Cosy cabins and
snow-glazed slopes: Austrian Alpine ski resorts to live and invest in
Many Austrian Alpine resorts open a new season as early as late October. Austria is one of the most popular tourist destinations among ski and snowboard aficionados: it offers them well over 300 locations to explore, and many local resorts are famous for their affordable ski pass prices and modern,
- Residential property at local Alpine resorts is half as expensive as in neighbouring Switzerland, and in France prices are a third higher;
- Between 2008 and 2015, prices in the Austrian property market grew by 41%, while in France, for instance, they decreased by 0.9%. Austrian residential property price growth was also favoured by extremely low interest rates, a low unemployment rate and an advanced economy (the Austrian market is notable for its stability and the absence of price hikes);
- Annual resort property rental yields in Austria run
at 4-6%,while in France and Switzerland they run at 2-4%;
- Many Austrian resorts are open for both winter and summer tourism, and on the Alpine glaciers the ski season lasts for almost the whole year.
The top Austrian ski resorts are located in the federal provinces of Tyrol (Tirol), Salzburg, Carinthia (Kärnten), Upper Austria (Oberösterreich) and Styria (Steiermark). This report includes not only the largest and most famous but also
The Austrian ski resorts most popular among foreign nationals are located in the federal province of Tyrol. For instance, in 2015, international guests spent over 45 million nights at local hotels and apartments.
St. Anton am Arlberg
St. Anton am Arlberg nearly tops the list in the Condé Nast Traveller Top European Ski Resorts ranking. It is also among the most "happening" European resorts, brimming with restaurants, bars and nightclubs in the village and its outskirts.
The steep slopes of St. Anton am Arlberg are more suitable for experienced skiers. The local "black" piste is especially popular: it starts at a height of over 2,000 m, descending to the very centre of the resort.
Alongside excellent slopes and parties, St. Anton am Arlberg offers innumerable amusements to fit every taste: tennis, squash, curling, bowling, sledding and paragliding.
Prime property prices in St. Anton am Arlberg run
Ischgl is known for its visitors who prefer
Most trails in Ischgl are located at a height of more than 2,000 m, which guarantees a consistent abundance of snow throughout the season. The resort is highly valued by snowboarders and lovers of freestyle, as it is home to one
Investors should take into account that Ischgl is primarily a winter resort: in summer, over 80% of the hotels close. The property prices in Ischgl run at around
Kitzbühel and Kirchberg in Tirol
Kitzbühel is arguably the most upscale and distinguished Austrian Alpine resort. It is one of the top twelve Alpine ski resorts, and the 2015 World Ski Awards winner.
Kitzbühel and the adjacent Kirchberg in Tirol have close to 180 km of trails. The famous Streif downhill ski race track is located there. The resort is bustling all year long: in winter, the Hahnenkamm ski race and the Snow Polo Championship are held there, while in summer Kitzbühel hosts a retro motor show and a jazz festival. In addition, there are designer boutiques,
Kitzbühel is one of the most expensive Austrian resorts. Homes cost from
well-knownand popular among tourists, the resorts of Tyrol are not the optimal investment option. Even apart from the high prices and extremely limited supply, the main market impediment for investors is the legal restrictions, according to which the acquisition of residential property by non-EUnationals with the subsequent registration of the property to an individual is practically impossible. Moreover, the Tyrol resorts focus on winter tourism, so in summer many resorts and villages close. All in all, two-seasonresorts prove a better investment choice.
Salzburg is the Austrian province that comes second after Tyrol in popularity among Alpine skiing aficionados. Here you can find
Zell am See-Kaprun
Property prices in the region are some of the highest in the province of Salzburg: they tend to range
There are almost no newly built properties in Zell am See, simply due to the lack of land: the town borders the lake on one side and Schmittenhöhe mountain on the other. The local property prices grow thanks to the high demand and limited supply.
You can buy tourist rental apartments
Saalbach-Hinterglemm, Leogang and Fieberbrunn
Fieberbrunn, another Tyrolean ski hotspot, has been connected to the resorts of Saalbach, Hinterglemm and Leogang through an integrated ski lift network; the whole region includes 270 km of trails, placing it among
Each town offers unique holiday opportunities. Saalbach is the most glamorous resort, replete with shops, bars and restaurants, and Hinterglemm is oriented towards family holidays. Leogang and Fieberbrunn are small and cosy localities for those who crave privacy and tranquility.
The region is just as vibrant in summer. Over 400 km of picturesque hiking routes and mountain bike tracks await adventurous visitors. There is also a rope park (Hochseilpark Saalbach), as well as an extreme sport park in Saalbach.
Property prices in the region run at around
The High Tauern national park
In the valley between Zell am See and Mayrhofen are numerous resorts, including Bramberg am Wildkogel, Hollersbach and Mittersill. One of the largest wildlife sanctuaries in Central Europe, the High Tauern national park (Nationalpark Hohe Tauern), is also located here. The area of the sanctuary is vast, stretching not only into the province of Salzburg but also into Carinthia and Tyrol.
Also, you can bathe in any of the dozens of lakes and outdoor pools, go rafting and fishing and see over 200 wild animal species.
Alpine skiers have access to 2,500 km of trails, including the ski areas of Kitzbühel and Zell am See. This region is a traditional holiday destination for citizens of the Netherlands and the UK. The park is neither
In this very region, foreign citizens have a unique opportunity to buy property with the cadastral designation of "second home" (Zweiwohnsitz) for own use and not necessarily for letting. You can buy a rental chalet with a residential area
Carinthia is the southernmost region of Austria. It is famous not only for its Alpine ski resorts but also for hundreds of warm and pure local lakes, clear rivers and healing thermal springs.
The Lake Ossiach area (Ossiacher See)
Lake Ossiach, the third largest in the province, is located in the very centre of Carinthia. The water in the lake is so pure that you can drink it. This region is the sunniest and warmest in Carinthia, and the lake water can get up to 25°С in summer. The local resorts also have
Lake Ossiach is located 500 m above sea level at the bottom of Mount Gerlitzen. The ski trails at the resorts near the lake are 42 km long.
You can buy residential complex apartments with
The small, quiet and cosy resort of Klippitztörl is perfect for family holidays. The town has a lot of schools teaching little children to ski and amusement parks for kids. The local trails have low elevation — between 1,400 and 1,800 m — therefore, most of them are graded as "blue".
An important investment advantage of Klippitztörl is that in Carinthia,
Prices for local property run
Upper Austria is an alluring destination for skiers and lovers of nature and ancient landmarks. There are innumerable museums, medieval castles, fortresses and palaces. However, the region is mostly famous for the Salzkammergut Lake District, a World Heritage Site.
The Lake Hallstatt area (Hallstätter See)
Lake Hallstatt (Hallstättersee) is among the five largest bodies of water in the Salzkammergut resort area. The ancient village of Hallstatt, resting on the lakeshore, is considered one of the most picturesque in Austria.
On the opposite shore of Lake Hallstatt is the Obertraun village with the Dachstein Cable Car which transports visitors to the Dachstein massif, including Hoher Dachstein. In the mountains, at a height of about 2,000 m, is one of the best Austrian viewing platforms, Five Fingers.
Alpine skiing aficionados who spend their holidays near Lake Hallstatt have access to the largest mountain skiing region of Upper Austria, which includes the Krippenstein and Dachstein West resorts. During the warm season in Hallstatt you can go hiking, ride a bicycle and play water sports. Prices for apartments in newly built residential complexes start at €300,000, while a detached house of 148 sq m costs nearly €495,000.
Styria is the second largest federal province of Austria, and it is called the "green heart" of the country. This region has not only lofty mountains and glaciers, but also a wealth of beautiful lakes, green forests, fields and vineyards, in other words, all the essentials for holidays and a comfortable life.
The region has over 1,000 km of hiking paths, nearly another 1,000 km of cycling and mountain bike tracks, scores of Nordic walking and running routes, a few golf courses and over a dozen
Apartments with terraces cost some
An Austrian Alpine resort property can make for a good holiday home or a solid
Julia Gushchina, Tranio.com
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