Alpine Luxury Homes Surge 23% Despite Global Slowdown

24 Oct 2025 CW Team

The Knight Frank Alpine Property Index recorded 3.3 per cent annual growth, led by Andermatt (+14.6 per cent), Davos (+10 per cent), and Cortina d’Ampezzo (+10 per cent), underscoring the region’s resilience and enduring international appeal.

According to the report, 73 per cent of high-net-worth individuals (HNWIs) surveyed would now consider living full-time in the Alps — a shift attributed to the pursuit of wellness, sustainability, and community living.

Key Highlights from the Report:

Alpine property outperforms: Prime alpine homes up 23 per cent in five years, bucking global luxury slowdowns.
Andermatt leads: Switzerland’s Andermatt tops the index with 14.6 per cent annual price growth, aided by relaxed ownership rules.
Olympic boost: Cortina d’Ampezzo home values rose 10 per cent year-on-year ahead of the 2026 Winter Olympics, yet remain 30–40 per cent below St Moritz.
Regulatory shifts: Chamonix’s new “one out, one in” policy tightens supply, pushing up premiums on properties with development rights.
Sustainability matters: Nearly half of buyers now consider climate resilience a key purchase factor, with Val Thorens, Val d’Isère, and Zermatt leading the Alpine Sustainability Index.
Year-round appeal: Lift pass sales are up 46 per cent in two years, highlighting the Alps’ transformation into a summer destination.
Top-tier destinations: Gstaad, St Moritz, and Courchevel 1850 remain the region’s most expensive markets.

“The Alpine property market has evolved from seasonal playgrounds to year-round sanctuaries,” said Kate Everett-Allen, Head of European Residential Research at Knight Frank. “The influx of full-time residents and rising summer tourism are redefining alpine living. While other luxury markets have plateaued, the Alps continue to offer lifestyle, resilience, and long-term capital value.”

The latest Knight Frank Alpine Property Report 2026 reveals that Europe’s Alpine property market continues to outperform global luxury trends, with prime home prices rising 23 per cent on average over the past five years. The surge is being driven by year-round demand, flexible working lifestyles, and a growing appetite for permanent mountain living.The Knight Frank Alpine Property Index recorded 3.3 per cent annual growth, led by Andermatt (+14.6 per cent), Davos (+10 per cent), and Cortina d’Ampezzo (+10 per cent), underscoring the region’s resilience and enduring international appeal.According to the report, 73 per cent of high-net-worth individuals (HNWIs) surveyed would now consider living full-time in the Alps — a shift attributed to the pursuit of wellness, sustainability, and community living.Key Highlights from the Report:Alpine property outperforms: Prime alpine homes up 23 per cent in five years, bucking global luxury slowdowns.Andermatt leads: Switzerland’s Andermatt tops the index with 14.6 per cent annual price growth, aided by relaxed ownership rules.Olympic boost: Cortina d’Ampezzo home values rose 10 per cent year-on-year ahead of the 2026 Winter Olympics, yet remain 30–40 per cent below St Moritz.Regulatory shifts: Chamonix’s new “one out, one in” policy tightens supply, pushing up premiums on properties with development rights.Sustainability matters: Nearly half of buyers now consider climate resilience a key purchase factor, with Val Thorens, Val d’Isère, and Zermatt leading the Alpine Sustainability Index.Year-round appeal: Lift pass sales are up 46 per cent in two years, highlighting the Alps’ transformation into a summer destination.Top-tier destinations: Gstaad, St Moritz, and Courchevel 1850 remain the region’s most expensive markets.“The Alpine property market has evolved from seasonal playgrounds to year-round sanctuaries,” said Kate Everett-Allen, Head of European Residential Research at Knight Frank. “The influx of full-time residents and rising summer tourism are redefining alpine living. While other luxury markets have plateaued, the Alps continue to offer lifestyle, resilience, and long-term capital value.”

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