The cost of luxury houses in the ski resorts of Europe begins to grow. Recent data suggest that a prolonged drop in prices of 9,1%, which began in 2008 due to financial crisis, is over. Over the last three months property prices has risen by 1,5%, according to the agency Knight Frank.
Property index was stable at many resorts in 2010, or increased slightly due to limited supply. For example, inFrance, from March to June 2012 constant prices were at the following locations: Courchevel, Chamonix-Mont-Blanc, Megève, Meribel and Val d'Isere. A similar situation occurred in Cortina d'Ampezzo inItaly.
The exception wasSwitzerland, where prices have started to rise as early as 2011. Luxury accommodation inZermattincreased in price over the year by 18%. Prices in Gstaad from June 2011 to June 2012 rose 13,2%, 8,8% - in Verbier and 5,6% - in Davos.
In the French Alps in 2012, weakening of the euro has not affected the price and volume of sales. Most often, buyers are British, French, Ukrainian and Swiss citizens.
Real estate agency Knight Frank said that in the near future many investors will not rush into buying housing in the ski resorts, especially inSwitzerland, where in January 2013 will change the property tax.