Swiss Property is a Safe Bet for Investors

by swisscham in Business

Demand for stable and secure Swiss real estate remains strong. Switzerland’s property market is doing well, and the government wants to keep it that way. For years, Switzerland has restricted opportunities for holiday home ownership by non-residents in certain popular resort areas. Tax changes are also in the wind, which could see the present arrangement so popular with wealthy families end in 2015. This introduced “some uncertainty” to the Swiss property market last year. Yet the research suggests that despite these changes, the market should hold firm, especially in the luxury sector. The property market is still performing well despite all the legislation changes and a more cautious banking environment. For this reason, it will continue to encourage interest from global buyers. Olivier Croonenberghs, partner at Swiss Finance & Property, says The Chedi Andermatt, a five-star hotel and residential development under construction in the alpine hamlet of Andermatt, is one such target. Noting that Swiss tourism arrivals from China have jumped by 50% in the past three years (and 20% from across Asia), the development recently had its global debut in Asia, with previews in Hong Kong and Singapore.

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