Your Chance to Invest in Premium Austrian Ski Property

The Austrian authorities are careful about granting permits to build ski property in their top resorts, and demand is high when there is an opportunity. But Kristall Spaces has achieved a rare coup by obtaining permits to build in several resorts, including Saalbach, Galtür/Ischgl and Kühtai.

New luxury apartments

These two and three bedroom luxury apartments are brand-new builds, and Kristall Spaces is offering them as excellent chances for investment, since the scarcity caused by planning restrictions ensures that capital growth is high. Our new units are always heavily subscribed even before we start building, and it’s unheard of for any to remain to be sold by the time the project is complete. There are few better investments — with the current exchange rate, even holding sterling is less attractive to UK investors.

Top properties in top Austrian resorts

The resorts earmarked for the new developments are among the most attractive in Austria, chosen for guaranteed long winter sports seasons, together with wonderful golf courses and great opportunities for walking and alpine sports in summer. We offer properties that are central with private parking, and many with ski-in, ski-out locations.

  • Kühtai — only 35 minutes from Innsbruck airport, we offer ski-in, ski-out apartments in this beautiful, high-altitude resort.
  • Galtür — quite apart from the family-friendly skiing in a beautiful, tranquil setting, it’s only 10 minutes on a free bus to the more glamorous Ischgl, from where you can ski over the border into Switzerland.
  • Saalbach — just an hour from Salzburg airport, our properties in Saalbach offer ski-in, ski-out in winter and excellent golf courses in summer, guaranteeing a 5-year rental return of 5%.

A great investment

Our properties in these resorts are built, designed and furnished to exacting standards, each with at least two bedrooms, a large bathroom and a balcony. Kristall Spaces makes all the arrangements through the best tour operators for year-round rental, and the facilities on offer ensure the apartments will be in high demand both summer and winter. And, as if the opportunities weren’t enough, you can even claim a VAT rebate on your property.

Kristall Spaces will soon be announcing new projects in other Austrian resorts. For now, though, you can check out more about our apartments, priced from €280,000 to €334,500, in Kühtai, Galtür/Ischgl and Saalbach.

The Top 5 Places to Eat in Saalbach Austria

It’s the slopes that make or break a skiing holiday, but you’re not going to be skiing all the time. A ski resort needs a range of other facilities, not least great places to eat.

The Saalbach-Hinterglemm has over fifty restaurants of various kinds. Most are excellent, but which are rated the best five in and around Saalbach?

Westernstadl Altachof

Westernstadl AltachofOn the mountain just out of Saalbach to the west, the Westernstadl Altachof is a country and western themed restaurant, but done with a style and humour that saves it from being tacky. The menu, mainly Austrian cuisine, is varied and well cooked, and the waitresses combine efficiency with charm and humour. The tables are well enough spaced to keep noise at a reasonable level, and an added bonus is that you can watch the horses in an adjoining stable while you eat.

Maisalm

MaisalmOn the mountain to the north of resort, the Maisalm has outdoor seating with warm sheepskin covers on the chairs, allowing you to enjoy the stunning vista of the surrounding mountains and valley. Offering a mixture of Austrian and Italian food, it has everything from cheese and cold cuts to pizza, strudels to stockpot, all served quickly by friendly staff in traditional dress. They also serve a local beer that’s highly recommended.

Panorama Alm

As its name suggests, this is up on the slopes with beautiful views out over the valley. The Panorama Alm is run by a local couple with an emphasis on being family friendly, and it offers a children’s play area and a garden containing a small lake, as well as a museum of local farming tools. You can sit out on a terrace to take advantage of the view, and both the food — Austrian cuisine — and the service are excellent.

Panorama Alm Saalbach

Schattberg Stube

Located at the top of the Schattberg lift, this is a cut above many lift-top restaurants. Offering table service, self-service and a bar area, its mainly Austrian food is excellent, and the restaurant gives all-round views of the Alpine scenery. Both service and value for money are good, whether you have a full meal, a snack or just a drink. Being easily accessible from the village, though, it’s very popular, so you need to arrive reasonably early for a table in the evening.

Schattberg Stube

La Trattoria

Austrian food is excellent, but if you feel the need for a change, La Trattoria is a great Italian restaurant in Saalbach village. It offer a wide range of Italian dishes, from pasta to steaks to pizza, as well as Italian wine. The service is fast and unflapped, and the restaurant has a friendly atmosphere. It’s often crowded in the evening, so it may be advisable to book in advance.

La Trattoria saalbach

Snow in Kühtai before lifts open 28 November​

As Kühtai gets ready for the opening of the season on Friday 28 November, there’s already a good covering of snow.

We took a few photos of the awe-inspiring aspects from the 2020 Kühtai​ apartments which are situated right in the middle of the resort.

Most of the sunbathed apartments will have views towards the South and the lifts around the Graf Ferdinandhaus hut on the slopes of the Zwölferkogel.

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2020 Kühtai​ apartments view towards the Zwölferkogel

And towards the South West which is essentially the view down the main road and across to the peaks in the distance.

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2020 Kühtai​ apartments South West view

You can keep an eye on the pistes and the snow as more of it falls thanks to http://www.bergfex.at/kuehtai/webcams/

Winter Arrives Early in Western Austria

romania-cars-burie_1574361iThe west of Austria woke on Thursday 23rd October to find that winter had arrived overnight, with torrential rain in low-lying areas, heavy snow higher up and disruption throughout Salzburg, Tirol, Vorarlberg, Upper Austria and Styria. Although the weather had been forecast, it seemed that few had prepared, and many motorists were caught with summer tyres still on their cars.

Flooding and avalanches

Both Salzburg and Upper Austria were hit by flooding, and the fire departments had their work cut out pumping out cellars, garages and underpasses.According to reports, 200 firefighters were deployed in Bad Ischgl alone, and 260 in Salzburg.

The mountains, of course, were hit by snowfall rather than rain, and many trees were brought down in Salzburg, Tirol and Voralberg, blocking mountain roads and passes and cutting off many communities. Snow was particularly heavy between 800 and 1100 metres, causing risks of avalanches, but it was also falling heavily at a lower level in Voralberg, particularly the Arlberg area, the Bregenz Forest, the Great Walsertal and Kleinwalsertal. Silvretta measured 80 cm of snowfall.

Road and rail chaos

snow1ap_2105069iMain roads were disrupted, too, including the Tauern motorway (A10) and the Faschinastrasse (L88). Quite apart from the snow itself, vehicles trying to get through with summer tyres became stuck, causing further blockages. The approaches to both the Tauern and Katschberg Tunnels were closed all morning before the jams could be cleared.

The railway line over the Arlberg in Tirol was blocked by fallen trees, and 300 metres of overhead lines were brought down between Bludenz and Landeck. The weather also caused power failures in Tirol, with up to 4300 homes without power at one stage.

 

A boost for winter sports

It wasn’t all gloom, though. In Styria, the snowfall brought the perfect start to the winter season in Ramsau am Dachstein and Schladming Planai. Many winter sports enthusiasts, including the Austrian biathlon and cross-country ski teams, took advantage of the thick virgin snow to start their training. By the time the season opened on the Planai on Saturday, a metre had been added to the snow.

Thursday morning was chaos in western Austria, but by the end of the day things were getting back to normal. With the Central Institute for Meteorology and Geodynamics (ZAMG) forecasting more settled weather to follow, Austria can make the transition to winter in a more ordered fashion.

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Austria and France: Which Has the Best Alpine Ski Resorts? Infographic

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So you want a European skiing holiday — which country is the best choice? Switzerland is expensive, while Italy’s winter sports industry is a little less developed than its Alpine neighbours. So we’re left with Austria (especially the Tirol) and France (especially Savoie). How do they compare?

Access from the airports

Starting with how easy it is to get to the resorts and comparing those accessed from Innsbruck and from Geneva, Austria scores an immediate advantage. None of the major Savoie resorts is less than a two-hour journey, with many nearly three hours. By contrast, the furthest from Innsbruck is Kitzbühel at an hour and 15 minutes, while Kühtai is a mere 35 minutes away.

Resort height & length of season

Savoie has the edge on height, with Val Thorens at 2300m the highest in either region, though in Austria Hochgurgl and Kühtai are almost as high. However, the Tirolean resorts generally have longer seasons, with Hintertux open all year round. In fact, skiing is possible at some even out of season. Sölden is officially closed during June, July and August, but the powder snow on the glacier is often good enough for skiing in July. Skiing under blue summer skies can be an amazing experience.

Glaciers & ski lifts

Austria and France each have eight resorts with ski lifts over 3000m. However, in only two of the French resorts (Les Deux Alpes and Tignes) do these take you onto a glacier, while all but one of the Austrian resorts have glaciers.

Snow Parks

The ski slopes aren’t the only draw of Alpine resorts. Visitors wishing to enjoy the fresh air and breathtaking scenery of the mountains have 83 snow parks to choose from in Austria, compared with only 50 in France. The top five voted snow parks in the world are all in North America, but these are followed by Mayrhofen and Nordpark, both in the Tirol, with the top 10 completed by parks in New Zealand, Italy and Switzerland. None of the French snow parks figure at all.

Olympic Sports

Most Winter Olympic sports are available in both countries, though France doesn’t offer either ski-jumping or curling. Austria in general has a far more illustrious history in the Winter Olympics, having won almost twice as many medals as France. Certainly, as far as ski teams are concerned, the Austrians’ main rivalry is with the Swiss — the French team isn’t considered a big threat.

Prices

In general, most things are cheaper in Austria than in France, from mobile phone rates to a Big Mac. This is certainly true for the price of beer, with the far superior Austrian beers, such as Stiegl and Starkenberger, costing half the price. They tend not to give you hangovers, either — as long as you stay off the schnapps.

Add to this that 73% of Austrians speak English, compared with only 39% of French, and it’s clear that, while France scores in one or two respects, Austria offers a far better experience overall. Whether you’re just looking for a the holiday of a lifetime or for ski property for sale in Austria, the Tirolean resorts like Sölden and Kühtai are clearly the best in the Alps.

Cross-Country Skiing in Austria

cross country Austria
It’s hardly surprising that most people who come to the Austrian Alps in winter head straight for the slopes with their skis or snowboard. Hurtling downhill is certainly the most thrilling and fulfilling of all winter sports, but those who like variety might want to try some of the other options on offer, such as cross-country (or Nordic) skiing.

Cross-country skiing is often overlooked, but it has a lot to commend it. A more measured discipline, it combines endurance training and sustained exposure to the clear mountain air with a chance to appreciate the stunning Alpine scenery at high levels. As an added bonus, you can ski across country even when there’s not enough snow for the slopes.

Cross-country trails can be accessed from most resorts, usually with transport available to and from the start and finish, if necessary. Here is a small selection.

Sölden

Sölden has five varied trails of between 1 and 7 km, two rated as easy and the others as intermediate. The routes across Alpine meadows and through picturesque hamlets give great views of the stunning Őtztal scenery. You’ll also find access easy to longer trails of up to 50 km.

St Anton

St Anton has been building up its cross-country network and now has over 40 km of local trails, with individual routes ranging between 1.5 and 22 km. Most are rated as easy, with the St Christoph and Verwall trails as intermediate. The resort also offers floodlit cross-country skiing on a 2 km route between dawn and 8.30 am.

Ischgl

Eight trails wind through the beautiful Tyrolean mountainscapes around Ischgl, ranging from 1 to 18 km and rising as high as 2036 metres. All abilities are catered for, with everything from easy routes to some that are much more demanding.

A_big_1tann_wi_106_langlaufenTirolZell am See

The mountains around Zell am See and Kaprun have 55 km of cross-country trails, some at high levels, catering for all abilities. A special offer here is the chance to ski the 6 km of the Tauern SPA Loipe at night, enjoying the snowscapes under starlight.

On all these routes, you can just turn up and ski them at your own time and pace, but most resorts will offer training courses in cross-country skiing. Some also offer taster sessions for the biathlon (skiing and shooting), whether you want to approach the discipline seriously or just enjoy being James Bond for the day.

You’ll want to spend most of your holiday on the slopes, of course. But perhaps it would be worth taking at least one day off to experience the pleasure of skiing across country.

Events in Kühtai This Winter

The highest ski resort in Austria (sometimes claimed to be the highest in the world), Kühtai has beautiful scenery, excellent slopes and a quiet, laid-back atmosphere that belies the fact its close proximity to Innsbruck.

Kühtai offers wonderful skiing and snowboarding all winter and spectacular mountain hiking in the summer. There are also special events to enjoy during the winter, both in Kühtai itself and in nearby villages.

SAAC Basic CampsSAAC Basic Camps

On the 6th and 7th December, the SAAC offers a free two-day avalanche camp offering advice and practice for skiers and snowboarders wanting to go off-piste. Enthusiasts over 14 can learn how to be safe on the slopes and enjoy a day on the mountain with expert trainers.

MARMOT Women’s Winter Camp

From the 15th to the 18th January, MARMOT runs a winter camp for women only. This event caters for anyone from complete beginners to experienced skiers wanting to expand their skills. Besides practice on the mountain with expert guides, the camp offers training on a range of safety issues, from avalanches to nutrition.

MARMOT Women's Winter Camp

Children's Snow-Festival austria kuhtaiChildren’s Snow-Festival

Just a few miles up the road from Kühtai, Hochoetz holds a snow-festival for children on the 6th February. The day will be packed with colourful carnival events, fun on the slopes and snow animation, to thrill children of all ages.

Guest Ski Competition with Snow-Festival

Even closer than Hochoetz, Ochsengarten offers guest ski competitions on both 27th February and 20th March. Each race starts at 2pm and is followed by an evening snow-festival, featuring the awards ceremony, live music and fireworks.

One to Watch For

In January and February this year, Channel 4’s celebrity ski show The Jump was filmed in the Innsbruck area, with several events held in Kühtai. It was announced last month that Channel 4 has commissioned a second series for this winter. Although no details have yet been given, there could well be a return to Kühtai, allowing visitors to watch celebrities compete and perhaps even meet them. Watch this space for more information.

Channel 4 The Jump

Why Should I Invest in Austrian Ski Property?

kristall-spaces-austrian-property-zell-am-see-1024x677Investment in Austrian ski property has never been such a great deal. With a strong winter and summer tourism industry, rental yields are high and reliable, and ski property averages a 4% per annum capital growth.

In addition to the annual 1% VAT rebate, recent changes in Austria’s coalition government, especially the appointment of Hans Jörg Schelling as finance minister, look set to favour property investment with tax breaks and other incentives.

Austrian banks have shown considerable interest in foreign investment in property over the past year, and now they’re regularly offering finance of up to 55% for such investments. Their position has been strengthened by last month’s cut in interest rates by the European Central Bank, along with an energetic stimulus programme.

Are there any disadvantages?

One law does appear to go against the trend and discourage investment in buy-to-let holiday apartments. This is a recent court ruling which specifies that an apartment can only be let as a holiday home if all other residents in the building give written agreement. If even one objects, you may not be able to let.

This law hasn’t been properly tested, but it does make random investment in holiday apartments risky. On the other hand, the risk doesn’t apply to purpose-built buy-to-let ski apartments, since all units in the building will be specifically sold with the purpose of holiday rental. The answer is simply to make sure you’re investing in the right kind of property.

As with all investments, it’s important to ensure you choose the right scheme. If you invest your money wisely, though, this offers one more route to benefit from the growing market of Austrian ski property.

Top 5 Events in Saalbach This Winter

As if the magnificent skiing weren’t a good enough reason to head for Saalbach’s slopes this winter, there are plenty of major events to enjoy. Here are just a few of them.

Snow Mobile

For a thrilling spectacle of speed over the snow, the Snow Mobile Grand Prix at Saalbach is a must-see event. Two dozen teams race for the championship title over an 850 metre track in front of a capacity crowd of 20,000, and there are concerts and outdoor parties when the races aren’t on.

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Rave on Snow

You can enjoy the excitement of the most sophisticated city nightclub out on Saalbach’s ski slopes. Rave on Snow is the biggest outdoor winter music festival anywhere, with seventy DJs playing electronica, house and rave music from some of the best music producers in the world. The party carries on all night.

rave on snow

Torch Run

There may be no Winter Olympics this year, but you can still welcome the New Year in classical style. The Torch Run is an iconic part of the Saalbach winter, and you can join the crowds just before midnight to watch the torch go past. A firework display welcomes the New Year as the run finishes.

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Ski World Cup

In February, the Ski World Cup comes to Saalbach. You can watch the world’s top skiers tackle the downhill and SuperG events, aiming to rack up points for the ultimate accolade of World Cup Champion. For the 21st and 22nd February, the eyes of the entire winter sports world will be on Saalbach.

SaalbachHinterglemmWinter72dpi_03

AMS Ski Championship

Skiing, snowboarding and cross-country all feature in the AMS Ski Championship in Saalbach for four days during the last week of March. The top professionals in each discipline will be competing for substantial prizes, and there’ll be spectacular opening ceremonies to enjoy, as well as live music. This is a great way to wrap up a season that’s packed with quality, even by Saalbach’s high standards.

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Tax Breaks and Financial Benefits of Investing in Austrian Ski Resorts

Tax-BreaksThe traditional target for property investment in Austria, Switzerland and Germany has always been student accommodation or buy-to-let residential units. High prices, high management costs and recent tax changes have made this market less attractive, and Austrian investors are showing interest in a different target — ski holiday properties.

In recent years, planning restrictions have created a backlog of building projects in ski resorts, with the result that those which are built attract high demand and strong capital growth. And, at the same time, foreign investment in Austria has never been easier.

So what has happened in Austria to create this boom?

  • Recent governmental changes promise financial stability. In particular, the new finance minister, Hans Jörg Schelling, is likely to favour policies such as tax breaks for investors.
  • The European Central Bank has recently reduced the headline rate of interest, keeping the Euro Libor low.
  • The government is offering a savings loophole with a 1% per annum VAT rebate.
  • A court recently ruled that Austrian property could be bought by an SPV owned by non-EU citizens, which opens up the possibility of a future flight to safety.
  • In the past year, Austrian banks have changed their stance and are showing considerable interest in financing foreign buyers.
  • Austria’s bank secrecy act is stronger than Switzerland’s, giving investors peace of mind.

In spite of this, the price in Val d’Isère, on the other hand, the bottom end of the market for a similar unit would be around €380,000, while most are over €800,000. Switzerland is even more expensive, with few 2-bedroom apartments in Zermatt below €500,000, and Davos even more expensive. Prices of Austrian ski properties are still remarkably low. A 2-bedroom apartment in Sölden, for instance, can currently be bought for as little as €334,995, and similar apartments in Ischgl go as low as €323,400. This rises to only a little over €600,000 for penthouse apartments.

Austrian resorts can match or exceed these for quality, and investors have a unique opportunity to snap up valuable property at such low prices. It won’t be long before everyone else wakes up to this and the prices rise, offering a substantial return on your investment.