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Global warming threatens ski property market

If scientists are correct, Austria might see the most spectacular change; its snowline will rise a startling 300 metres by 2050. The French Snow Research Centre says a 1.8C rise in temperature will shorten France’s snow cover above 1500 metres from 170 days to 135. Switzerland’s Association of Winter Sports Resorts says its annual season has been cut by 12 days, just since 1995.

The newspaper said that between 2004 and 2007, around 70% of all flats and chalets sold in one large resort in the French Alps were bought by Britons – and dozens of British estate agents market ski properties in Europe and North America.

Ski towns are now trying to ensure that they are "year round" to attract visitors in the summer also.

"We’re witnessing an increase of demand for property in European year-round resorts such as Morzine, Les Gets, Chamonix, Serre Chevalier and Deux Alpes," a spokeswoman for the British specialist ski estate agency, Erna Low Property told The Guardian.

Click here to read full report in The Guardian.

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