_The Global Ultra-Prime Report 2019: Ski destinations
The Alps ( St Moritz, Gstaad and Courchevel)
Located in the Swiss Alps, the resort of St Moritz provides the perfect location for those who love snow sports. The area is popular among those looking for a permanent destination with a favourable flat rate tax regime operating in the Canton.
However, properties at the top-end of the market must be purchased as a primary residence due to Swiss law. There is also a wealth of activity taking place with the world famous Cresta Run and Snow Polo in the winter.
The hillside of Suvretta, or areas offering lake views in the main resort, are particularly prominent locations for ultra-prime property.
These locations offer discrete surroundings and plentiful space, properties here often exceed 1,000 sq m, with most offering an indoor swimming pool, spa, underground garage and staff accommodation.
The other prominent destination in the Swiss Alps is Gstaad. The area is regarded as a mountain village that offers skiing, but which is not solely a ski resort. The village offers residents a lot of discretion, particularly the favourable area of Oberbort. There are restrictions on the type of properties built, which means that many offer the ‘Swiss chocolate box’ appeal. Most properties in this price bracket include a lift, pool, and staff accommodation.
Aspen
The properties in Aspen tend to be on larger sites than those in most other markets discussed. For the ultra-prime bracket, out of town properties often include significant areas of land - 200 acres or more and accommodation above 1,400 sq m.
For those closer to the town centre, the sites are typically smaller with roughly 3-4 acres but with the added bonus of being able to walk to the high street.
Willoughby Way, the lowest road on Red Mountain, offers spectacular views in close proximity to the town, making it a favourable destination.
The appeal of Aspen is growing not only as a winter destination but also in the summer months. Aspen is making a name for itself as a cultural hub, with the Aspen Institute of Ideas Festival and its Music and Food & Wine Festival.