Using six key metrics, we have compared the prime residential property market outlook for ten key Alpine resorts. These include the resort’s resilience to climate change, the openness to international buyers and the level of supply in each resort. With a lesser weighting, proximity to transport hubs and the national economic forecast are also included.

The level of supply is fundamental to a resort’s price growth. Current stock and future pipeline are also key barometers to a market’s performance alongside a resort’s openness to international buyers. Chamonix is an open market, with over 30 new developments under construction to satisfy the resort’s growing demand and lack of supply.

Andermatt is also a severely undersupplied market - of the 104 units currently being built, reportedly more than 90% have been purchased off-plan. Following the all-time-high sales volumes in 2022, the resort continues to develop into a fully integrated destination and exemption from the ‘Lex Koller rule’ has helped to attract international buyers.

Although Austria is forecast to experience comparatively strong future economic growth and strong domestic buyer demand from city escapers, the restrictions on international buyers skew Kitzbühel’s future price outlook to the downside.

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