Prime residential properties across the major global ski resorts have remained in high demand, despite the impact of the economic uncertainty and barriers to international travel.
The average asking price across 46 top ski resorts rose by more than 20% since last year, and by more than 30% since 2020, according to a Savills report released on Wednesday.
Aspen, Colorado, was ranked the most expensive market with an average asking price of $3,593 per square foot ). It was closely followed by Vail, Colorado, where the average asking price of high-end residences reached $3,531 per square foot, according to Savills Ski Prime Index.
The two resorts retained their places from last year. French resorts, Verbier and Val d’Isère, tied in third place, and Swiss town St. Moritz completed the top five.
Verbier’s ranking climbed three places from 2021, as the region’s dual-season appeal and international schools are drawing a broad buyer base from other European countries. A lack of supply and an increase in remote working also contributed to price growth, Savills said.
Lack of stock is prevalent across all the prime ski reports, though Savills forecast “ that double-digit price growth is unlikely to continue into 2023, with growth more likely to plateau in certain locations,” Jeremy Rollason, head of Savills Ski, said in the report.
The ranking was based on analysis of properties with an asking price above €750,000 (US$751,541).
By: Fang Block I Mansion Global I November 9, 2022