St Anton — Page 2

September 2019 update – all projects

September 26, 2019 By admin

There has been some snow in the Alps. There was half a metre on the glacier in Sölden earlier this month and the long-range forecasts are predicting another cold winter. Will we get 451cm in 15 days like last year in Fieberbrunn? Here is an update on our projects going into the Autumn.

Sölden – we have 2 projects for sale here: one project with 8 apartments left and rare zoning (can be a main or second residence or rental) completion December 2020 AND another project which we will complete end October 2019 – 2 apartments left and if you buy now you could have the keys for December and start to earn from the highest rental income weeks.

Ötztal – ready to occupy. Completed in July 2019. Dual season apartments with 2 swimming pools. 100 metres to the ski lift. Some of the best returns in Austria: the operator forecasts up to 8% return on capital invested when taking out a 60% mortgage or a guaranteed 4% return on net purchase price for first 5 years. 25 minutes from Innsbruck airport. 12 apartments left. Perfect time to become an owner in the run-up to the Winter season.

Fieberbrunn – 40% sold so still a good choice of apartments. 270km of pistes – will soon connect with Zell am See. High capital growth location. The operator forecasts up to 7% return on capital invested when taking out a 60% mortgage or a guaranteed 4% return on net purchase price for first 5 years. Highest snowfall in Tirol. Excellent off-piste skiing. Dual season: 47% of all visitors to Fieberbrunn come in summer (higher rental income). Completion December 2020. Construction resumes October 2019.

Ischgl – we have been taking non-binding reservations but now we will make formal reservations with all the contracts ready for customers to sign. Unique opportunity – no other apartments like these are available in Paznaun. 60% of the price of property in Iscghl centre whilst only 7 minutes on the free ski bus.

Other news:

Tourism numbers continue to grow in Austria after another record season last winter (+3.8% in arrivals)
More UK flights to Austria: Jet2 has announced Innsbruck as a new destination for this winter and added new flights from Birmingham, London Stansted and Manchester as well as additional flights to Salzburg from Birmingham, Leeds Bradford and Stansted during the February half-term
Brexit: there are no changes right now in how a UK citizen buys property in Tirol and even if the UK leaves without a deal on 31 October, it will take months for the laws to change in Austria if UK citizens are required to buy apartments using company
Merging the Pitztal and Sölden glaciers: as we await the final decision of the Umweltverträglichkeitsprüfung (UVP) in January 2020, surely every skier’s heart is beating that bit faster!
New € 60 million Silvretta Spa and swimming pool complex being built in Ischgl https://www.ischgl.com/en/More/Project-Silvretta-spa
Season opening dates:
- Sölden: 6 lifts already open on Rettenbach glacier / Obergurgl opens 14 November
- Ischgl opens 28 November
- Fieberbrunn opens 29 November
- St Anton opens 29 November
- Oetz opens 13 December / Kühtai opens 29 November
Our associate operating company, All-Suite Resorts, has appointed leading international hotel consultancy Linser Hospitality www.linserhospitality.com to work on standards and consistency for all All-Suite Resorts projects, starting with All-Suite Resorts Ötztal.

Contact us today or call on +44 20 3735 8790 to discuss any aspect of buying property in Austria.

Branson Atterbury, Marketing Director

Or why not read our FAQ on buying and owning Austrian property

Filed Under: All Suite Resorts, Austrian Property, Development News, Fieberbrunn, Galtür, Ischgl, Oetz, Rental & management, Sölden, St Anton

Record snowfall in Tyrol

February 14, 2019 By admin

Back in late January 2018, nobody thought that the Austrian snowfall of 100 cm in 48 hours could be topped but this year, the Avalanche Warning Service (Lawinenwarndienst Tirol) is talking about the best snow conditions since measurements began in 1937.

In some parts of Tyrol, where they usually expect 6 to 7 metres of snow each season, they already have 5 metres. Take Fieberbrunn for example at 962m where 451cm of fresh snow fell in 15 days.

While some of the press and social media are dramatising the wintry conditions and reporting a near state of emergency, hotel and restaurant owners and the ski lift companies underline the importance of these conditions: they grew up with snow like this, they can easily cope and it’s how it should be!

Current snow depth report in key Austrian resorts compared to mid-February last year:

St Anton
2018: 140 cm Valley / 415 cm Mountain
2019: 95 cm Valley / 345 cm Mountain

Hochoetz
2018: 40 cm Valley / 220 cm Mountain
2019: 290 cm Valley / 260 cm Mountain

Fieberbrunn
2018: 100cm Valley / 200 cm Mountain
2019: 110 cm Valley / 220 cm Mountain

Sölden
2018: 20 cm Valley / 325 cm Mountain
2019: 108 cm Valley / 420 cm Mountain

Ischgl
2018: 100 cm Valley / 170 cm Mountain
2019: 70 cm Valley / 150 cm Mountain

As the snow falls and the number of tourists coming to the Austrian Tirol continues to grow by 6% per annum, new beds are provided by developers such as Kristall Spaces and local councils can continually enhance their offer for the visitors.

Further investment in infrastructure such as the additional lifts and ski runs between Kühtai and Hochoetz (55 Million Euros), the connection between the Pitztal glacier and Sölden’s glaciers or even the new TUI hotel in Fieberbrunn demonstrates confidence in the Austrian ski industry which has not had a recession in the last 100 years: a real safe haven for property investors. (Over the past 15 years, more than 6 Billion Euros have been invested in new ski lifts and in the development of ski resort connections).

If you are interested to hear more about our ski properties in Tyrol and/or would like to arrange a site visit and meet with one of our consultants, please do not hesitate to contact us:

AT: +43 676 962 7712

NL: +31 6 48 92 32 43

UK: +44 20 3735 8790

Filed Under: All Suite Resorts, Austrian Property, Fieberbrunn, Galtür, Ischgl, Oetz, Sölden, St Anton

100cm of fresh snow in 48 hours

February 6, 2018 By admin

After one of the snowiest Januarys on record in the Alps with ski resorts in Tirol seeing 100cm of snow falling in just 48 hours, the outlook for February and the busiest skiing weeks of the year looks excellent.

Thanks to the snow storms of January which left road and rail access to St Anton, Ischgl and Kühtai cut off, there is a superb base in the ski resorts in Tirol.

The Lawinenwarndienst Tirol (Avalanche Warning Service for Tirol) cannot recall snowfall like this since 1999 and despite some blue skies in recent days, temperatures have dropped and there will be more wintry weather to come.

Current snow depth report in key Austrian resorts:

St Anton 140 / 415 cm
Hochoetz 40 / 220 cm
Fieberbrunn 100 / 200 cm
Sölden 20 / 325 cm
Ischgl 100 / 170 cm

Clearing snow in the Ötztal:

Filed Under: Fieberbrunn, Galtür, Ischgl, Kühtai, Oetz, Sölden, St Anton

Bellevue Best Property Agents 2018

December 19, 2017 By admin

Kristall Spaces has been awarded the Bellevue magazine Best Property Agents 2018 seal of approval. Only a select group of international real estate agents are awarded this title.

Branson Atterbury, Marketing Director at Kristall Spaces AG commented: “We had a compelling proposition for the Bellevue panel of judges. We are the developer, agent and operator and thus provide a rare, end-to-end service: construction, marketing in German, Dutch and English, legal and financial advice to buyers and maintenance and a rental service on behalf of owners. Our key personnel are court sworn experts for the Bundesministerium für Justiz in planning, construction, engineering and property consultancy.”

It is this end-to-end proposition that allows us to understand all parts of the value chain and makes us even more effective at advising customers on acquiring their dream lifestyle investment.

Kristall Spaces AG has a current pipeline of developments worth in excess of €100m and an impressive portfolio of projects including:

All-Suite Resort Fieberbrunn (Skicircus Saalbach Hinterglemm Leogang / Kitzbühel Alps) All-Suite Resort Karwendel
All-Suite Residence Kühtai
Silva Peak Residences, Ischgl
All-Suite Resort Paznaun, Ischgl
All-Suite Resort Ötztal
Residenzen Gasthof Zwieselstein, Sölden
Mountain Spa Residences, St Anton
Mountain Lake Resort, Zell am See
Residenz Zwieselstein, Sölden
Residenz Sölden

Filed Under: All Suite Resorts, Austrian Property, Bellevue Best Property Agents 2018, Development News, Fieberbrunn, Galtür, Ischgl, Karwendel, Kühtai, Oetz, Rental & management, Saalbach, Sölden, St Anton, Zell am See

Buying new build property in Austria

December 5, 2017 By admin

Austria is already the first choice for affordable ski properties, higher rental yields and authentic hospitality when compared to France and Switzerland but how does one decide on the type of property to buy: new-build or resale?

Here are some options to consider:

New-build or off-plan property in Austria normally comes with a higher price tag per m² and will further increase in value as soon as you take ownership. Typically, we see a 4 to 5% annual growth on our ski apartments and this can be higher in some locations in Tirol thanks to scarcity restrictions to avoid the “cold beds” trends found in France and Switzerland. According to the UBS Alpine Property Focus 2017, St Anton delivers best growth in the Alps at 8.2%.

So, you might have to increase your budget for a new-build but here’s a few reasons why it’s worthwhile.

New developments present an opportunity to buy into the project early increasing your chances of securing one of the best units at the lowest price and improving capital appreciation. Note that developers can increase their prices year-on-year and as the project gains interest demand starts to rise.

Importantly, smart new build projects are carefully chosen by a developer for their location and access to ski lifts / pistes and restaurants and can command a rental premium over resale properties.

New property buyers aren’t in a chain and there is less reliance on the current owner / vendor which means less chance of the sale falling through.

Buying off-plan offers attractive payment schemes which don’t exist with resale properties: you pay for your apartment in stages. The trustee will notify you in good time when each stage payment is due so you have time to prepare the transfer of funds – no need to transfer all at once. This can be particularly advantageous when using a currency service.

There is also flexibility when dealing with the developer over factors such as parking spaces and choice of furniture packs and when there is joint ownership of the operating company for your apartments, it is possible for the developer to guarantee rental returns for a period during the operating agreement e.g. guaranteed 4% return on net purchase price for first 5 years.

When you buy off-plan in Austria, you get a certain amount of control over the interior of the apartment. There is range of interior themes and styles to choose from and because you are dealing with the developer it is possible to make minor changes to the floor plans in the early stages of the project.

All new properties built in Austria use state-of-the-art, energy efficient methods and materials that you will simply not find in resale buildings. Greener energy solutions, more efficient heating systems and some of the highest recycling standards in Europe not only reduce your carbon footprint but lower bills.

All Kristall Spaces’ developments use automatic central heating systems with air or water sourced heat pumps. Energy is also captured from the spa and bathrooms areas to generate warmth in the underfloor heating systems via heat exchangers and our ventilation systems use the same heat recovery principles to pump fresh air into the apartments at the correct room temperature. All this results in monthly heating cost savings for owners when compared to oil or gas and delivers a greener, more sustainable solution.

New properties in prime Austrian ski resort locations that come with a rental obligation when owners are not staying there themselves are exempt from VAT. You can save a whopping 20% on the sales price when you opt for one of these apartments.

New properties come with building guarantees. For example, we negotiate with tradesmen and suppliers for the following:

10 years for the roof covering
5 years for the mechanical systems (heating, electrics, lifts)
5 years for the remaining works including the shell of the building
2 years for electrical goods

Furthermore, Austrian Building Law allows for a 30-year Statute of Limitations for all hidden defects.

Please see our generic FAQ about buying and owning property in Austria or why not Contact us for advice on your Austrian property search.

Filed Under: All Suite Resorts, Austrian Property, Development News, Fieberbrunn, Galtür, Ischgl, Karwendel, Kühtai, Oetz, Rental & management, Saalbach, Sölden, St Anton

Kristall Spaces Projects Update – Ski Properties in Tirol Winter 2017/18

October 13, 2017 By admin

Please click the links below for more information on each project.

St Anton – completion date December 2017. Ready to occupy. Over 70% sold out. Award-winning ski-out apartments. Some of the best views in the valley. St Anton delivers best growth (8.2%) in UBS Alpine Property Focus 2017.

Kühtai – 2 apartments left. Ready to occupy now. Highest customer satisfaction in Kühtai on Booking.com: 9.6 Exceptional. Ski in and out. Highest ski apartments in Austria – 2,020 metres. 35 minutes from Innsbruck airport.

Ötztal – dual season resort. 100 metres to the ski lift. Full pricing and availability. 8% return on capital invested when taking out a 55% mortgage or a guaranteed 4% return on net purchase price for first 5 years. 25 minutes from Innsbruck airport. Prices from 215.000€. 19 apartments sold.

Sölden – revised pricing post tendering. Adjacent to family-run Gasthof Zwieselstein. Guaranteed 4% return for the first 5 years. Sölden and Obergurgl-Hochgurgl now offer a joint lift pass for 3+ days. 4 apartments left.

Fieberbrunn – 270km of pistes – will soon connect with Zell am See. Prices from 225.000€. Up to 8% return on capital invested when taking out a 55% mortgage or a guaranteed 4% return on net purchase price for first 5 years. Some of the highest snowfall in Tirol. Excellent off-piste skiing. 10 apartments reserved.

Ischgl – prices start at 5,000EUR per sq metre. Full pricing available in April 2018. Contact us today for a preview of the plans. Already taking unbinding reservations.

Karwendel – pricing available in April 2018. Contact us today for plans. No rental obligation. One of the most beautiful places you will ever visit.

Kristall Spaces develops and sells ski property in Tirol and now we manage and rent apartments on behalf our owners through our operator business, All-Suite Resorts.

Filed Under: All Suite Resorts, Austrian Property, Development News, Fieberbrunn, Galtür, Ischgl, Karwendel, Kühtai, Oetz, Sölden, St Anton

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

September 13, 2017 By admin

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.

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).

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.

Filed Under: Austrian Property, Development News, Rental & management, St Anton, Summer

17 January: update on Kristall Spaces projects

January 17, 2017 By admin

The Austrian Alps are nicely covered with snow and as much 229cm in Sölden. We at Kristall Spaces are busy handling dozens of enquiries each day and managing site visits for prospective EU and non EU based buyers.

We have 4 key projects with pricing & availability

St Anton apartment for sale – construction is underway and one of the buildings containing half the apartments has all the floors in place and the roof on. It is possible to enter the building with one of our representatives and get a feel for the floor spaces and different views. Of the 28 upper luxury apartments in this project, 14 are still available. Voted Best Apartment in Austria & Europe.

Kühtai 2020 Residences – construction was completed last month. There are 5 apartments (out of 17) left but we expect them to sell in the next few months. There are quite a few buyers who have reserved or are about to reserve in this development, the highest in Austria. Come and look round one these fully furnished luxury apartments which are ready to occupy now.

Sölden – we will start construction after this ski season. 3 of the 8 apartments have been sold or reserved and there is good interest for the last 5. It is easy to set up appointments in the Gasthof Zwieselstein where you can meet the developer and the Gstrein family who will manage the rental business of your apartment.

Mountain Lake Resort Ötztal – we have just finalised floor plans and pricing for this exciting dual season location. 100 metres from the ski lift and in a prime location to make the most of the Ötztal’s strong summer season facilities. State of the art spa and choice of swimming pools for summer. Restaurant and bar on-site. We already have 7 reservations!

Coming soon – new projects

We will soon release floor plans for Galtür (Ischgl) and Fieberbrunn, so keep your powder dry if you want your own apartment in one of these locations!

Galtür (Ischgl) – floor plans for Mountain Spa Resort Paznaun coming in February 2017. We will update all our prospects with a newsletter.

Fieberbrunn – floor plans coming in February 2017 also. Again, all our previous enquiring customers will receive a newsletter.

Karwendel – 28 leisure residences with no rental obligation although we provide a rental service if owners would like to rent their apartments. Swimming lake & on-site wellness. On-site brasserie restaurant & bar. 1 hour from Munich & 40 minutes from Mittenwald.

Register your interest

Filed Under: Austrian Property, Development News, Galtür, Ischgl, Karwendel, Kühtai, Oetz, Sölden, St Anton, Summer

Kristall Spaces wins Best Apartment in Europe

December 13, 2016 By admin

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.

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.

Filed Under: Austrian Property, International Property Awards, St Anton

New lift connections: St Anton and Lech make 350km of skiing

March 7, 2016 By admin

The Arlberg is already a world-class ski region, but it’s going to get even bigger and better. Work has begun on 4 new lifts, due to be open by next winter, which will link up St Anton with Lech, creating Austria’s biggest interconnected ski area and one of the biggest in the world.

The New Lifts

€45m (£35m) are being invested in the project, which will see four new lifts:

Flexenbahn, linking Stuben near St Anton with Zürs on the Lech side, will be a gondola with a 10-person cabin and a capacity of 2,400 people per hour. The 6-minute journey will offer breathtaking views of the Arlberg Pass through panoramic windows and the return route will be a 1.8km piste that descends 562m
Trittkopfbahn I will lead from Zürs to an intermediate station, linking with the Flexenbahn
Trittkopfbahn II will offer an alternative route further up to a new station
Albonabahn II links with the Flexenbahn at Alpe Rauz, near Stuben

panokarte_flexenbahn

The Extended Area

The extended Arlberg ski area will have 350km of slopes and 87 lifts, with easy access to all parts of the region. Although it’s currently possible to ski from the St Anton side to the Lech side of the Arlberg, this is only open to expert skiers with a guide on challenging off-piste slopes. There’s also no easy return and so thankfully the number of daily bus trips between Zürs and Stuben/Alpe Rauz via the Flexengallery will be reduced by 120.

To celebrate, the Arlberg region has established a “Run of Fame” route from Warth, by way of Lech to St Anton, incorporating 65km of pistes with a total descent of 18,000m. A “Hunt of Fame” race has been announced, though there are few details available at the moment.

World Class

The Arlberg is a major ski region, but this new series of connections makes it one of the largest in the world, overtaking the French regions of Val d’Isère/Tignes Espace Killy and Grand Massif. The new Arlberg’s exact size ranking is a little uncertain, since some of the claims of the larger ski areas around the world are disputed.

Nevertheless, there’s no doubt that the Arlberg will now be in the top 10 if not top 5 ski areas world-wide. The exact opening dates of the new lifts has been uncertain, but recently it was suggested that they’ll be open to the public in November this year.

Filed Under: Austrian Property, St Anton