HERISAU, Switzerland, October 21, 2014 /PRNewswire/ --
Building permits in Saalbach, Galtür (Ischgl) and Kühtai are rare, an opportunity to acquire such a property is even rarer.
Much sought after building permits have been granted in several top Austrian ski resorts including Saalbach, Galtür/Ischgl, and Kühtai.
Real estate specialist Kristall Spaces is currently offering these brand new, luxury two and three bedroom apartments for sale to worldwide investors.
The resorts are carefully selected as year-round tourist hot spots as they offer long, snow-assured ski seasons in the winter and breath-taking golf, walking and alpine sports in the summer, so there is exceptional potential to yield an income through the rental market.
And importantly, as development is scarce due to restriction by planning authorities, capital growth remains high, providing an excellent investment opportunity.
The apartments are centrally located, have private parking and meet the highest standards in terms of fittings and design.
"In Kühtai, we have a ski-in, ski-out property with the added benefit of being 35 minutes from Innsbruck airport. Galtür is a very tranquil setting with great intermediate and family orientated skiing and just a free 10-minute bus ride from the glamorous Ischgl which offers duty free skiing over the border into Switzerland. Whilst the Saalbach apartments offer a 5-year guaranteed 5% net rental return as well as a ski-in, ski-out location and a myriad of golf courses for summer - all within 1 hour of Salzburg airport. Then there are a few other top Austrian resorts which we will announce in the next few weeks," says Simon Atterbury of Kristall Spaces.
Atterbury continues, "Supply is short and thanks to pent up demand from international and local investors who regard this property investment as lower risk than buy-to-let or student accommodation, we're able to sell half of our units before development starts and 100% by the time the project is complete. Right now, they're even more attractive to any UK buyer holding sterling thanks to exchange rates."
The apartments are an investment AND a source of income
The prices range from € 280.000 to € 334.500 and are fully furnished to the highest specifications with two bedrooms, two bathrooms and a large balcony and are very attractive to the rental market.
"Thanks to their location and regular visitors in summer and winter, the apartments make a hassle-free investment as we arrange reputable tour operators to manage the marketing and rental. And because they are rented out during the year, owners get a VAT rebate on the purchase price," explains Simon Atterbury.
Kristall Spaces sells ski property on behalf of its parent company VenturePlus AG, a leading real estate developer in Europe with over 20 years' experience. Together, with their partners they develop and sell more ski resort apartments in Austria than any other company and help owners achieve absolute returns of up to 15% IRR (Internal Rate of Return) on their property investments.
Kristall Spaces AG
Untere Fabrik 20
SOURCE Kristall Spaces AG