\nWinter sports destinations have long been considered desirable by status-conscious investors, but an element of doubt has crept into the market<\/p>\n
Our four-part series covers the dip in demand for winter resort properties that\u2019s causing some concern on the slopes of North America, Europe and Japan
Winter sports destinations have long been considered desirable by status-conscious investors, but an element of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14468","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3Lm","jetpack-related-posts":[{"id":15298,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japanese-ski-market-recovers-from-some-lean-times\/","url_meta":{"origin":14468,"position":0},"title":"Japanese ski market recovers from some lean times","date":"June 3, 2016","format":false,"excerpt":"\r Niseko in Hokkaido is likely to benefit Our four-part series covers the dip in demand for winter resort properties that\u2019s causing some concern on the slopes of North America, Europe and Japan With the next two Winter Olympics taking place in South Korea and China respectively, the profile of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26724,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-values-are-rising-near-famous-japanese-ski-resort-town\/","url_meta":{"origin":14468,"position":1},"title":"Land values are rising near famous Japanese ski resort town","date":"September 21, 2016","format":false,"excerpt":"\r Where powder snow falls in Japan, prices rise Snowboarder at a ski resort in Niseko, Hokkaido, Japan. SEASTOCK \/ Shutterstock Residential land prices in Japan rose the highest in Kutchan, a town in the skiing region of western Hokkaido, in the year ended July 31, Bloomberg reported, citing results\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-properties-survivor-in-a-long-winter-tops-hong-kong-property-sales-with-30-of-homes-sold-in-2023\/","url_meta":{"origin":14468,"position":2},"title":"Sun Hung Kai Properties, \u2018survivor in a long winter\u2019, tops Hong Kong property sales with 30% of homes sold in 2023","date":"January 3, 2024","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP) topped the city\u2019s home sales table in 2023, accounting for over a quarter of the deal volume for residential flats in one of the world\u2019s most expensive property markets.\r \r Source : South China Morning Post\r Read more...Sun Hung Kai Properties, \u2018survivor in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40693,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/skiing-shop-around-to-hit-the-slopes-but-not-your-wallet\/","url_meta":{"origin":14468,"position":3},"title":"Skiing: shop around to hit the slopes but not your wallet","date":"January 15, 2017","format":false,"excerpt":"\r Skiing holidays can be expensive, but there are many ways to reduce your costs, from accommodation to clothes, gear and foodAlthough a winter holiday on the slopes may sound like an unaffordable luxury for many, Lee White has found that the DIY approach works for his family \u2013 and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/co-working-modern-logistics-spaces-resilient-as-asia-pacific-property-markets-face-long-and-cold-winter\/","url_meta":{"origin":14468,"position":4},"title":"Co-working, modern logistics spaces resilient as Asia-Pacific property markets face long and cold winter","date":"November 26, 2019","format":false,"excerpt":"\r Lights are dimming across many Asia-Pacific economies heading into the fourth quarter of 2019, as headwinds continue to broaden and deepen. 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The culprit was likely winter storm Fern.\r \r Source : cnbc.com\r Read more...Rough winter weather hits homebuyers, tanking mortgage demand","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14468"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=14468"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14468\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=14468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=14468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=14468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAll property markets have their ups and downs, their slippery slopes and lofty peaks \u2013 but few buyers can take things so literally as those who purchase a ski property. While winter sports properties are boosted, buffeted, or battered by the same external economic forces as other markets, their unique purpose lends this sector a distinct set of characteristics and variables to consider.
\nAs Grant Mitchell, owner and director of Japanese winter sports real estate specialist Niseko Property, explains, the economic fundamentals of supply and demand become more rarefied \u2013 and extreme \u2013 on the slopes.
\n\u201cWinter sports real estate differs from typical property investment in that there is such a low number of genuinely viable locations for world-class ski resorts in terms of geography, accessibility and infrastructure,\u201d he says. \u201cThis means that winter sports locations, once established, see development cycles at an accelerated rate compared with the norm.\u201d
\nHowever, just as ski properties\u2019 physical position can leave them exposed to icy blasts of weather, so too can their reliance on \u201ca luxury holiday activity\u201d leave them \u201cexposed to fluctuations in the global economy that impact peoples\u2019 disposable incomes,\u201d says Mitchell.
\nMore: Why Asian property buyers are hitting the Alps
\nAnother major factor impacting on the ski property market is obvious, but nonetheless crucial \u2013 whether people actually want to ski or not. According to Geneva-based consultant Laurent Vanat, the sport is also on the slide in terms of popularity.
\nThe 2015 edition of his \u201cInternational Report on Snow & Mountain Tourism,\u201d a rigorous annual scrutiny of the ski industry, points to a long-term decline in major markets such as Europe and North America. Some of this comes down to demographics. \u201cThe problem of the succession of the generation of baby boomers, a generation of skiers, remains a challenge,\u201d he explains.
\nFor those with an interest in ski markets attracting high numbers of participants, Vanat paints a bleak picture. \u201cThe fairy tale of the inexhaustible foreign customer reservoir is to an end. This reservoir is stagnating and is even spreading to new markets.\u201d
\nWhile 80 countries in the world have their own ski scenes, the cold countries in Europe, North America and Asia are the main established zones
\nWith skiing numbers on a slippery slope and the global economy jittery, has the winter sports real estate market frozen solid? Not according to Jeremy Rollason, managing director of Alpine Homes, exclusive associates of Savills.
\n\u201cSince the end of the global downturn, the market has recovered in most resorts to price levels equal to or in excess of pre-crisis levels,\u201d he says.
\nThat\u2019s not to say many people actually buy ski properties to get rich, however. Dividends are unremarkable, Rollason adds: \u201cInvestment returns are circa 2.5 percent net in Switzerland and France and roughly double that in Austria.\u201d
\nHowever, most purchasers of ski properties won\u2019t be troubled by the prospect of such modest returns, he points out. \u201cLifestyle buyers (as opposed to pure investment-driven buyers) are generally cash rich,\u201d explains Rollason. \u201cThat is not to say that they do not still let out their chalets, it just means they don\u2019t need to.\u201d
\nWhile some 80 countries around the world host some sort of skiing scene, there are three main established zones in the winter sport property market \u2013 Europe, North America and Asia. Each area has its own distinct terrain, not only in terms of geography, but also economy.
\nCome back for\u00a0Part Two.
\n
\nSource : property-report.com
\nRead more…Winter sports resorts on the wane?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"