Alpine properties are outperforming other property investments due to a rise in remote working and permanent mountain living, according to Knight Frank analysis.
Prime prices for alpine homes rose by 23% on average over the past five, with the highest annual increases taking place in Andermatt, Switzerland (+14.6%), Davos, Switzerland (+10%) and Cortina d’Ampezzo, Italy (+10%).
Cortina d’Ampezzo is surging thanks to the 2026 Winter Olympics, though values are still 30–40% below St Moritz in Switzerland.
Kate Everett-Allen, head of European residential research at Knight Frank, said: “The Alpine property market has shifted from seasonal playgrounds to year-round sanctuaries. The surge in full-time residents, alongside rising summer tourism, is rewriting what it means to own in the mountains.
“While other luxury residential markets have plateaued, the Alps continue to deliver both lifestyle and long-term capital resilience. Regulatory shifts and the 2026 Olympics are creating new dynamics that investors cannot ignore.”
Lift pass sales have risen by 46% in two years, which Knight Frank said shows the Alps’ growing summer appeal.
Some 44% of high net worth individuals target homes under €2 million.
