The promotional arm of British-managed property developer VenturePlus AG has introduced its latest development. Kristall Spaces AG has created All-Suite Resort Fieberbrunn in Tirol, Austria, which features 36 modern freehold apartments.
Despite being only a half hour drive away from the prestigious, upmarket ski resort of Kitzbühel, prices per square metre in Fieberbrunn are on average 70% cheaper, making the area particularly appealing to investors and buyers.
Fieberbrunn, known as a 'Schneeloch' (snowhole) because it captures 50% more snowfall than Kitzbühel, is located in the heart of the Kitzbüheler Alps, and links up to Saalbach and Hinterglemm in the Salzburg province. This has helped to make the town very popular among skiers and boarders seeking out powder snow and one of the main reasons why it is host to the Freeride World Tour, which takes place annually.
Its ski season starts this year on 1 December 2017. In an effort to sustain it for longer, Fieberbrunn's authorities are pumping in €7million to add 35 new snow machines, as well as enhancing the meltwater capture system used to make snow in a more sustainable way.
In addition, there is a new high-speed 10 person gondola – providing access to 347km of skiing – which ensures Fieberbrunn is one of the largest ski areas in the world. This, in turn, boosts local tourism, which already witnessed an uplift of 9% in 2016. That came after the local authority invested €20million, and there is a determination for the town to not rest on its laurels.
“The continued infrastructural improvements in Fieberbrunn and its dual season credentials have led to frequent enquiries from buyers who are attracted to the area but can't justify spending up to €15,000 per sqm in Kitzbühel,” Simon Atterbury, Principal at Kristall Spaces AG, said.
“Fieberbrunn, where the starting price is €4,500 per sqm, is an appealing alternative, giving buyers the lifestyle retreat they want and the opportunity to generate good rental income and an average 4.5% return each year. The resort's proximity to Salzburg airport, 50 minutes by car, is a further draw, making it a convenient location to own a holiday or investment property.”
The new resort will be fully completed in the winter of 2018 and will be managed by All Suite Resorts, Kristall Spaces' sister company. A selection of one, two and three double-bedroom apartments – starting from €208,000 (£185,000) – will be on offer. The apartments will be between 43 and 130 sqm in size, come fully equipped with furnishings and fittings (including parquet floors featuring underfloor heating) and include triple-glazed floor to ceiling windows, a modern or traditional finish, intercom access, Italian ceramics, flat screen Smart TVs, Miele kitchens with integrated appliances and wireless LAN.