Champagne-fuelled après-ski parties, design-forward chalet hotels, future-facing wellness programmes, and even winter-specific biohacking experiences illustrate how the alpine offering has evolved to meet the expectations of an increasingly discerning clientele. Which raises the question: where, exactly, is the most expensive ski resort in the world?
To answer, it helps to look at the property market, a clear barometer of how desire is playing out on the ground, or rather, the slopes. In leading resorts across Europe, North America, and Asia, prime residential prices have climbed sharply, rising by around 150% over the past twenty years, with experts suggesting mountain homes are now not only seen as winter bases, but as long-term lifestyle and investment anchors within wider property portfolios.
Savills’ annual Ski Report, now in its twentieth edition, maps these shifts through its Prime Price League, which ranks global resorts by average asking price per square meter. Below, we break down the five destinations that sit at the very top of the table, and, in doing so, reveal which ski resort holds the title of the world’s most expensive today.
The most expensive ski resorts across the globe
Aspen, USA, €35,100 per sq m (approx. $3,790 per sq ft)
Aspen has held the title of the world’s most expensive ski resort for the fifth consecutive year. Prime homes now reach €35,100 per sq m (approx. $3,784 per sq ft) in 2025, while ultra-prime properties can fetch €68,900 per sq m (approx. $7,449 per sq ft).
Aspen’s price resilience stems from the exclusivity and limited supply in the region. Strict zoning, tight development controls, and low-density planning keep inventory constrained. Just two decades ago, the top end of the market hovered around €10,900 per sq m (approx. $1,178 per sq ft), illustrating how scarcity and long-term demand from domestic and international buyers have pushed prices into a league of their own.
The region’s infrastructure also caters to the global elite, as a hub for private aviation with multiple five-star hotels, a strong dining scene, and established concierge-style services. The area delivers on every hallmark of a luxury ski resort, with four mountains of varied terrain and a varied year-round cultural calendar that includes the Aspen Music Festival and the Food & Wine Classic.
The roster of homeowners reflects its global appeal. Jeff Bezos owns a property in Red Mountain, joined by Roman Abramovich, Michael Dell, and Bill Koch, who listed his Aspen estate this year for $125 million. In August 2025, Little Lake Lodge, a 74-acre estate, made headlines as one of the most expensive homes ever listed in the US at $300 million.
Val d’Isère, France, €32,500 per sq m (approx. $2,594 per sq ft)
Val d’Isère ranks as the second most expensive ski resort in the world and remains the most expensive ski resort in France. While a famed luxury alpine resort, known for its apres-ski culture, the area’s appeal is also grounded in its reliability.
In an era of climate uncertainty, altitude and glacial terrain matter, and Val d’Isère has both. Val d’Isère benefits from 10,000 hectares of skiable terrain with 60% of the area’s pistes sitting at above 7,200 feet, ensuring consistently cold conditions that safeguards snowpack. Last season underscored this resilience. High-altitude French resorts performed strongly, but Val d’Isère stood out with 368 inches of snowfall, boosted by some of the heaviest April storms in recent memory.
On the slopes, the resort offers everything from the famous La Face black run to technical tree lines and open powder fields. Off the slopes, the village, with roots dating back to 1664, offers more historical depth than many purpose-built high-altitude resorts, with aesthetically pleasing and globally appealing classic chalet architecture.
See more: Six Senses Crans-Montana: A Bond-Worthy Slopeside Escape
Gstaad, Switzerland, €30,700 per sq m (approx. $3,315 per sq ft)
Gstaad, Switzerland’s most expensive ski resort, ranks third globally with average asking prices of €30,700 per sq m (approx. $3,316.79 per sq ft). The alpine area’s appeal is multifaceted, with around 120 miles of ski terrain, Michelin-starred dining, elite private schools, and a car-free village centre that maintains the destination’s historic, peaceful feel.
In areas such as Oberbort, ultra-prime homes exceed €51,500 per sq m (approx. $5,563.49 per sq ft), placing Gstaad firmly among Europe’s most valuable residential markets. The understated nature of wealth here, where anonymity is easy and paparazzi are rare, adds to its status as a preferred long-term base for UHNWIs.
Development is also tightly restricted to preserve architectural integrity, and transaction volumes remain consistently low. Properties often remain in families for generations, held through private offices or trusts.
St Moritz, €30,300 per sq m (approx. $3,271 per sq ft)
Coming in at the fourth most expensive ski resort in the world, St Moritz is also ranked third in Savills’ most attractive ski resorts to HNWIs. The hilltop town is globally known to be one of the most exclusive ski resorts in the world, where discretion is prioritized over brash displays of wealth, and visitors often hold strong family ties to the region.
Aside from world-class skiing, St. Moritz offers a bumper schedule of ultra-exclusive winter sporting events, including the Snow Polo World Cup on the frozen lake, White Turf Races, Cricket on Ice, and the Cresta Run, an exclusive bobsledding event.
There are also plenty of opportunities for high-end shopping, with one of the world’s highest elevation luxury shopping streets, Via Serlas, that hosts the boutiques of Bulgari, Cartier, Dior, Gucci, Loro Piana, and Louis Vuitton, to name a few.
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Courchevel 1850, €30,100 per sq m (approx. $3,250 per sq ft)
French resorts make up a third of the Savills Ultra-Prime Price league, and following closely behind Val D’Isere is Courchevel 1850, the crown jewel of the larger Courchevel resort. The highest village in Courchevel, and also the largest, this is one of the creme de la creme resorts of the French Alps, with a rich array of designer boutiques, gourmet restaurants, and après ski bars – a rich destination for skiers and non-skiers alike.