Record snow helps ski property market

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As with any other investment market, property is open to the influences of many different outside forces and factors, each of which can have positive or negative effects on trading.

This year’s record snowfall across the Alps is a perfect example of this and is currently ensuring that visitor numbers and hotel bookings are up on last year.

The cold weather that has affected much of Europe during the 2012/2013 winter season has brought with it drawbacks for many aspects of day-to-day life on the mainland, but when it comes to the winter leisure market an increase in snowfall is usually accompanied by a corresponding increase in activity for the ski property market.

Figures for 2012 had already seen sales rising by 30% over 2011 with 72% of resorts in Austria, France and Switzerland recording sales prices that were either up or at least maintaining stability with those of the previous year.

Now the recent high level of new snow has increased interest from potential buyers with viewings this year already up by one-third from the same time in 2012 and the latter part of February expected to be even busier.

It is a mixed market for sellers though, with new build properties able to command a higher sales price than existing ones, sometimes by as much as 20% difference between them.

This is partly down to the ‘wear and tear’ that rental lets more than a decade old can suffer from and the more contemporary styles and interior designs offered by newer units.

As the recent weakening of the Pound against the Euro seems to be continuing, there are some concerns that British buyers may be unable to compete. However, the borrowing rates in Switzerland remain the lowest in Europe at the present time.

Financial transactions within the Eurozone from the UK are still subject to fluctuating exchange rates so for the best way to send money abroad, always using a specialist currency company.

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Record snow helps ski property market

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