Those with a few million dollars to spare should consider investing in luxury ski chalets, for which prices have risen by nearly 6 percent over thelast year, according to a new report from international estate agencyKnight Frank.

Knight Frank’s annual Prime Ski Property Index,which tracks prices across 20 of the world’stop resorts, increased by 5.9 percent in the year to June 2014. This was led by North America, where luxury ski home prices rose by 13.3 percent, far higher than Europe’s average growth of 1.0 percent.

Queenstown, New Zealand