Property Focus
Four of the very best in Alpine resorts
Four Valleys, Switzerland
With 3 to 5 bedrooms, the Mer
de Glace apartments are built to
a high specification, combining
traditional old wood and stone
exteriors with the modern
comforts of a holiday home.
Exclusively available for purchase
by overseas buyers.
Price: From CHF975,000
Grimentz, Switzerland
A high quality development of
chalets and apartments in one
of Switzerland’s most charming
and up and coming ski resorts.
Price: From CHF799,000
Dolomites, Italy
Nestled within a pine
forest with stunning
mountain views the
33 studio, one and two
basket of the world’s leading currencies in recent bedroom apartments
months. Like gold, Switzerland is seen as a relative safe
in Merano are ready
for occupation, come
haven in these difficult times and this is reflected in the
fully furnished and
flight to its real estate as well as its currency. each has its own
The beautiful and traditional village of Grimentz
designated parking.
is a classic case-in-point. Prices here were relatively
Price: From €222,260
stable up until 2005. Prices have since risen by 12.5 per
cent annually and now stand at about CHF9,000/sqm
for chalets and CHF7,500/sqm for apartments. This
Three Valleys,
France
still represents excellent value for money compared
Le Chalet du Mont
to the more established Swiss resorts, and large new Vallon is located in the
infrastructure projects and the forthcoming doubling of
sought- after resort
of Les Menuires, at
the ski area are set to further bolster demand over the
1,850m of altitude with
next two or three years. 600km of pistes.
Price: From €195,475
Weathering the storm
In summary, Switzerland and Austria are both
well placed to weather the stormy effects of global
Computer generated image
recession. Both have benefited from a tight control
over construction and traditional risk-averse lending
Contact:
that has not exceeded 70-80 per cent loan-to-values.
Anna Stanbridge
Both locations currently present good opportunities for +44 (0) 20 7016 3740
investors who are looking for steady long-term growth
astanbridge@savills.com
in quality markets. n
savills global residential review 19
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