January 23, 2025|
AI
|11 months agoSwiss Alps Face Transformation as Real Estate Developers Pour in Billions
Massive tourist complexes and development projects worth hundreds of millions reshape Alpine landscapes, sparking debate over preservation versus progress.
AI
Generated IllustrationKey Takeaways
AI
- Egyptian billionaire Samih Sawiris has invested over CHF 1.5 billion in Andermatt over the last 20 years.
- The San Bernardino project investment estimate has risen from CHF 300 million to nearly half a billion francs.
- A new holiday complex in Obergoms, Valais, requires an investment of CHF 100 million.
- San Bernardino's ski slopes reopened two years ago after being closed for a decade.
By The Numbers
CHF 1.5 billion
Total Investment
CHF 500 million
Projected Cost
130
Rental Flats
650
Luxury Flats
They Said
"Such investments are only viable if you invest a lot. If you don’t have the supply and the warm beds, you can’t finance such a project."
"We initially calculated the project at CHF 300 million, but we’ll be closer to half a billion."