In the face of heightened economic uncertainty, global prime residential property markets have proved remarkably resilient. The ski market is no exception to this. While price growth in ski markets has slowed from its record pace in the immediate wake of the pandemic, average prime residential ski property prices increased by 3.8% over the course of the past year. In many markets, there are supply and demand imbalances which are contributing to rising prices.

While prices remain 2% lower than their 2022 highs, on average, they remain 34% above 2021 levels and 36% above pre-pandemic prices. Buying prime residential property is a personal and deeply emotional decision for most, and choosing to purchase a prime ski property is no exception. The purchase not only represents an attractive store of capital but also a highly sentimental asset for many.

01. Aspen

Aspen, made up of four unique ski areas: Aspen Mountain, Aspen Highlands, Buttermilk, and Snowmass, is more than just skiing; it is a year-round hotspot for outdoor enthusiasts and those seeking a luxurious getaway. The resort retains its top spot in the Prime Price League, with asking prices at nearly €40,000 per square metre. While many other markets across the United States have slowed due to high interest rates, prices in the Aspen market do not seem to have reached a ceiling, increasing by 9.3% from 2023 values.

02. Courchevel 1850

As the first purpose-built ski resort in France, Courchevel 1850 offers skiers access to the Three Valleys, luxurious hospitality, and prime residential property. The resort is the second-most expensive location in the Savills Prime Price League, with average asking prices of €34,600 per square metre.

03. Val d’Isère

Val d’Isère sees the second-highest prime residential prices in France, and third in our index, with average asking prices at nearly €30,000 per square metre. The market consistently ranks as one of the most desirable in the Alps for both prime residential property and for its skiing amenities with numbers of ski runs and challenging slopes. This ever-popular, high-altitude resort consistently ranks in the top 10 of the Savills Ski Resilience Index.

05. St Moritz

Of the nine Swiss ski resorts in the top 20 by pricing, St Moritz is one of the highest priced. The market consistently attracts global ultra-high-net-worth individuals (UHNWIs) for both its skiing and for its lifestyle offerings, attracting winter sports enthusiasts since the 19th century. Asking prices for prime residential property averages €26,600 per square metre, positioning the glamorous Swiss resort as the fifth-most expensive in the Savills Prime Price League.

19. Cortina d’Ampezzo

Hosting the Winter Olympics in 2026 jointly with Milan, Cortina d’Ampezzo has been on the radar of skiers across the world in recent years. This increased attention is playing out in its prime residential markets, where average asking prices have increased by 0.03% year on year to €14,800 per square metre. Global attention will likely only continue to support pricing and price growth in the coming years.

If you’re considering a move, whether buying, selling or renting, our team would be delighted to assist with your ski property enquiries.

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