Blog

image

Buying Property in Switzerland – Some Essential Facts

Your decision to invest in property in Switzerland should be an informed one however. There could be some salient legal and regulatory factors to take note of before sealing the purchase. For instance, you must know, that right after you buy apartment in Switzerland, the Swiss Law advises you to have a will in place and have it lodged with the aid of a notary.

Remember, there are certain cantons in Switzerland which might not allow you to sell the property you buy, for the next 5 to 10 years. Therefore, if you have reselling on your mind, make sure you consider these aspects in advance.

You would also be required to factor in your property purchase costs by your buyers. These would include purchase taxes levied by the Government, fees for land registry and notary fees. The amounts and percentages for each would vary from one canton to the other. Mortgages would be offered by the Swiss Bank. However, the interest rates offered would not be lucrative enough.

When you choose to buy a chalet for sale in Switzerland, property taxes and norms pertaining to capital gains taxes would also be applicable. You need to check on these as well before considering the deal.