What do I need to know when buying property in Switzerland?
When we asked expats what advice they would give a foreigner before buying a property in Switzerland, they said...
"1. You need to be aware that completing a purchase of real estate in Switzerland involves a complex process that includes registration at a country register office in each canton in which the property is located. 2. It is important to obtain accurate legal and financial advice from a lawyer and an accountant before proceeding with the purchase. 3. You will require a valid residence permit to buy in Switzerland and foreigners may need to obtain additional permits. 4. Taxes and fees related to property purchases vary according to canton and municipality, so it is important to obtain pricing figures before making a purchase. 5. The mortgage process in Switzerland is very different to that in many other countries and is based on Swiss laws, rather than the lender assessing the borrower’s creditworthiness. Only Swiss banks or lenders supervised by FINMA can provide mortgages in Switzerland. 6. It is possible to rent out Swiss property so long as the landlord complies with local regulations that may limit occupancy and the amount of rent that can be charged," said a member in Switzerland.
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It's impossible to confuse citizenM with any other hotel. We don't look or sound like anyone else. Bold, vibrant, and artistic - that's us. Our rooms cater to modern travelers - enormous ultra-comfortable beds, unlimited free Wi-Fi and 24/7 food and drinks always waiting at canteenM. And best of all, our ambassadors are every guest's best friend.
CitizenMIt's impossible to confuse citizenM with any other hotel. We don't look or sound like anyone else. Bold, vibrant, and artistic - that's us. Our rooms cater to modern travelers - enormous ultra-comfortable beds, unlimited free Wi-Fi and 24/7 food and drinks always waiting at canteenM. And best of all, our ambassadors are every guest's best friend.
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Other Questions:
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- Is there a lot of crime in Switzerland?
- Is there a lot of diversity? Are people in Switzerland accepting of differences?
- What are the schools in Switzerland like?
- Is the cost of living in Switzerland high?
- What advice do you have for expats having a baby in Switzerland?
- What are healthcare services like in Switzerland?
- Is the cost of living in Switzerland high?
- What type of recreational facilities are in Switzerland?
- What is the weather like in Switzerland?
- Are there good restaurants in Switzerland?
- Where will I buy groceries and do other shopping in Switzerland?
- What are the visa & residency requirements in Switzerland?
- Are healthcare and health insurance expensive in Switzerland?
- What do I need to know when buying property in Switzerland?
- Are foreigners allowed to own property in Switzerland?
- What appliances are typically included in a rental?
What do I need to know when buying property in Switzerland?
If you live in Switzerland, newcomers to Switzerland would love to hear your answer to this question:
About the Author
Betsy Burlingame is one of the founders of InternationalTravel.ai and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and InternationalTravel.ai, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.