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Old 21.10.2012, 09:32
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Skiers: best resorts to buy flats to rent

We've sold our house in Geneva and are leaving Switzerland in December, but we are considering buying an apartment to keep a pied à terre in Switzerland. The prices for flats to rent out in Geneva and Vaud are ridiculous, so they're out of the equation.

We are not skiers and hate snow.. but the most practical solution might be to buy a flat in a ski resort so we can rent it out all winter and maybe come over in the summer to get out of the Texas heat.

Though I won't be a resident, I am Swiss so I'm guessing the Lex Koller wouldn't apply (?) for purchases in the Valais.

Any of you skiers know which resort would be best to buy a flat with the best possibilities of being able to rent it out in the winter? The only resort I'm really familiar with is Crans-Montana. I like that you can get to it, and around in it, with public transport - so no need for rental cars. But it's so pricey and overbuilt now.

Any other resorts that might fit the bill? We've considered Leysin, Château d'Oex, Villars, Morgins, Verbier (though it seems pricier than Crans) and Loèche-les-bains - though we haven't been up to any in years (we HATE snow)... some place where global warming doesn't translate into no snow and no skiers. Thanks!
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Old 21.10.2012, 11:30
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Re: Skiers: best resorts to buy flats to rent

Haute-Nendaz has places listed in the local reggies from CHF170K ( studio ) to several million CHFs.

http://www.nendaz.ch/tourism/ski-1080.html

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Old 21.10.2012, 12:57
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Re: Skiers: best resorts to buy flats to rent

Thanks. I forgot about Haute Nendaz though mainly I know of it because it has lots of kiddie summer camp-colonies de vacances up there. Would it actually be a draw for skiers?? Thanks!
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Old 21.10.2012, 13:13
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Re: Skiers: best resorts to buy flats to rent

Haute Nendaz is quite good, but the OP should bear in mind that the ski season is really quite short, he might get lucky & rent out for 6 weeks in high season, the rest of the time it could be empty. Service charges will be high so unless your a skier I would avoid the concept.
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Old 21.10.2012, 13:20
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Re: Skiers: best resorts to buy flats to rent

Those pics were taken last week, so it is a perfectly decent place even during non-ski periods.

http://www.myswitzerland.com/en/the-...ter-trail.html

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Old 21.10.2012, 13:35
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Re: Skiers: best resorts to buy flats to rent

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Those pics were taken last week, so it is a perfectly decent place even during non-ski periods.

http://www.myswitzerland.com/en/the-...ter-trail.html

However it's a ghost town out of season, been there to look in September, will be worse now!
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Old 21.10.2012, 13:37
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Re: Skiers: best resorts to buy flats to rent

Thanks - so far the apartment that we're most interested in, is in Leysin - though I haven't been up there since the days of the Club Vag many years ago... Haute Nendaz and Loèche les bains also seem to be possibilities, along with Crans.

I don't think we would want to rent the apartment out all the time. If we could just get it rented for the season, that would probably be enough. It would mainly be an investment in case we end up coming back to Switzerland.
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Old 21.10.2012, 13:42
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Re: Skiers: best resorts to buy flats to rent

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we're most interested in, is in Leysin
http://www.diablerets.ch/en/index.cfm

http://www.tiscover.com/ch/destinations/le-sepey

nearby and well connected.
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Old 21.10.2012, 14:07
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Re: Skiers: best resorts to buy flats to rent

Lemme see...you don't ski, and don't like snow. You will be living thousands of miles away. You want to rent it out.

Sounds like a train wreck in the making.
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Old 21.10.2012, 14:21
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Re: Skiers: best resorts to buy flats to rent

Does it now? Tiens, tiens...
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Old 21.10.2012, 14:21
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Re: Skiers: best resorts to buy flats to rent

Although I tend to agree with Karl, is there any reason you are limiting yourself to the french side?

If I were looking to make a ski resort investment in Switzerland, I would be looking at Davos. Aside from the skiing there is the World Economic Forum and it's a centre for summer and adventure sports too, so you aren't limiting your rental period to 4 or 5 months a year.

And it's pretty convenient from Zurich airport if you want to visit. 2 and a half hours or so.
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Old 21.10.2012, 14:28
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Re: Skiers: best resorts to buy flats to rent

This is an investment - not a weekend retreat for my family.

As for limiting ourselves to the French-speaking region - we speak French, not German and would prefer to deal with transactions in a language we speak - a lot easier and as we have already bought and sold property in Switzerland, we know what to expect. Dealing with a régie which would rent the place out would need to be in French - as would potentially dealing with a concièrge who might be delegated by the régie to check people in and out.

We've eliminated the German-speaking parts of Valais, too, though Loèche-les-bains (aka Leukerbad) slips in because it is bilingual.

In Geneva, most of our friends and colleagues who do ski, go to France - it's cheaper. We do not intend to purchase anything in France.
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Old 21.10.2012, 14:55
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Re: Skiers: best resorts to buy flats to rent

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This is an investment - not a weekend retreat for my family.
.
Other than Verbier I don't think Swiss ski properties have been a good investment at any time in the last 30 years, prices generally unchanged.

In most of the top resorts the people spending the most money speak English not French or German.

On the other hand French property has increased, with the new CGT rules I guess the party is over.
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Old 21.10.2012, 15:35
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Re: Skiers: best resorts to buy flats to rent

unchanged prices are fine with me - I'm not into speculation, just into maintaining a pied à terre in Switzerland - that's my investment. I'm not worried about communicating with potential tenants, more about communicating with the concièrge (who won't speak English).

I was hoping to get feedback from actual skiers, people who know Vaudois and Valaisan resorts and could suggest which ones were currently most interesting for skiers.
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Old 21.10.2012, 15:36
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Re: Skiers: best resorts to buy flats to rent

i don't see how you'll manage this 'investment' from the other side of the world. careful it doesn't turn out to be a money pit rather than an investment.

if you want a place to visit during the summer, it would make more sense to rent.
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Old 21.10.2012, 16:19
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Re: Skiers: best resorts to buy flats to rent

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unchanged prices are fine with me - I'm not into speculation, just into maintaining a pied à terre in Switzerland - that's my investment. I'm not worried about communicating with potential tenants, more about communicating with the concièrge (who won't speak English).

I was hoping to get feedback from actual skiers, people who know Vaudois and Valaisan resorts and could suggest which ones were currently most interesting for skiers.
I am an actual skier, I own a place in Chamonix, my brother owns a place in Verbier. Are you looking for a world class resort or an ordinary cheap place, just to rent to locals?

The people on site will need to speak the language of the clients, if you want it to work well.
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Old 21.10.2012, 16:30
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Re: Skiers: best resorts to buy flats to rent

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Haute Nendaz is quite good, but the OP should bear in mind that the ski season is really quite short, he might get lucky & rent out for 6 weeks in high season, the rest of the time it could be empty. Service charges will be high so unless your a skier I would avoid the concept.

Haute Nendaz ski season is definitely NOT short! It is our favourite ski resort, and links directly to Super-Nendaz/Siviez to the whole of Verbier ski area, + Thyon Les Collons and Veysonnaz. When we used to go there every year as a family in the 70s and 80s, Brits were unknown there, and most owners and renters were Dutch or Belgians. Many British companies there now, and many Brits choose to rent there because it is much cheaper than Verbier and not so full of Hurray Henries! The direct skil link by Plan du Fou is indeed often closed (too much or too little snow) - but the link by Siviez is always opened from December until after Easter. Very easy to get to from Geneva airport- train to Sion and post bus up to resort (the bus awaits for the trains just outside the CFF station)- and much closer to the UK than Davos, Zermatt, etc. From Calais about 9 hours with 3 coffee breaks.

Ailidh - Club Vagabond Leysin - wow that brings back memories, LOL? now the ski season in Leysin can be short, as it is full south facing. Crans is good in as much as it is a favourite for golfers- so renting Summer weeks would be easier (brilliant skiing too - but oh do I hate those rich Italians with those huge fur coats!!) How about a Quarter share in Verbier? The daughter of good friends of ours sell those. Everything is managed by them, and each owner has about 13 weeks a year - not sure how they decide which - but could be an interesting concept.

Give me 2 weeks a year - and I'll do the communicating

Last edited by Odile; 21.10.2012 at 17:32.
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Old 21.10.2012, 16:34
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Re: Skiers: best resorts to buy flats to rent

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Haute Nendaz ski season is definitely NOT short! It is our favourite ski resort, and links directly to Super-Nendaz/Siviez to the whole of Verbier ski area, + Thyon Les Collons and Veysonnaz. When we used to go there every year as a family in the 70s and 80s, Brits were unknown there, and most owners and renters were Dutch or Belgians. Many British companies there now, and many Brits choose to rent there because it is much cheaper than Verbier and not so full of Hurray Henries!
There are 52 weeks in the year, whilst the lifts are open more than 12 weeks, the conditions start & end of the year won't be that good. Summer season 4 weeks maximum. In the grand scheme of things it's a short season to make your money.

Dutch will speak English as will Americans, Canadians, Sweedish & Russians, having English speaking people on the ground is a requirement for a successful ski rental operation.
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Old 21.10.2012, 17:15
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Re: Skiers: best resorts to buy flats to rent

All régies in the ski resorts have English-speaking staff. That's not the question. It's dealing with tax authorities, dealing with co-propriétaire associations, dealing with the concièrge that are the issues - and the reason I don't want to be stuck in a German-speaking region.

As for tourists all being English-speaking, well the resort I am most familiar with is Crans which is the favorite resort of rich Italians - who don't usually speak English, but do speak some French.
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Old 21.10.2012, 18:09
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Re: Skiers: best resorts to buy flats to rent

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All régies in the ski resorts have English-speaking staff. That's not the question. It's dealing with tax authorities, dealing with co-propriétaire associations, dealing with the concièrge that are the issues - and the reason I don't want to be stuck in a German-speaking region.

As for tourists all being English-speaking, well the resort I am most familiar with is Crans which is the favorite resort of rich Italians - who don't usually speak English, but do speak some French.
You obviously think you know what your doing, good luck.
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