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Switzerland

FAQ

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What are the Starting prices of properties?

The average 2 bedroom apartments start at €250,000

What are the other cost's involved?

The purchase of a chalet becomes valid once the owner is registered at the Land Register. The purchase fees amount to a total of 2.5% (Notary and registration fee)
Taxes amount to about 1.3% of purchase price p.a.

Are mortgages available?

If you are considering purchasing a property in Switzerland, Swiss Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for Home Improvements

Repayment only (although 5 year Interest only Reviewable Mortgages also considered)
Minimum: £ 150,000, No Maximum (minimum Purchase Price of approx CHF450,000), but must not exceed 80% of valuation or purchase price - whichever is the lower.
Term: Maximum 35 years for loans up to 60% and maximum 30 years for loans up to 80% - up to age 70
Currency: Swiss Francs only
Current Variable Interest Rate in Swiss Francs: from 2.50%

Is there a rental market?

Swiss gross rental yields range from 3.17% to 5.28%, similar to 2007 Global Property Guide estimates

Do I need a visa?

Every traveler must have a valid passport. Visa are required for a continuous stay of more than three months. If your stay is shorter than three months you only need to bring your valid passport with you. This applies to citizens of the following countries: countries of the American Continent (except Belize, Dominican Republic, Haiti, and Peru), Europe, Japan, Australia and New Zealand.

Will I need a Lawyer?

We always highly recommend instructing lawyers with regards to property sales our local team will assist with this

What's included on the inspection visit?

Please see inspection trips link

How does the buying process work?

Once the client has chosen a chalet or apartment, the procedure is as follows:
• Complete a civil status questionnaire
• Complete a declaration of honour
• Complete a Power of Attorney which states the following:
Name and address of the purchaser Location and name of the property Number of the parking space (if applicable) Detailed selling price Schedule of payments, as a percentage of the total sale price
• Produce a copy of his/her passport, signed.
The signature on the Power of Attorney and on the copy of the passports must be legalized. (i.e. witnessed by a notary) The above documents are normally completed with our help and then forwarded to the official Swiss notary who begins the purchase procedure. Once the notary has received all the completed and signed documents, plus the deposit, he will take the following steps:
• Proceed to the signing of the deed sale
• Apply for the authorization to purchase on behalf of those who are not resident in Switzerland.The administrative time taken to obtain the authorizations is usually two or three months from the date of submission of the application. It may be slightly longer depending on the area where the property has been purchased.

Once the authorization has been received, the notary will duly record the deed of sale in the Land Register

 

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