Andermatt’s newest apartment building Altera features twelve luxury residences
Andermatt Swiss Alps is the hottest destination in Switzerland right now. The sustainable ski/golf/mountain living resort in the mountains in the centre of the country achieved record property sales last year and that?s set to increase with the recent launch of two more luxury apartment buildings. Buy while you can?
A recently published report revealed that Andermatt Swiss Alps made a total of CHF 76.9 million in 2020 from its property sales, an increase of approximately 25% from 2019 and the highest figure in the resort’s history.
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While the pandemic continues to have devastating impacts on global tourism, the demand for Andermatt’s luxury alpine residential properties has continued to rise. The majority of apartments in the Frame and Alma buildings, which launched in the summer of 2020, were sold out within several weeks, and there are only a few residences left in the resort’s newest buildings, Koya and Altera, which launched in March. The open-plan living room in one Altera’s apartments
The interest is partly due to the rare investment opportunity (it’s difficult for foreigners to be able to buy apartments Switzerland), but also thanks to the resort’s development as a thriving year-round destination.
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Since the start of the project in 2007...