How much €1 million will stretch when buying a property in 11 of the top ski resorts in the Alps
Therefore, it comes as no surprise that buying property in some of the key resorts around the world comes at a premium and that €1 million (£854,000, $1.1 million) actually buys you very little.
Luxury estate agents Knight Frank revealed in its "Ski Property Report 2016" released on Monday that since ski resort "housing stock is limited (even before you take into account the Swiss rules and regulations) and new development can be expensive (given the logistics of building on mountain ridges)," investors are trying to find other places across the globe to find a holiday ski home.
But buying a ski home in the Alps is by far the most popular place on the planet. Business Insider decided to take a look at Knight Frank's assessment of how many square feet €1 million will buy you in the Alps and ranked the key resorts in descending order of square footage: