feb. 25, 2016

Swiss Chalet lose to French ones

 Luxury chalets on Swiss ski resorts are falling in price, while prices in neighboring France are growing steadily.

The largest drop is felt on the traditionally most popular ski resorts - Gstaad, Davos and St. Moritz. In the latter, for example, prices fell compared to the previous year by 7.2%. In Gstaad, fall is not so noticeable - 2%.

Market experts believe that one of the reasons for the fall was the strong position of the Swiss franc against euro, and as a result - higher interest of foreign investors in the French market.

In addition, a legislative initiative to reduce the number of seasonal housing to 20% in each municipality was supported by the majority of Swiss voters, which caused uncertainty among investors.

In this situation, the interest in the French resorts real estate has increased and as a consequence - the French chalet prices rose. For example, prices in Val d'Isere increased by 6%, in Meribel - by 4.5%.

Based on materials of thelocal.ch

PhotocrditeDepositphotos.com