According to Savills annual „Ski Report, which celebrates its twentieth edition this year, the American resort of Aspen has retained its position at the top of the Savills Prime Price League – the ranking of the world’s most expensive mountain properties – for the fifth consecutive year. Average asking prices for luxury residential properties there exceed €35,000 per sqm. Val d’Isère in France ranked second with prices reaching €32,500 per sqm, followed by Switzerland’s Gstaad at €30,700 per sqm, which moved up from sixth place year-on-year.
“In premium Czech mountain destinations such as Bedřichov, Harrachov, or Pec pod Sněžkou, asking prices for new-built properties are very high. For example, in Harrachov, where we have a sufficiently large data sample, the average price of apartments sized 50-90 sqm with layouts 2+kk, 2+1, 3+kk, or 3+1 reached approximately €7,200 per sqm between November 2024 and October 2025. In Špindlerův Mlýn, prices were even higher at around €7,450 per sqm,” comments Hana Kontriš, Manager of Industry Services at Seznam.cz. “Prices in these Czech locations are very high, however, compared with global markets, they are roughly on par with the Swiss ski resort of Morgins, where values reach approximately €7,500 per sqm,” adds Lenka Pechová, Senior Research Analyst at Savills.
Since the first publication of the Savills Ski Report, which does not include the Czech Republic, average prime property prices across surveyed resorts have increased by 150% over the past two decades. Switzerland remains the most stable market, with prices up 7% in the past year and 94% over twenty years. “The United States shows a more dynamic trajectory, with prices increasing by 228% over the last two decades. France, a 10% year-on-year decline, as recorded a twenty-year growth of 197%,” says Lucie Hanuš, Head of Marketing at Savills. Austria has faced headwinds, recording an 11% decline in the past year, but long-term growth remains strong, with a 95% increase over twenty years.
In terms of the ultra-prime ski property market, Aspen holds its top position in the„Savills Ultra-Prime Price League“ for the 7th consecutive year, with average asking prices reaching €68,900 per sqm. Swiss resorts account for half of the top ten. Gstaad ranks the highest, with average ultra-prime prices at €51,500 per sqm. French resorts claim a third of the ranking, with Val d’Isère as its best-performing resort, placing second overall at €52,100 per sqm followed by Courchevel 1850 at €42,600 per sqm.
Climate is changing the rules: who can hold onto the snow?
As climate variability increases, the resilience of mountain destinations is becoming ever more important. While the 2024/25 season brought above-average snowfall to some regions, others struggled with prolonged shortages. In the Savills Ski Resilience Index, Colorado’s Vail leads this year, followed by Zermatt, Val d’Isère, Aspen, and Italy’s Breuil-Cervinia. These destinations benefit from a combination of high altitude, geographic position, and an ability to maintain reliable snow conditions.
Among the biggest climbers is Mont Tremblant in Canada, which jumped 26 places to rank 17th, driven by exceptionally favourable conditions. In contrast, Swiss resorts such as Gstaad, St. Moritz and Crans Montana experienced a significant drop. Gstaad fell by as many as 35 places due to a dramatic decrease in snowfall - from 1,100 cm to just 335 cm. French resorts, on the other hand, enjoyed a strong season. Val Thorens, La Plagne and Tignes all benefited from late-season snow. Val d’Isère had an exceptionally successful year, climbing into the top three thanks to 934 cm of snowfall. “With the 2026 Olympics approaching, attention is turning to Cortina d’Ampezzo. There will be enough snow for the competitions, but the long-term outlook is less favourable,” concludes Lucie Hanuš.
Read the full report here.