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St. Anton tourist numbers up Winter (3%) & Summer (10%)

The St. Anton tourist office recently confirmed a 3% rise in last winter’s visitors year on year and a 10% rise in summer visitors in 2017.

This double digit growth is down to the Austrian’s success at marketing themselves more effectively as a year-round destination, in turn attracting a more diverse visitor base (the Millennials in particular).

With all the ongoing infrastructure investment and demand from a more international customer base, there is room for upward price movement: 8.2% in St. Anton according to UBS.

At Kristall Spaces, we have been conservative in our Mountain Spa Residences St Anton rental projections and do not include any summer rental income in the average 3.6% return calculated.

9 aug 7 key

We have just loaded new photos to our website from some of the unsold 2 and 3 double bedroom apartments.

Please see the link https://propertysaleaustria.co.uk/st-anton/st-anton-construction-news/

From these images, you can appreciate the 180 ͦ views from the apartments up and down the Rosanna valley: from the East and St Jakob, across the fields to the South and Rendl and finally to the West and the village.

The photos give a good sense of the position of Haus A and the unobstructed views over Haus B which is lower down the slope.  The photo below is taken from the old Haus A looking South West over Haus B towards Rendl (click to enlarge).

VIEW-TO-THE-SOUTH-TOWARDS-RENDL-FROM-2ND-FLOOR-HAUS-A-1024x657

We are on schedule for handover at the beginning of the ski season in December 2017 and there is some hope from the meteorologists’ predictions of a colder winter this year!

Time will tell.

Kühtai apartments get highest customer reviews: 9.6 Exceptional

We are delighted to report that the Kühtai 2020 Residences built and sold by Kristall Spaces and operated by our sister company All-Suite Resorts all-suite.com have received the highest customer review scores in Kühtai in only their first 7 months of operation.

Kühtai 2020 Residences have scored 9.6 and been classified as Exceptional. 

An impressive result considering that the aparthotel is still in its first year establishing itself in the market.  All the customer comments have been 100% verified by Booking.com as real customers and can be reviewed on this link

booking uk

A summary of the customer comments about the apartments is provided below:

  • The location of the apartments often scores 10 out of 10 (ski in and out, opposite ski shop and ski school and next to one of the best restaurants in the village)
  • Customers love the south-facing views and balconies
  • The quality of the interiors, the comfort and cosiness
  • Parquet floors and high-end finishes and equipment e.g. Miele kitchens, Hans Grohe bathrooms
  • Sound proofing and privacy – no noise from neighbours
  • Lift and free parking right outside

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Summary of customer comments about the operator All-Suite Resorts and its service:

  • The professionalism and friendliness of the All-Suite Resorts staff
  • Cleanliness of the apartments
  • The quality of the free WIFI service
  • Large sauna and steam bath running from 17h00 to 20h00

There are 5 apartments still available which have not been rented out and are in pristine condition waiting for new owners to occupy them.

Our sister company All-Suite Resorts is offering a guaranteed 4% net return for first 3 years and with the winter and summer visits to Kühtai growing each year and future lift expansions planned, buyers can be assured of a low-risk and hassle free investment.

Please don’t hesitate to contact us should you have an interest in one of our last 5 apartments.

Key facts about Kühtai 2020 Residences:

  • 5 apartments left for sale and ready to be occupied
  • Completed December 2016
  • Luxury apartments in Austria’s highest ski village
  • Ski-in, ski-out
  • On-site wellness: sauna, steam room and relaxation area
  • Managed rental service to cover running costs
  • Prices start at € 379,890.00
  • Guaranteed 4% net return for first 3 years

Der Standard (Wien): Buy to let property in Austria is a “win-win”

A good analysis of the current buy-to-let model in the Austrian Alps and how many British, Germans, Austrians, Dutch and Belgian buyers are investing in Tourism Residences in Austria encouraged by returns of 4 to 4.5% and freedom to use their apartment and sell it in a market offering price growth.  (Knight Frank says property prices grew 4.6% in Q1 in Austria and Immodex is reporting a 34% increase in prices since 2010).

It’s becoming increasingly difficult to buy Leisure Residences in dual season resorts in Tirol and the buy to let model favours investors in these locations (Oetz and Fieberbrunn receive 45% of all their visitors in Summer) as well as the local councils.

Der Standard - 27 Juni 2017

Der Standard – 27 Juni 2017

According to the author, it is crucial that apartment owners and the Gemeinde (council) have an operator in place for at least 5 years to ensure year-round visitor numbers continue to grow and support continual investment in infrastructure and amenities.

According to Statistik Austria, professionally rented apartments are also the fastest growing category of accommodation sought by tourists at 9.4% growth year on year.

The management of Kristall Spaces has launched its own operator All Suite Resorts all-suite.com to provide an end-to-end management and rental service for buyers of our apartments.

All Suite Resorts is planning to offer guaranteed returns across all its project locations going forward.

Please contact us today for more information.

News: soft Brexit & Austrian property price growth (4.6%)  

Europe woke up to a surprise this morning.

The UK Conservative Party failed to gain a bigger majority in the UK General Election meaning its position and authority is automatically weakened in its plans to negotiate a hard Brexit (where the UK gives up full access to the single market and takes control of its borders).

This election was basically a public referendum on how the UK conducts its negotiations with the EU and now a softer Brexit deal is more likely.

A soft Brexit is preferred by many ‘Remainers’ in the UK (remember that the referendum to leave the EU resulted in a very narrow margin of 52% leave to 48% remain).

It increases the likelihood that the UK will continue to access the single market without tariffs and will remove many doubts over London’s financial hub status.

The status of EU nationals moving across boarders will probably remain unchanged, although this has never been a factor preventing buyers outside the EU buying and owning property in Austria.

We have many buyers from countries outside the EU e.g. Australia, South Africa, Norway and the US.

Economically, the UK and Europe are looking at a period of greater economic stability compared to the disruption of a hard Brexit.  The Pound will benefit and so will those buying Austrian property in Sterling.

Meanwhile, Austrian property’s reputation as a safe-haven investment has further been enhanced as it continues to record growth of 4.6% in Q1 2017.  It outperformed France (2.9%) and Switzerland (2.4%), according to the Knight Frank Global House Price Index.

knight frank

Kristall Group launches All Suite Resorts to operate owner apartments 

Buyers of apartments from Kristall Spaces now have the option to engage the services of our sister company – All Suite Resorts  http://all-suite.com/ * who can manage the rental, marketing and servicing of your apartment.

allsuite_resorts_logo

This means you will have a fully integrated and seamless service from the moment you make the decision to purchase one of our apartments.

In early 2017, the management of Kristall Spaces (the real estate sales arm) and Kristall Group (on-the-ground holding company for construction and operations) made the decision to set up the new operator business, All Suite Resorts, to ensure an even higher standard of management and rental operation for our apartments.

We are already in the privileged position of advising apartment buyers as the developer and the sales agent and this has helped our teams to understand the intricacies of the customer journey more clearly.

Buyers prefer to deal direct with the developer and the in-house sales and marketing team –  as both internal teams work together to provide vital customer insight and feedback, enabling them to deliver a more flexible and individually tailored buying experience.

Through the team of multilingual professional advisors who handhold our EU and non-EU buyers through the research, buying and ownership process, we know that extending our proposition into management and rental provides even greater comfort and peace of mind to buyers and benefits all parties.

Investors feel more assured knowing that we (developer, agent and professional advisors) are involved with the resort and owners for 10 years after the handover of the property.

All Suite Resorts – our reputation is your peace of mind  

The Kristall Group has expanded its development arm very quickly over the last three years. Nobody builds and sells more ski apartments in Austria than us.

We are the industry leader with 8 ski resort apartment projects in planning or construction and 1,500 beds coming online in the next two years.

To meet the rise in customer demand for professionally managed rental apartments (currently growing at 9.4% per annum source STATISK AT), we aim to expand this to 5,000 beds in the next 5 to 7 years.

The management of All Suite Resorts is headed by an experienced and trained hotel specialist and a member of the largest hotelier family in the Ötztal.

In addition, All Suite Resorts has recruited a consultant from Michaela & Partner, http://www.michaeler-partner.com, the leading advisor to the hospitality industry in Austria and engaged one of Austria’s leading Marketing and Public Relations companies, P8 in Innsbruck, to create our new website, develop brand recognition and manage our PR in the German-speaking world. 

All Suite Resorts has also retained a Luxury Travel and Property PR & Marketing Agency in London to oversee non German-speaking promotional activity.

We are committed to building the most successful operator of modern luxury apartments in the Austrian Alps, providing an unrivalled level of service to rental customers whilst delivering peace of mind for our partner-owners.

*This is an interim website http://all-suite.com/ until  a fully integrated web / hotel booking system goes lives (currently in development).