More tourists booked apartments in Tirol between November and March

7.1% more tourists booked their holiday in an apartment this Winter.

The number of tourists visiting Tirol increased by 7.6% between November and March.

Some other positive news: hotels are reporting strong bookings for the Summer season too.

76% of accommodation owners are satisfied with their Summer reservations.

Germany is still the number one country and the number of German tourists increased by 10.4% to 523,000 overnight stays.

There was a 7.1% increase in the number of bookings to stay in apartments versus hotels.

https://www.tt.com/artikel/30881185/24-4-millionen-naechtigungen-starkes-plus-fuer-den-tiroler-wintertourismus

Apartments for sale in Leutasch

Kristall Spaces and AlpenReal AG offer you the unique opportunity to purchase a 1 or 2 double bedroom apartment in the natural beauty of the Leutasch high plateau with a breathtaking view of the mountains.

Prices from €344.850 + acqusition fees + buyer’s fees to the agent of 3% of the gross sales price + VAT.

The apartments are zoned for tourism but the owner has the flexibility to manage the rental business on their own (via Airbnb) as there is no operator in place.

Of course, the owner can also book their stays in the apartment under this framework.

Alternatively, we can help you appoint a local operator to manage the rental for you.

If the apartment is fully rented then the owner could expect a return on investment (EBIT) of 4% per annum thanks to the 2-season location and the sustainable and low-consumption heat generation.

Projected start date May 2025 and completion no later than May 2026.

Please click here to download floor plans and contact us today to reserve your preferred apartment without obligation.

Please contact us today to register your interest.

Helene Atterbury, Property Consultant  +43 676 962 7712

Exact location:

Examples of 2 and 3 room apartments:

Top B03

2-room apartment | Orientation: South-East | Size 39.20 m² |

Quiet location | Sun all day long | Weather-protected loggia | Private garden

Living 22.52 m² | Bathroom 5.24 m² | Bedroom 11.44 m² = size 39.20 m² + terrace 10.57 m² + private garden 30.79 m²

Top B05

3-room apartment | Orientation: South-East | Size 70.55 m²

Quiet location | Sun all day long | Weather-protected loggia

Bedroom 10.50 m² | Bedroom 13.12 m² | Living room & diner 19.99 m² | Bathroom 4.37 m² | Bathroom 4.26 m² | Hallway & kitchen 18.30 m² = size 70.55 m² + loggia 12.05 m²

Leutasch and Seefeld: an unforgettable holiday experience www.seefeld.com/de/leutasch

The setting and atmosphere are relaxed and charming in contrast to its lively neighbour.  The Wetterstein and Karwendel mountains surround Leutasch’s fresco painted houses set among lush meadows on a sunny plateau, ideal for gentle hiking and biking along the flat valley floor.

There are 650km of marked walking trails for all levels including a boardwalk along the famous Leutaschklamm gorge with its waterfall and rumoured goblins and sprites!

In addition to the outstanding beauty of the setting for walks and all alpine sports, there is a rich cultural scene thanks to festivals and events all summer e.g. Seefeld Craft Fair, Strudelfest and Blumencorso, one of Europe’s biggest flower festivals.

The location is so inspiring that the Bavarian poet Ludwig Ganghofer wrote most of his work in his hunting lodge in Leutasch where he entertained Richard Strauss to Leo Slezak.

In winter, the terrain provides some of the most sought after conditions for skiers from all over the world.  Thanks to the surrounding mountains, the snow is protected from the warm Föhn wind from the South and from the icy cold from the North, leaving snowy clouds to approach from the West.

The downhill skiing in Leutasch www.seefeld.com/en/katzenkopf-leutasch is beginner and family-friendly with consistently good snow and a 3-man charilift and two drag lifts serving 5km of runs.  There are another 35km of runs in Seefeld for all levels with a further 282km in the immediate vicinity.

For many wintersports enthusiasts, however, the village of Leutasch is a byword for cross-country skiing and offers 245km of the finest cross country trails in the world.

https://www.blog.tirol/en/2017/01/8-reasons-why-you-should-try-cross-country-skiing/

https://www.tyrol.com/things-to-do/events/all-events/e-ganghoferlauf-leutasch

Seefeld: the perfect holiday destination for active people and connoisseurs www.seefeld.com/seefeld-in-tirol

On the one hand, the neighboring town of Seefeld is a popular holiday destination for active people who can use the breathtaking mountain landscape for skiing, cross-country skiing, hiking or mountain biking. On the other hand, Seefeld is also a place of relaxation and recreation, with elegant hotels, a train station, a casino and an 18-hole golf course.

The picturesque Alpine town on Tyrol’s high plateau combines charm and adventure.  Here you can enjoy the beauty of nature while taking on new challenges.

A profitable investment in a popular holiday destination

Leutasch / Seefeld is a popular holiday destination with over 1 million visitors per year.  The area is known for its breathtaking mountain landscape, diverse recreational opportunities and quality of life.

This new project offers an excellent opportunity for you to invest in a popular holiday destination. The apartments are perfect for renting and the prospect of a good return is high.

Why these Leutasch apartments are a sound investment:

  • High demand for holiday apartments in Leutasch
  • Rising hotel prices and falling inflation
  • Year-round travel destination with a wide range of leisure options
  • Already established tourism destination with a strong brand
  • Attractive returns for investors: 4% per annum (this is a forecast and not a guarantee)

Flexible financing options

To help you finance your investment in Leutasch, banks in Austria offer up to 50% of the purchase price as a mortgage over 15 to 25 years.

Alternatively, you can of course also take out financing in your home country if you get more attractive conditions there.

Our team will be happy to advise you on choosing the optimal form of financing for you.

Pure winter fun in Leutasch and Seefeld

Here are some of the highlights:

  • With 245 km of cross-country ski trails, one of the largest cross-country ski areas in Europe
  • 34 lifts and 40 km of slopes
  • 6,000 m³ snow storage for a snow-sure start to the season and 80% snow control thanks to the most modern snowmaking systems
  • Katzenkopf ski area in Leutasch with 1 chair lift, 1 drag lift and over 5 km of perfectly groomed slopes
  • Numerous natural toboggan runs
  • 142 km of maintained hiking trails
  • 35 km (7 routes) for snowshoeing
  • Ice skating and curling
  • 2 family-friendly swimming and adventure pools
  • Alpacas and petting zoo
  • Indoor tennis, squash and climbing halls
  • Cinema, libraries and museums
  • Horse-drawn carriage rides
  • International train station
  • Casino

Summer activities: a paradise for everyone

The region offers a wide range of activities to suit all interests and abilities, from hiking and cycling to climbing and golf, water sports and horse riding.

Here are some of the highlights:

  • 650 km of marked hiking trails, including the well-known Leutaschen ghost gorge
  • 61 mountain huts
  • Mountain hut in Leutasch
  • Par 72 18 hole championship golf course and another 9 hole course
  • 570 km of cycle paths through the beautiful Tyrolean mountain landscape
  • Climbing in the Leutasch climbing paradise, which offers over 1,000 routes
  • Indoor climbing in Innsbruck and Telfs
  • Swimming in the Leutasch and Seefeld adventure pools, in the outdoor pools or in the numerous lakes
  • Trail running, running and Nordic walking on varied routes
  • Tennis, yoga and other sports activities
  • Paragliding, white water rafting and kayaking
  • Football on well-maintained natural grass pitches
  • Horse riding in one of the three riding stables

Contact us today

If you are looking to buy a luxury apartment in Leutasch / Seefeld, please contact us today.

Helene Atterbury, Property Consultant  +43 676 962 7712

Media credits: Tourismusverband Seefeld www.seefeld.com | Daniel Zangerl www.danielzangerl.com | Defrancesco Photography www.defrancesco.at | All-Suite Resorts Österreich GmbH www.all-suite.com

Interest rates to fall from 4,5 to 2,15%

The ECB is expected to cut interest rates between June 2024 and Spring 2025 from 4,5 to 2,15%.

The intrest rates cuts are expected because inflation rates in the Euro area are currently moving towards the target of 2%.

Source article  https://immo-timeline.at/a/institute-ezb-wird-einlagenzins-bis-fruehjahr-2025-wohl-halbieren

Buy now before property prices rise in 2025

This is a good time to buy an Austrian property before property prices are expected to rise next year in 2025.

The Austrian Chamber of Commerie (WKÖ) predicts that prices will have to rise as there will be a shortage of supply.

Here is a link to the original article https://immo-timeline.at/a/keine-entspannung-an-der-preisfront-fuer-frei-finanzierte-neubauwohnungen

And below you can read an English translation.

Keine Entspannung an der Preisfront für frei finanzierte Neubauwohnungen _ ImmoFokus Timeline en

14 Oct 23 Rising hotel rates and falling inflation: good news for apartment owners 

According to Hotel Monitor 2024 Powered by Amex GBT Consulting, hotel room rates in Europe are projected to increase by double-digit percentages in 2024 providing a welcome boost for serviced apartment owners.

The report forecasts specific rate increases in key European destinations:

  • Munich +7.2%
  • Amsterdam +10.8%
  • Brussels +6.2%
  • Dublin +10.0%
  • London +9.1%

Real estate traditionally acts as a hedge during periods of high inflation as the real estate asset holds its value and rental income can be indexed with inflation.

As costs rise for hotels or serviced apartments, the operator passes on the costs to paying tourists in the form of higher overnight rates creating an inflation-proof model.

Another important factor in the higher prices is the surge in post-pandemic travel thanks to pent-up demand.  According to Tirol Werbung, in the months from May to the end of September, guest arrivals in Tyrol increased by 5.9 percent to 5.7 million, and overnight stays increased by 1.6 percent to 20.5 million.

This coupled with the imbalance between supply and demand for hotel rooms (developers have not been building enough rooms in the last two years) is pushing up the prices on a global scale.

Keith Barr, CEO of IHG Hotels and Resorts, offers his perspective: “We had robust supply growth over an extended period of time, which did keep rates down. It’s just going to support pricing being where it should have been over time, which is great for this industry.”

In Austria, we are also achieving higher rates on our 2024 bookings.

A professional serviced apartment operator like All-Suite Resorts https://www.all-suite.com/ uses yield marketing software by https://hotelpartner-ym.com/ to adjust its overnight rates every 4 minutes to get the highest yield for apartment owners.

As an example, All-Suite Resorts monitors market data and keeps overnight prices high for key Winter season weeks in the knowledge that supply for rooms in a given location will start to fall and prices rise accordingly.

In other words, they achieve a higher price by not selling out too quickly.

Meanwhile, inflation in the Eurozone after peaking at 10.6% has been on the decline over the past year.

In Germany, the annual inflation rate plunged to 4.3% in September from 6.4% in August.

“This likely is the beginning of an accelerated decline” in eurozone inflation, said Claus Vistesen, the chief Eurozone economist at Pantheon Macroeconomics.

So, in summary, it’s a good time to invest in Tirol thanks to falling inflation and rising overnight prices – plus the shortage of hotel rooms thanks to low levels of development in the last 48 months.

Here some other important benefits to consider:

  • Before the pandemic, serviced apartments were the fastest growing accommodation category in Austria with an 18% increase in bookings in Winter 2018 (source: Urlaub in Ferienwohnungen boomt https://tirol.orf.at/news/stories/2904521/)
  • Serviced apartments outperformed hotels during a pandemic thanks to well-spaced, self-contained apartments where tourists can arrive in their own car, have the flexibility to cook and avoid communal areas
  • Tirol is one the least densely populated areas in Europe with 59 people per square kilometre versus Germany 232, Netherlands 521, England (UK) 424, Belgium 376, Czech Republic 135
  • The Summer tourism business is growing fast even in high altitude resorts
  • Tourists are lowering their CO2 footprint and choosing closer destinations
  • For the apartment owner, there is capital growth in the mid-term
  • WFH: more families are spending time in the mountains and skiing when the weather is perfect and working back in the apartment when necessary
  • Lifestyle investment: owners can earn up to 4% per annum but also have healthy holidays with family and friends.

Please Contact us today to find out more about our inflation-proof property investments.

The Telegraph: “Why we should all be more Austrian about autumn”.

In the Tyrol, September is about embracing the last of the long days and drinking good wine

Autumn might be fast approaching, but that doesn’t mean it’s time to batten down the hatches and head indoors just yet – particularly not if you opt for a short break in Austria, where at this time of year everyone is up in the mountains hiking, mountain biking and, of course, foraging.

And there are myriad reasons to do just that. Austria does autumn colour extremely well (it’s not all pine forests in the Alps), and there are nuts, berries, herbs and, most prized of all at this time of year, mushrooms.

PDF 230919 Why Tyrol is the best Austrian state to visit this autumn

Tyrol in Austria is home to stunning natural landscapes that are well worth a visit, particularly in autumn CREDIT: Alamy Stock Photo

https://www.telegraph.co.uk/travel/destinations/europe/austria/why-tyrol-is-the-best-austrian-state-to-visit-this-autumn/

Easter site visits in Austrian Alps

Lots of snow will be falling in the Austrian Alps in the next 10 days so if you are skiing then why not get in contact to see some of our projects and completed apartments?

If you are a non-EU citizen then we can still help you to buy and get finance.  Here is a summary of our properties:

SKI-IN & OUT LOCATIONS

Kühtai: Austria’s highest ski village (2,020m). Prices start at 248,000EUR + 3% buyers’ fees for a studio apartment with stunning South-facing views. These apartments have been completed. Projected immediate return between 3.6% and 4.1%.

Kirchberg / Kitzbühel: ski-in is often possible within 150m of apartments. 2 top restaurants operated by Simon Taxacher, one of the best chefs in Austria. Prices from 329.000€.  Attractive return prospects: 3.7% to 4.9% (from the 3rd year of operation).

Hinterstoder: prices from €376.784. Non-EU nationals can buy as a natural person here.  Approximately 4% total capital return per annum rising to 7,5% over 20 years due to revenue based return model.

OTHER COMPLETED APARTMENTS

Galtür / Ischgl: 4 apartments left (two 2-bed and two 3-bed).  Average 4% return over 10 years.  Click for an example of a 3D tour

St Anton: 3 resale apartments from 799,000 with the option to handle the rental business yourself.

Ötztal: 1 apartment for resale for 559,000EUR (apartment and storage in basement) + 30,000EUR for 1 underground parking space Net. Buyer fees 3% of the gross sales price.

Off-market hotels: we have a growing portfolio of hotels which are for resale ranging in price from 1m to 20m. All enquiries are handled very discreetly.

COMING SOON

If you are interested in Seefeld / Leutasch and Berwang then contact us and we can share some information on apartments in these locations.

Helene Atterbury – Property Consultant +43 676 962 7712

[email protected] 

20 December: site visits of our apartments this Winter

If you are travelling to Tirol this Winter season, then please get in contact so we can arrange a site visit of our finished apartments or future project locations.

Site visits are normally easier to arrange between 1000 and 1600 when apartments are being cleaned for new guests.

Otherwise, we can usually arrange access to the apartments during the week when the guests are skiing between 1000 and 1200 or 1400 and 1600.

Property for sale in Fieberbrunn – 4 unsold, completed apartments and we are offering a 3% fixed return in first year.

Property for sale in Ischgl – 5 unsold, completed apartments.  Spectacular views.   Outdoor panorama pool, spa and restaurant onsite.

Property for sale in St Anton – 2 completed apartments for resale.  Award-winning ski-out apartments.   Some of the best views in the valley.

Property for sale in Zell am See – 1 completed apartment for resale. In the centre of Zell am See. 150 metres to the City Express gondola.

Ötztal – 1 apartment for resale. Dual season apartments with 2 swimming pools. 100 metres to the ski lift.   25 minutes from Innsbruck airport.

We look forward to hearing from you over the Holidays!

Demand for holiday hotels in Alps unbroken

English summary of an article on the hotel and serviced apartments buiness in Austria.

https://www.tourismuspresse.at/presseaussendung/TPT_20220913_TPT0001/investoren-setzen-weiter-auf-berghotels

 Vienna (OTS) – The demand for holiday hotels in the Alps is unbroken (Die Nachfrage nach Ferienhotels in den Alpen ist ungebrochen)

Many conversion and new construction projects are in the pipeline. At the same time, the industry is confronted with new challenges.

Despite difficult conditions (energy crisis, corona) and other adversities (high construction costs, rising interest rates), domestic hoteliers and hotel developers remain optimistic for 2023.

New concepts and developments are being planned and implemented.   Project developers expect only modest growth for urban areas, which is why they are increasingly looking for favourable opportunities in the Alps.

Experts from the Prodinger company, who look after around 500 hotel businesses in the areas of tax advice, tourism advice and business advice, can confirm that the holiday hotel industry is doing relatively well despite the difficult starting position before the 2022/23 winter season.

However, businesses in top locations that are suitable for new developments are few and far between in the leading holiday regions.  Building permits and ongoing changes make new construction projects difficult.  The space efficiency suffers from high construction costs and a lack of employees.  Another challenge is the fact that financing and subsidies will be based on real estate efficiency in the future.  There will be a change in restaurants and food concepts in the holiday hotel industry. The good old 4-course half-board has an expiry date.  This makes new restaurants necessary.

In many classic holiday hotels, people are considering reducing the service and switching to serviced apartments. 

Investment and capital intensive

 A twenty-year comparison shows that hotels made large investments by the end of 2020.   Operating performance (GOP) lagged over the same period.  The new buildings and conversions, which continued during the Corona period, can be explained on the one hand by the investment bonus and on the other hand by the long project lead time.

Hotel revitalization

 A trend that is likely to intensify next year is the revitalization and reorientation of existing properties in the holiday hotel industry.

A good example of one of these concepts is the TRIFORÊT alpin.resort in Hinterstoder, which will open on December 1, 2023 and will be managed by the hotel operator arcona Hotels & Resorts. It is based on a 365-day concept.

The old stock comes from the Berghotel Hinterstoder from the 1960s.

Due to an investment backlog, this had reached the end of its product life cycle, so that a complete revitalization became unavoidable.

“Use instead of possession”

 There will be further exciting project developments in 2023 under the motto ” use instead of ownership “.   The well-known problem of leisure and second home ownership is leading to a boom in the temporary use of alpine real estate. ” The hospitality sector will play a bigger role here, “ says Thomas Reisenzahn, MD of the Prodinger consulting group.

New forms such as “Best Ager Hotels” for the young at heart in the third phase of life are also taking hold in holiday regions.  New forms associated with investment opportunities.

Alternative forms of accommodation such as tiny houses, glamping, tree houses or chalets will continue to gain in importance in 2023 and expand the tourist offer in holiday regions.

300m Euro fund in new asset class in DACH region: serviced apartments & aparthotels 

Article in summary: 

  • AIF AlpenReal fund is investing in serviced apartments and aparthotels in the DACH region where there are 15 to 20 well-known operators 
  • Serviced apartments & aparthotels is a fast-growing asset class and increasingly popular choice for tourists 
  • They also benefit from the current work-from-home trend 
  • Flexibility / self-catering options (your own kitchen), digitisation and fewer communal areas have all been important factors during the pandemic for this type of tourist accommodation
  • Whilst the hotel asset class has suffered during the pandemic, serviced apartments have continued to perform
  • Larger operators who previously focused on business/city hotels are entering the market e.g. Accor and Dorint
  • Tourists in the DACH region feel safer taking vacations closer to home
  • Working part-time whilst on a skiing or mountain-biking holiday with the family is also an attractive option
  • The fund offers an opportunity for customer portfolios to invest in local and sustainable projects
  • The target distribution yield is an average of 6% over 10 years 

Source: Fundview.de (Tim Habicht 08/06/2022)

https://www.fundview.de/posts/2022/06/2022-06-08-assetklasse-aparthotels-in-der-dach-region-aif-will-300-millionen-euro-assets-einsammeln.html