Andermatt tops price rankings for European Alpine destinations, bolstered by international buyers: Knight Frank
The Lex Weber, enacted in 2012, reduces the share of additional or holiday homes in Swiss areas to 20% of the standing housing supply. Numerous resorts have actually already hit the restriction, properly outlawing new-build second homes, the report includes.
According to the report, Andermatt’s strong efficiency is underpinned by its exception from Switzerland’s Lex Koller and Lex Weber legislations. The Lex Koller regulates international possession by permitting non-residents to only purchase holiday homes within assigned tourist zones, with a maximum space of 2,152.78 sq ft.
This is significantly greater than the market norm of 3.3%, and exceeds other famous alpine spots like Switzerland’s Davos (10.5%) and Italy’s Cortina (10%). Knight Frank includes that on average, Swiss Alpine markets registered 5% yearly growth, outshining the 1.2% average progress for French markets.
As Andermatt is excluded from these legislations, it is one of the few prime Alpine destinations where immigrants can acquire and resell real property freely. Knight Frank’s report notes particular attraction among United States purchasers for Andermatt properties.
Nevertheless, interest is also growing from Asian buyers. Maureen Yeo, regional director of Asia for real estate property developer Andermatt Swiss Alps, claims inquiries from Hong Kong and Singapore customers have actually risen around 20% in the past year. She includes that buyers seeking stability, asset maintenance and a currency hedge are attracted to Andermatt, where they have the possibility to get a freehold, Swiss-Franc-denominated possession.
Inevitably, alpine homes have actually ended up being “durable, year-round resorts integrating lifestyle, security and solid financial investment performance”, the record adds. As interest remains to grow, the Alpine market is expected to see further activity in the coming years, supported by the 2026 Winter Olympics that will be kept in Italy’s Milano Cortina, in addition to evolving policies and climbing summer need.
More generally, Knight Frank’s report presents Alpine real estate markets are progressing beyond their standard role as seasonal getaways. Instead, even more clients are seeing it as a year-round location, supported by remote work fads, an increase in summer tourism, and more way of life offerings and facilities available throughout the year. A survey amongst high-net-worth individuals (HNWIs) by Knight Frank identified that 73% would consider dwelling permanent in the Alps.
Switzerland’s Andermatt has become the top-performing alpine spot in Europe, according to the 2026 Knight Frank Alpine Property Report. The village in the Swiss Alps saw the top annual growth in top property rates since June this year, at 14.6%.
