US ski resorts see millions wiped off the price of property as investors turn away for the winter ex

[Nicholas Wallwork]

Huge price reductions are being seen on luxury ski properties in the US as the usual rush of*seasonal interest has failed to materialise.

Both ski homes and condos in popular resort areas from Stowe in Vermont to Aspen, Colorado, are*being reduced in price as owners and developers try to get sales moving. Agents are reporting*falling prices and sluggish sales.

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[Prop-erty]

Interesting. Is this turning away from the winter experience or from luxury investments? Is there a similar thing with summer luxury investments?