Real estate prices are rising in Andermatt Reuss
Andermatt Swiss Alps AG has announced that it will increase property prices by five to ten percent as of January 2019, depending on the apartment and location. The reason is the increasing demand for the vacation apartments in Andermatt Reuss.
The growth in demand is in the double-digit percentage range and is due to the completion of the first stage Andermatt Reuss as well as the SkiArena Andermatt-Sedrun, informs Andermatt Swiss Alps. "With the moderate price increase, we are reacting to the massive expansion of the infrastructure in Andermatt," says Franz-Xaver Simmen, CEO of Andermatt Swiss Alps AG.
With the Andermatt-Sedrun ski area connection, the publicly accessible swimming pool with wellness and fitness in the Gotthard Residences, and the restaurants and stores around the Piazza Gottardo, the offer for guests and buyers has been massively expanded, Simmen continued. From March 2019, the concert hall with 700 seats will be added. All this justifies a price increase, he said. The interest of large investors and international vacation and travel providers shows that Andermatt is back on the tourist map. (ah)
