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Swiss Law Changes: How do they affect second home owners?

Tuesday, March 13, 2012


Following a referendum, the Swiss inhabitants have voted to limit the number of second homes to 20% of the properties in each communes (towns/villages).

This was targeted to and affects particularly the Ski Resorts and means that in most of them there won't be any new developments to be build in the future. The intention is to keep the character and charm of Swiss ski resorts and minimise the impact of construction on the country's beauty.

It means that the property market will certainly hold or see the value of properties increase in these ski resorts and as the resale market will be the only one to select from.

As this will come into effect in January 2013, there are still some new builds opportunities to snatch in 2012.

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