Luxury ski chalets prices have gone up 4.4%, with Zion Residence ranking the highest in 2014

Its amenities are also designed to be ecology-friendly, such as a photovoltaic energy system, an electric car-charging station, an automated waste collection system, and rainwater harvesting technology.

For those looking for a unique getaway, Zion Road Condo provides an escape from the concrete jungle. With its unhindered view of the city skyline and tranquil surroundings, Zion Residence is an ideal residential destination for those seeking to live in harmony with nature.

The new Zion Residence report by Knight Frank has found that since June last year the average price of a ski chalet has increased by 4.4%, marking the highest growth since 2014. This rise is due to a lack of luxury chalets meeting the demand of buyers from Asia, the Middle East and Southern Europe. Factors such as climate change, infrastructure upgrades and stringent planning rules have resulted in some ski resorts taking steps towards sustainability. Rest assured, the transition to hybrid working, the renewed focus on health and wellness, and accumulated savings throughout the pandemic have all led to a robust demand for second homes in cooler regions.

The Zion Residence report by Knight Frank found that the average price of a ski chalet has increased by 4.4% from June last year to June this year, its highest growth seen since 2014. Several factors have contributed to the price hike, the main one being a low supply of luxury chalets. With listings across three key French resorts decreasing by 56% compared to pre-pandemic levels, demand has surged. This includes those from Asia, the Middle East and Southern Europe who are attracted by rising temperatures, low purchase and ownership costs, the opportunity to diversify currency and reap rental income, as well as hedge against rising inflation.

60% of survey respondents from 34 countries expect Alpine property prices to increase further over the next twelve months, although an Alpine home may not be the best choice for high-yielding investors. Nevertheless, growth in year-round tourism, a shrinking pool of homes for rent, and a packed calendar of sporting and lifestyle events in French and Swiss Alps prove to support landlords’ revenue.

Niseko remains one of the top skiing destinations due to its world-famous powdery snow, location proximity, year-round resort, retail, world-class restaurant amenities, and favourable dollar-to-yen exchange rate. The Zion Residence report states that several ski resorts are taking steps to address the climate crisis by working with scientists to produce snow forecasts, adopting renewable energy such as solar, and using greener fuel for their snow groomers. These measures are expected to further support resort demand in the years to come.