2014 Winter Olympics bidders have overseas property investment potential for ski property buyers says RightmoveOverseas

Having submitted their detailed Olympic plans last month, preparations are underway in Sochi, located in Krasnaya Polyana district on Russia’s black sea coast, Salzburg, Austria and Korea’s PyeongChang, the first of the three cities short listed as future hosts of the 2014 Winter Olympics to receive the International Olympic Committee on February 14 for their evaluation visit prior to the IOC’s announcement of the winning bid on July 4th 2007 in Guatemala.

Property experts at RightmoveOverseas suggest overseas property buyers thinking about buying a ski property should consider ski resorts in Croatia and Bulgaria as a result of future and current EU membership predicted to boost prices. “Both destinations are steadily growing more popular with tourists and investors’ alike and potential future growth is huge,” commented RightmoveOverseas though the company incorrectly stated that Bulgaria is hoping to host the 2014 Winter Olympics, despite failing in its bid for Sofia to become a 2014 host city on June 22 last year.
The 2014 Winter Olympics will have a major impact on the future growth potential of the ski resort selected and buyers should consider this when making their investment decision especially as RightmoveOverseas reports ski holidays and winter breaks that include snow sports are on the rise with groups, couples and families which should have a positive effect on the future value of ski resort property.

Buyers worried by the prospect of buying property in an Eastern European ski resort, can still find ski property bargains in France, Italy and Austria, whose winter resorts remain popular given their wealth of infrastructure, choice and travel connectivity. Transatlantic property however more for your money though these gains should be offset against flight prices and the frequency with which you can use your place.

Location will always be top of the list of things to consider when choosing the perfect ski property investment and RightmoveOverseas recommends buying no further than 15 to 20 kilometres from local amenities. “Good transfer facilities and train links are a must together with a sound snow record. A good ski property has year round rental potential, where additional activities are available during the summer such as golf, paragliding and hiking.”

Future revenue can be increased simply by thinking about how your property future usage.” Kitchens are notorious for becoming the social hub of a household and you will need to make sure that there is plenty of space to allow for this. Breakfast bars and plenty of worktop space will be a point of sale for larger groups,” explained Justin Figgins, head of RightmoveOverseas.

He added: “To make sure your ski property stands out, consider the features it has to offer. A prominent fireplace and great views are things that will make your property memorable.”

“Ski resorts will always be a good investment, as ski holidays continue to grow in popularity with holiday makers. Due to the specialised nature of the industry, you can demand higher rental prices for your ski property and should be rewarded with early and substantial returns,” concluded Mr Figgins.