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More Britons looking for keenly-priced Austria ski homes

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2015-11-17
International developer Kristall Spaces has started constructing two new apartment projects in Austria as a new report suggests ski property prices in the country are up to half the price of the Swiss and French Alps.
Strong demand from UK buyers, the international rental market and substantial investment in ski resort infrastructure is all helping to boost demand, says British-managed Kristall Spaces.

The value of Austria’s ski properties have triggered growing interest from savvy UK buyers, who find it difficult to buy a second home in Austria unless it is in a resort, according to the latest Alpine Property Market 2015/16 from top international agent, Savills.

Austria’s strong domestic economy and record low interest rates have resulted in a national house price growth of 41% since 2008 compared to falls of 0.9% in France over the same period, says the Spotlight Report.


Properties in Zell am See in Austria fetch prices of €5,000-€7,000 per square metre, whilst the average ski chalet in Switzerland costs €9,000-€10,000 and €10,000 in France.

Branson Atterbury, Marketing Director at Kristall Spaces, says, “We have seen a 22% increase in Brits looking for property in Austria this year driven by reasonable prices and the strong euro/pound exchange rate, which means buyers are now able to save up to £20,000 when purchasing a property priced at €400,000.”


The first of Kristall Spaces’ new projects in the Austrian Tirol is at Mountain Spa Residences, in St. 

Anton. The 28 furnished apartments are surrounded by alpine meadows and provide a ski-out location, near the Nassereinbahn ski lift. Prices start at €635,500 for a two-bedroom, two-bathroom apartment with a large balcony. Completion date is planned for the 2016/2017 ski season.

Owners have access to extensive leisure facilities including a 600square metre on-site spa with a sauna and massage rooms, a 12-metre indoor and a 12-metre outdoor swimming pool.  Other facilities include an on-site lounge bar and brasserie restaurant and underground parking.

The apartment comes with an on-site concierge and a fully managed rental programme from the experienced ski holiday specialist, MW Hotel & Resorts, is included.

The second development is 2020 Residences, at Kühtai. Prices at the 16 apartment development start at just €213,500 for a one-bedroom apartment, €275,000 for a two-bedroom apartment and €398,000 for a three bedroom apartment.

For the interior design customers can choose from various alpine themes or opt for a more bespoke finish from one of Austria’s leading hotel designers Köck & Bachler. Facilities include a sauna, steam and relaxation area. A fully managed and flexible rental programme is available.

Kühtai, Austria’s highest ski resort village at 2,020 metres was voted the best value for money ski destination in Europe by ADAC and is the winner of the SkipassIndex 2014. Innsbruck airport is just 35 minutes away. Completion date is autumn 2016.

For centuries, Kühtai was the preferred hunting estate of the Habsburgs and today Christian Count Stolberg (great-grandson of Emperor Franz Joseph I and Empress Elisabeth of Austria) runs the neighbouring Jagdschloss Hotel.


Over the last 15 years, €6billion has been spent to give Austrian resorts the most updated lift infrastructure and resort amenities in the industry, and to make facilities more luxurious.

Examples include eight-seater chairlifts with heated seats, snow machines on over 50% of Austrian pistes and some of the most innovative piste facilities ranging from night-skiing and fun parks to child-friendly themed slopes.

Kristall Spaces is the sales and marketing arm of VenturePlus AG, a leading British-managed property developer with a 20-year track record in Austria and a current pipeline of ski property developments in various stages worth in excess of €100million.

It is currently developing property for sale in Kühtai, St Anton, Ischgl, Hintertux, Sölden and the Oetztal and have additional projects in the pipeline to be announced.  Kristall Spaces has offices in London’s Notting Hill and Switzerland.

VenturePlus AG draws on its past experience of developing student accommodation in London, care-home and residential property in Austria, Germany, Ireland and the UK, and retail, office, hospitality and logistics projects in the Balkans.


source: http://www.opp.today/more-britons-looking-for-keenly-priced-austria-ski-homes/#yaq8DIzzxq3gvHuV.99