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
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