Thinking high and long

Released on: February 14, 2008, 9:40 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: Those looking at overseas property investments in areas such
as the Swiss Alps property may have a somewhat more complex choice to make than in
days of yore

Press Release Body: Those looking at overseas property investments in areas such as
the Swiss Alps property may have a somewhat more complex choice to make than in days
of yore. Where once it was a matter of finding attractive chalets in a snowy
location for the winter, much has changed.

For one thing, the spectre of global warming has come to the fore. Figures from the
Swiss Association of Winter Sports Resorts Property has shown that the winter season
in the Alps has receded by 12 days since 1995. This means 12 days less when a skier
or snowboarder may wish to rent out a buy-to-let property in a resort before taking
to the slopes.

Worse still, the weather has become highly erratic. Steve Thomas, managing director
of Alpine Property Investments, said that many people had been concerned about the
wisdom of investing in Alpine resorts in the light of the winter of 2006-07, when
the mild weather left low-lying resorts catastrophically short of snow.

Mr Thomas added: \"The unpredictability of the snow in the different resorts around
the world from year to year is currently leaving an open mind with the majority of
ski property hunters as well on global warming.\"

The last two winters have shown this is a worldwide problem, not just an Alpine one,
with the mild European winter of 2006-07 coinciding with record snowfall in North
America and the situation reversing itself this year.

Many people had found an obvious solution, he stated: \"Climate change has already
become a factor in some clients\' minds - approximately 15 per cent - when they are
looking to purchase a ski property and these buyers are all looking to buy at

But buying high is not the only new concern. Investors are now not just looking for
winter accommodation but places which are open all year round, partly for their own
use, Mr Thomas noted, but partly because tourist boards were looking to develop
year-round attractions. He gave the examples of Les Diablerets and Leysin in Canton
Vaud in Switzerland as two locations whose family-friendly facilities had added to
their appeal.

The advantages of such investments are obvious: A longer period in the year when
tourists are in the area means longer periods when rental property is occupied.
Furthermore, the presence of attractions other than winter sports means not
everybody will vanish if global warming inflicts more mild winters.

Such diversification does not just happen in the Alps. In Scotland for example, the
Nevis Range ski resort uses its world championship mountain biking track and cable
cars to bring in tourists throughout the year, transporting cyclists to the top of
the track and giving mountain climbers a major head start in Munro-bagging the 4,000
ft peaks of Aonach Mor and Aonach Beag. A similar cycling facility is planned for
Glen Shee in the Cairngorms.

For investors in ski property in the Alps, therefore, looking either for high
altitude locations where snow is guaranteed or diverse locations which are not
wholly reliant on the weather appear to be the keys to success.

In today\'s world Property investment is an excellent investment option especially
investment in UK

Web Site:

Contact Details: Address:Assetz House, Newby Road, Stockport,Cheshire

zip:SK7 5DA

ph:0845 400 7000

fax:0845 400 6010

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