Covid-19 and investing in property in Tirol

Following consultation with our partners and advisors who work across the construction and tourism sectors in Tirol, please find below the status of our operations in Austria.

CONSTRUCTION 

  • Government guidelines published today permit the reopening of construction sites under strict conditions and at the discretion of the construction companies  www.tt.com/artikel/30725737/einigung-baustellen-laufen-mit-strengen-schutzmassnahmen-weiter
  • Discussions are ongoing between the developer and our contractors with a view to reopening our building sites promptly
  • Unless business conditions deteriorate (supply chains), we anticipate no change to our handover schedule

All-Suite Resort Fieberbrunn – ready to pour concrete:

OPERATOR ACTIVITY 

  • Our operator business, All-Suite Resorts-Österreich GmbH, expects no impact on the 2020-21 Winter season
  • We anticipate a strong rebound for tourism in Tirol once the Covid-19 crisis abates in the Autumn
  • All-Suite Resorts is taking bookings for this Summer season: customers may cancel their bookings at no cost up to 24 hours before arrival
  • We predict that EU based tourists (Germany, Netherlands, Switzerland, Belgium, UK and Czech etc) will favour arrival by car or short-haul holiday destinations for the foreseeable future

PROPERTY SALES 

  • Although we have received fewer enquiries this month we have made 3 apartment reservations
  • We are confident site visits will resume in Tirol from May
  • The Kristall Spaces team is working remotely and progressing buyer transactions and conclusion of contracts with our lawyers
  • Our mortgage advisors continue to arrange finance with Austrian banks on behalf of buyers

Please keep safe and healthy and don’t hesitate to contact us at any time.  We look forward to updating you on progress in due course.

Contact: Branson Atterbury, Marketing Director on +44 20 3735 8790

Kristall Spaces voted Winner in Best Residential Development in Austria

5 September 2018: Kristall Spaces is delighted to announce that All-Suite Resort Ötztal has just been voted Winner in category of Best Residential Development in Austria at the International Property Awards 2018/19.

More information will follow at the Awards Ceremony in London on 25 October 2018 at the Royal Lancaster Hotel https://propertyawards.net/

 

Kristall Spaces wins Best Apartment in Europe

Kristall Spaces is delighted to receive the regional award for ‘Best Apartment in Europe’ for our Mountain Spa Residences, St Anton project.

Last night in London (12 December 2016) at the International Property Awards, it was confirmed we had achieved the highest score against 36 entrants from 15 countries for the Best Apartment category.

The international judging panel comprises industry experts from the world of real estate, interior design and architecture and is chaired by Lord Caithness.

On receiving the latest award, Branson Atterbury Marketing Director of Kristall Spaces commented: “Having already won ‘Best Apartment Austria’, we were obviously delighted to find out we had the top score from the judges in the whole of Europe. It’s a real testament to the expertise of our on-the-ground operations and management team.  It makes an important statement about our credentials.”

The Mountain Spa Residences St Anton is an upper luxury aparthotel comprising 28 fully-furnished ski-out apartments with an onsite bar, brasserie and a 600m² spa with two swimming pools.  Currently in construction, the completion date for the Mountain Spa Residences, St Anton is Autumn 2017.

award-pic

The International Property Awards are open to residential and commercial property professionals from around the globe.  They celebrate the highest levels of achievement by companies operating in all sectors of the property and real estate industry.  An International Property Award is a world-renowned mark of excellence.