• Switzerland's news in English
Make the most of your Swiss residence permit: invest in property

Make the most of your Swiss residence permit: invest in property

The Local · 10 Oct 2011, 17:53

Published: 10 Oct 2011 17:53 GMT+02:00

Facebook Twitter Google+ reddit

Your Swiss residence permit doesn’t only give you the right to live in Switzerland - it also gives you the chance to buy investment properties usually unavailable to foreigners. 

Buying a chalet in many of Switzerland’s most famous resorts is banned for most non-residents of Switzerland - and lots of other areas have strict limits on foreign purchasers. But if you live in Switzerland on a B or C permit then you have a unique opportunity to buy a ski chalet which would not usually be authorised for sale to a foreigner. 


You could buy in a resort such as Verbier, Saas Fee and Zermatt which are virtually closed to non-residents and as a Swiss resident you would have a wider choice of property in Wengen, where only 50 percent of new properties are authorised for sale to foreigners.


Where should I buy?


Investors in Property has specialised in selling ski chalets and apartments in Switzerland for over 25 years. If you are looking for value for money and a large ski area then Managing Director Simon Malster recommends the resorts which link into the Verbier ski area such as Nendaz, Veysonnaz, and Les Collons. Less than two hours from Geneva and a little more from Zurich access is very easy and these snow-sure resorts are very reasonably priced considering they are in the largest ski area in Switzerland.


Investors in Property are selling new three bedroom chalets in the Pieds des Pistes in Les Collons just 150m from the chairlift for 675,000 francs and in Les Hauts de Pracondu on the ski slopes above the resort of Nendaz for 870,000 francs.


So what should you look for when buying a ski apartment?


“Clients always want three things” says Malster. “Their priority is to be ski in, ski out (or near the ski lift), walking distance to shops and restaurants, and third to have a good view. It is difficult and often expensive to have all three but when we get a development which has all three we know it will be a good seller.”


Chalet Ski Heaven is on the main street of Veysonnaz and within easy walking distance of the ski lift. Just fourteen apartments will share a deluxe spa with sauna and a Jacuzzi. Construction will start in autumn with completion for December 2012. Prices range from about 550,000 francs for a two-bedroom apartment to 1.4m francs for a four bedroom penthouse. The convenient location has already proved to be popular, with four apartments sold off-plan to Swiss buyers.


Investors in Property also have deluxe five bedroom luxury ski in, ski out chalets on the slopes above Veysonnaz and in Les Collons priced from around 2m francs.


Swiss residents buying in Canton Valais have a great advantage as they can buy immediately, whereas non-residents may have to wait for up to a year to be allocated a foreigner purchase permit. The purchase costs and on-going taxes and maintenance charges in Canton Valais are one of the cheapest in Switzerland.


Which resorts are convenient for weekend and summer use?


Villars is so easily accessible that it has become one of the most popular choices for a second home for those living in Geneva. It is a wonderful all year round resort and Investors in Property have a huge range of property available starting at around 300,000 francs for a one bedroom apartment to several million for a luxury chalet.


Engelberg is a good choice for those living in Zurich or Zug as it has a very long season with glacier skiing and a golf course for summer. 


The Titlis Resort is a new development of 100 apartments just 200m from the lift and a short stroll to the centre. Foreigners are required to make their apartments available to rent but Swiss residents may buy as second homes without any rental obligation. This gives B and C permit holders the possibility to use the apartment whenever they wish but they may also take advantage of a full management and rental service if they wish. The Titlis Resort will have a magnificent wellness spa and there is a good range of spacious apartments from one to three bedrooms.


Is it a good time to buy?


“Swiss banks will lend up to 70% of the purchase price and with interest rates at their lowest level for decades now is definitely a good time” says Malster. If you want to rent your apartment or chalet out when you are not using it then it will easily cover the outgoings.

For further information contact:
Simon Malster
Tel +44 208 9055511


Related links:

The Local (news@thelocal.ch)

Facebook Twitter Google+ reddit

Today's headlines
Villagers asked to help fund bridge renovations
The bridge links the two villages of Veltheim (pictured) and Holderbank. Photo: Lutz Fischer-Lamprecht

The crowdfunding campaign by the two communes is the first of its kind in Switzerland.

Police discover body buried in Orbe house
File photo: Bas Leenders

Police have opened an investigation after finding a body buried in a house in Orbe, in the canton of Vaud, on Saturday.

Valais shaken by 4.2 magnitude earthquake
The earthquake hit in the canton of Valais near Sierre. Photo: Alain Rouiller

It's the biggest earthquake to hit the country for two years.

Swiss Indoors kicks off without champ Federer
Federer celebrates with ball girls and boys after winning the event in 2015. Photo: Harold Cunningham/Pool/AFP

Stan Wawrinka is top seed as injured Federer sits it out.

IOC hires Russian doping whistleblower as consultant
IOC President Thomas Bach confirmed the news. File photo: Fabrice Coffrini/AFP

The International Olympic Committee (IOC) has hired Vitaly Stepanov as a consultant and is helping his runner wife Yuliya.

‘Scary clown’ craze hits streets of Zurich
Photo: Pedro Pardo/AFP

Police in Zurich have warned so-called ‘scary clowns’ that they could face charges, following a number of incidents in the city.

VIDEO: driver chases runaway car on Swiss motorway
Image: Neuchâtel police

Shocking footage shows the moment a man dodged lorries to chase after his runaway car on a Swiss motorway.

Saas-Fee crowdfunds low-cost season ski pass
Saas-Fee is hoping to attract 99,999 season pass holders. Photo: Denis Emery/Photo-genic.ch

Skiers could get their hands on a whole season pass for just 222 francs ($223) in the Swiss resort of Saas Fee this winter – if enough people want one.

Swiss billionaire fined for dodging import tax
Urs Schwarzenbach owns the luxury Dolder Grand hotel in Zurich. Photo: Wilhem Rosenkranz

Urs Schwarzenbach faces a $4 million fine for failing to properly declare some 200 artworks imported into Switzerland.

Muslim woman wins headscarf court battle
Photo: Jack Guez / AFP

A Swiss court has ruled against a company that fired a longtime employee after she began wearing the Muslim headscarf.

Photo: Richard Juilliard/AFP
Man makes Geneva airport bomb threat ‘for a joke’
Sponsored Article
Last chance to vote absentee in the US elections
Photo: AFP
Solar Impulse team reveals plans for unmanned plane
File photo: Martin Abegglen
Swiss to vote on passport rules for 3rd gen foreigners
Photo: AFP
Swiss wingsuit hotspot Lauterbrunnen won’t impose ban
Photo: Swiss Tourism
Six reasons Switzerland isn’t as boring as you might think
Photo: Swiss Tourism
Report: Switzerland one of world’s best places for girls
Photo: The Local
Thief returns Swiss cow bells worth thousands
File photo: Wikimedia Commons
One in three rapists isn’t locked up: statistics
Photo: activistin.ch
Tampon-tax protest turns Zurich fountains red
Photo: AFP
Geneva police to lift ban on bearded officers
Photo: Marcel Gillieron/AFP
Suicide chef’s restaurant keeps Michelin stars
Photo: Lara de Salis
11 things the Swiss get tired of hearing abroad
Photo:  Ivo Scholz/Swiss-image.ch
Survey: expats in Switzerland have money but few friends
Photo: AFP
Swiss press criticize Bern’s 'capitulation' on immigration
Photo: Jura Trois Lacs tourism
German ex-policeman is Swiss city’s new hermit
Photo: Dmitry A. Mottl
Ticino votes to favour local workers over foreigners
Photo: file
Some deodorants could cause breast cancer: Swiss study
Photo: Royal Savoy
In pictures: Inside the latest Swiss luxury hotel
Photo: AFP
Geneva airport bomb hoaxer faces 90,000-franc bill
Photo: Schaffhausen police
Mother leaves toddler son alone in car to go clubbing
Photo: Fabrice Coffrini/AFP
Swiss populist attacked by knife-wielding pensioner
jobs available