Switzerland’s St. Moritz ski resort experienced the fastest median home price increase during Q2 2021.
Swiss Ski Town Saw Fast and Large Median Home Price Increases in Q2 2021
Switzerland’s St. Moritz ski resort town outperformed world-class ski resorts in the French Alps for the very first time, according to Knight Frank.
The annual median home price growth in St. Moritz came in at +16.6% y/y during Q2 2021.
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Overall Market Strength Across All Swiss Ski Towns Notable in Q2 2021
Take a look at median resale prices among five Swiss ski towns, according to Knight Frank:
- Moritz – +16.6%
- Klosters -+14.4%
- Davos – +13.4%
- Verbier -+10.2%
- Leysin – +7%
Knight Frank credited Switzerland’s handling of the COVID pandemic for these annual median home price increases.
Kate Everett-Allen, head of international residential research with Knight Frank, said, “This year has been an anomaly. We don’t expect this frenetic pace in Swiss resorts to continue. Supply constraints will ease as the COVID-19 landscaped starts to normalize.”
Ski Towns in France Show Only Nominal Annual Median Home Price Acceleration in Q2 2021
Here are France’s best performing ski towns in terms of annual median home price acceleration during Q2 2021, according to Knight Frank:
- Chamoniz – +6.1%
- Megeve – +4.7%
- Courchevel – +1.7%
Chamonix and Megeve were the beneficiaries of being near the cities of Milan, Turin and Geneva, according to Knight Frank. Roddy Aris, head of sales for Knight Frank in the French Alps, said, “Mid-altitude resorts offering a viable base of year-round with a mix of activities are appealing to a broader range of buyers.”
Courchevel’s daily rental rates commanded the highest daily rental rates among French ski towns.
Thanks to Knight Frank and MansionGlobal.