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Buying a house to ski: a risky sport that can double the average price

Date: February 29, 2024 Time: 15:39:19

The Constitution Bridge is, for many, the start date of the winter sports season. Throughout the national geography, Spain has great offers to practice them, whether in the Sierra Nevada or the Huesca Pyrenees. However, in addition to the risks inherent to practicing sports in the mountains, to be able to ski, another determining factor must be added: the price of accommodation. In these areas, the cost of land can multiply by almost three times the average price of a home, or up to four times in the case of rentals, according to the latest report prepared by the housing portal Fotocasas.

Prices are very different depending on the area, but there is one destination that is, by far, the most exclusive: Andorra. Three stations located in the Principality, those of Ordino Arcalís, Vallnord Pal Arinsal and Granvalira, lead the ranking of average prices, both for apartments and houses, exceeding 4,600 euros per square meter (euros/m2) and even 4,700 in the Case of Ordino Arcalís. Compared to these prices in the high peaks, in the rest of the territory the average price until October has been 2,051 euros/m2, according to Fotocasas.

Fotocasa indicates that in these three locations within Andorra, an average house sells for a price of around two million euros (1.95 million) and the average apartments are close to 1.76 million euros.

On the other hand, the rise stations are located in national territory. In the ski resorts of Boi Taüll (Lérida), Baqueira Beret (Lérida) and La Masella (Gerona) the land valuation has increased by almost 22%, 15.5% and 14.6%, respectively. In this sense, the price per square meter in these places reaches 1,428.20 euros and 3,578 euros on the two slopes in Lérida and 2,725 euros in Girona.

However, there are also destinations that can combine winter sports and enormous land prices. In Manzaneda (Ourense) or Javalambre (Teruel) prices are around 500 euros/m2 and, in addition, they are also the destinations where land has become cheaper in the last year. In the case of the Galician station, the price has dropped from 587 euros/m2 in 2022 to 494 euros/m2 in 2023, a drop of 15%. In Teruel the drop has been more pronounced, 19%, going from a price of 669 euros/m2 to 537 euros/m2 this year.

A typical house in these areas does not exceed 100,000 euros, according to the housing portal. In the case of Manzaneda, the model price of the houses is 93,390 euros and 70,459, in the case of apartments. In Teruel, a home can be bought for an average of 88,000 euros and an apartment for 57,500 euros.

Rentals

Another option that requires less capital to enjoy the snow is renting. In this sense, the ski resort of Baqueira Beret (Lérida) is once again positioned as the resort with the highest price, with an average value of the apartments of 38.61 euros/m2, which represents an increase of almost 9%. compared to the previous season and four times more than the average rental price in Spain in October, prepared by Fotocasa, of 11.23 euros/m2.

They are followed by ski resorts located in Andorra, such as Vallnord-Pal Arinsal, Ordino Arcalís and Grandvalira, which offer rental apartments at a price of around 22 euros/m2 in the case of apartments, while the value of houses It is around 13 euros/m2.

Among the cheapest ski resorts to rent housing are the Sierra de Béjar-La Covatilla ski resorts (Salamanca), with an average price of 4.94 euros/m2 for apartments; and Sierra Nevada (Granada), with an average house price of 6.34 euros/m2. It is followed by the stations of Puerto de Navacerrada (Madrid), where the value of the houses is 8.31 euros/m2, and Valdesquí (Madrid), with a price of the houses of 6.34 euros/m2.

second home

Beyond the anecdotal, the real estate portal points out that interest in second homes continues to gain strength, which has been driven by a period of economic uncertainty where Fotocasa analysts estimate that investment in brick as a refuge value “has more Prominence than ever.”

María Matos, Director of Studies and Spokesperson for Fotocasa, states that by 2023 the demand for second homes will reach its highest levels since 2017, reaching 12% of the total number of applicants who have been active during the last 12 months, “what has become in an increase in prices0”, he highlights.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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