The lure of living beside Europe’s great lakes
August, there are pop-up bars and bands around the lakefront, with firework displays,” says Giles Gale of Mark Warner Property. “Tourism figures for summer are not far behind those for the winter ski season, so property owners can benefit from dual-season rental income.”
For those that might want a yearround base right on the lake, there are flats in the Residence Bellevue, in Thumersbach. Two-bedroom furnished apartments in the popular, contemporary styled development start from €532,500 (£474,000), with stunning views across the lake towards the Kitzsteinhorn glacier and on to Zell am See, which is on the other bank. Second line to the lake, the development has a wellness areas as well as access to hotel facilities next door.
If you wish to be just five minutes away from the chair lift, you can find a large two-bedroom duplex apartment in a new development in Schuttdorf, for €580,000 through Mark Warner. The flat is in the Lakeside Glockner Residences, a refurbished former hotel. Owners at the development have access to a shared swimming pool, wellness facilities and a bar and restaurant. “There’s a rental management scheme in place and there are projected net yields of 6 per cent for owners, following completion in December,” adds Gale.
He advises that location is everything: prices on this side of the water in Thumersbach – opposite the town – are around 50 per cent lower, meaning you can find bargains on the same pristine lake. In northern Italy’s Lake Como, for example, prices are higher on the sunnier, western side of the lake – home to George Clooney, among others – and at the southern end where there are more amenities and better access to Milan.
The so-called “golden triangle”, the
A house on Lake Como, €23m with Engel & Völkers, main and below