Andermatt tops price rankings for European Alpine destinations, bolstered by international buyers: Knight Frank
The Lex Weber, enacted in 2012, limits the share of secondary or vacation homes in Swiss areas to 20% of the standing housing supply. Several hotels have currently hit the limit, effectively prohibiting new-build second homes, the record adds.
Inevitably, alpine properties have become “durable, year-round resorts incorporating way of living, stability and strong financial investment performance”, the record adds. As attention continues to expand, the Alpine market is anticipated to see more activity in the coming years, sustained by the 2026 Winter Olympics that will be kept in Italy’s Milano Cortina, in addition to evolving laws and rising summertime need.
More extensively, Knight Frank’s report reveals Alpine real estate markets are progressing beyond their typical role as in season getaways. Instead, more customers are seeing it as a year-round location, sustained by remote work fads, a boost in summer tourism, and more lifestyle services and amenities available throughout the year. A study amongst high-net-worth individuals (HNWIs) by Knight Frank identified that 73% would certainly consider dwelling full time in the Alps.
However, attention is likewise increasing from Asian investors. Maureen Yeo, local supervisor of Asia for real estate property developer Andermatt Swiss Alps, states queries from Hong Kong and Singapore buyers have risen roughly 20% in the previous year. She adds that purchasers seeking stability, asset preservation and a currency hedge are drawn to Andermatt, in which they have the opportunity to get a freehold, Swiss-Franc-denominated asset.
According to the record, Andermatt’s solid efficiency is underpinned by its exemption from Switzerland’s Lex Koller and Lex Weber legislations. The Lex Koller restricts international ownership by allowing non-residents to only buy holiday homes within marked tourist areas, with a maximum space of 2,152.78 sq ft.
As Andermatt is excluded from these laws, it is one of the few prime Alpine destinations where foreigners can buy and re-sell real property freely. Knight Frank’s report notes certain interest among United States purchasers for Andermatt real properties.
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Switzerland’s Andermatt has actually emerged as the top-performing alpine venue in Europe, according to the 2026 Knight Frank Alpine Property Record. The town in the Swiss Alps viewed the top annual growth in prime property rates as of June this year, at 14.6%.
This is considerably higher than the industry norm of 3.3%, and exceeds other well-known alpine spots like Switzerland’s Davos (10.5%) and Italy’s Cortina (10%). Knight Frank includes that on average, Swiss Alpine markets recorded 5% annual expansion, surpassing the 1.2% regular growth for French markets.
