Tag: Ferienwohnung

  • Price increase for holiday flats in the Alps

    Price increase for holiday flats in the Alps

    Prices for holiday flats in the Alpine tourist region were 4 per cent higher in the first quarter of 2024 than in the same quarter of the previous year, UBS reports in a press release on its “Alpine Property Focus 2024″ study. With prices of at least CHF 21,500 per square metre for a second home in the high-end segment, Verbier has replaced the previous leader Engadin/St. Moritz GR. There, holiday flats in the high-end segment are available from CHF 21,200 per square metre. Zermatt VS completes the trio of the most expensive destinations with prices per square metre starting at CHF 19,900.

    The experts at the Zurich-based major bank attribute the price increase to a generally high demand for holidays in mountain destinations. Fully booked hotels at peak times increase the willingness to pay for a holiday home. The price level is also being supported by the strong demand for property and weak new construction activity.

    However, property experts expect prices for second homes to stagnate this year. “At present, there is much to suggest that the current price boom will not continue,” says Maciej Skoczek, property economist at UBS CIO GWM and lead author of the study, in the press release. “The economic downturn will dampen demand for second homes. Prospective buyers are likely to scrutinise the asking prices more critically.” In the medium term, UBS believes that demand will be supported by the affluent members of the baby boomer generation and from abroad.

  • Federal government is satisfied with the law on second homes

    Federal government is satisfied with the law on second homes

    The population accepted the second home initiative in 2012. This means that no additional holiday apartments or houses may be built in municipalities with more than 20 percent second homes. The Federal Council has now carried out an impact analysis of the Second Homes Act. He comes to the conclusion that the law does not need to be adjusted.

    In its communication, however, the Federal Council emphasizes that it is still too early to conclusively assess the Second Homes Act. For example, there would still be transition effects. Certain construction projects were approved before the law came into force. Overall, the land consumption for newly built second homes in all affected municipalities decreased by around a third from 2013 to 2018 compared to 2007 to 2012. However, the law on second homes did not result in zero growth.

    The federal government does not see any need for reform in the Second Homes Act. However, he sees a need for action in terms of enforcement, the knowledge base and the key terms of the accommodation industry. For example, the tasks and competencies of the cantons are to be specified. In 2025, the federal government will re-examine the effects of the law.

    In a media release, the Intergovernmental Conference of the Mountain Cantons is disappointed with the Federal Council's decision. It is known that the law on second homes is "largely complex in terms of content and not optimally formulated". This leads to problems in the execution. Accordingly, according to the mountain cantons, the law could be improved. You now want to work towards adjustments in parliament. They also emphasize that the impact analysis was carried out two years later than the law provides. If it had already gone that way, the findings from the corona pandemic should have been incorporated.

  • From the former rectory to the gently renovated holiday apartment

    From the former rectory to the gently renovated holiday apartment

    Bringing building culture to life is the maxim of the Foundation for Monument Holidays. From 2021, for example, the renovation work on a former rectory in Valais, which is being converted into a holiday apartment, is to begin. The former rectory – called "Kaplanei" – is located in the Valais village of 400 people, Ernen. It was built in 1776 and used as a rectory until 1952. Since then, the property has been largely empty and is becoming increasingly dilapidated. That will now change because the Foundation Holidays in Monument was able to take over the building under construction law at the end of 2018.

    The chaplaincy suffered from the long vacancy, says Nancy Wolf, who is responsible for marketing and communication at the foundation. Although the owners, in cooperation with the preservation of monuments, restored the outer facade, including the windows and the roof, there are neither modern kitchen facilities nor up-to-date sanitary and heating installations.

    Building with its own house chapel
    The plan is to concentrate on the maintenance of the existing substance during the extensive renovation work – this mainly includes the repair of the interior. Only the fixtures in the kitchen and bathroom should be implemented cautiously in a contemporary design language. The well-proportioned pre-protection house is particularly impressive due to the alternation of wood and stone on its eaves and the doors and windows framed with red tuff stone. Those responsible for the project emphasize that they radiate wealth and dignity. Characteristic of this type of building, the rear part of the house with the kitchen was made of stone. Inside there is also its own house chapel. When entering the reception room, the benefice's parlor, one notices the neatly worked, strongly curved paneling with the deep bevelled edges, of which there are not many today, can be read in the project description. The cube-shaped stove shows Saint George on a horse, the patron saint of the church and the parish, as well as Saint Catherine with the wheel.

    H out with a manorial character
    On the first and second floors you can find religious inscriptions in Latin, with which the residents probably wanted to give practical instructions on how to live, the preservationists suspect. One room on the upper floor has a vaulted plaster ceiling. In the middle is a painting. Painted, tulip-shaped flowers on the consoles and the arched portals to the cellar give the house its stately character. Future vacation home owners will soon be able to marvel at these treasures. ■

  • Graubünden luxury residences should be vacant less often

    Graubünden luxury residences should be vacant less often

    The University of Applied Sciences of Graubünden has examined how the added value of luxury residences that are often vacant can be improved. In this context, the Institute for Tourism and Leisure ( ITF ) investigated the question of how their owners can become convinced renters. In Graubünden they have been “neglected”, writes the FH in a press release . However, because the trend is moving from overnight stays in a hotel to one's own holiday home, this clientele should not be neglected.

    However, the existing data is too thin for a needs analysis. Therefore, in their study, the researchers examined the willingness to rent similar prestige properties. In the global yacht charter market, they identified high administrative hurdles as well as psychological motives as an obstacle to renting out. These include encroachments on privacy and limited flexibility in personal use.

    The most important finding from this needs analysis, however, is "that both the rental of superyachts and luxury residences are a matter of trust". So that the potential of the often vacant luxury properties in the high-priced Alpine destinations can be used, "all tasks that arise must be managed by a coordinator role". It is your job to guarantee that all service participants work together as smoothly as possible. “The rest then comes naturally, because satisfied landlords generate satisfied tenants,” says the message.