There are many factors that influence price growth. A resort’s supply of property, openness to international buyers, proximity to transport hubs, and the national economic forecast are factors, as is its resilience to climate change.

The top four resorts by future growth potential are all characterised by undersupply, with pent-up demand having depleted existing stock. In Chamonix, more than 50 apartments are under construction, but with planning restrictions and a limited land bank, future price growth seems inevitable.

Future growth potential will increasingly be viewed through the lens of climate change. Those resorts with high altitude, reliably low temperatures and snowfall, such as Saas-Fee and Verbier, will be well positioned for growth in the years to come.

Regardless of international travel restrictions, foreign buyers are still keen to purchase ski resort properties and have been quick to return to the property market as restrictions have lifted. The degree to which a resort is open to international buyers is fundamental in diversifying demand. Strong German demand for Austrian resorts such as Kitzbühel are set to trigger future growth for the region.

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