Buying a House Abroad: Switzerland

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Until recently it was not possible for foreigners to buy property in Switzerland. Recently, the regulations have relaxed somewhat. However, still second homes and holiday homes are verboten - you'll need to be a resident. Also, the houses are phenomenally expensive!

Many rich and famous celebrity people have settled in Switzerland - quite a few tennis now live in Geneva for example. Switzerland used to be outrageously expensive, but it's not so bad now.

Of course, the scenery, with all those mountains and lakes, is breathtaking. The Swiss are well known for their tolerance and neutrality. Also, their punctual trains are unrivalled. Also, the country is quadlingual - although French or German are spoken by a huge majority.

Lonely Planet Guide to Switzerland

Beautiful images of Switzerland

Ask a Professional

There are investment prospects in Switzerland, but it is essential that you seek independent expert professional advice before undertaking any property purchase. There are lots of things to bear in mind, including local laws and regulations, taxes, surveyor's assessments of the building, financial currency exchange, dealing with interbank transfers, volatity of the housing market, etc. etc. In some countries there are various restrictions on foreigners owning land or property, so this needs to be checked out fully. Any property purchase is a major undertaking.

It may seem obvious but it's well worth going on holiday to a country several times to see if you like it.

Surge in Interest

The interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money. Also, TV programmes like Channel 4's `A Place in the Sun' have made everyone realise that owning a property abroad is no longer just for the rich and famous. People are interested in purchasing a home overseas for a variety of reasons - enjoyment, investment, a new life, retirement, and more.

All links and text on this site have been provided for informational purposes - they are not recommendations.