Your Guide to Buying Swiss Alpine Property
It is understandable that there are many people all over the world who would love to own a Swiss Alpine Property. This area is considered to be the best in the world due to the beautiful landscapes and also because of the associated status symbol. However, you should consider some of the following prior to investing in a property.
Costs and tax
Switzerland is most famous for its banks and when you plan to buy a property you can rest assured that they will be available to finance your needs. Most of the banks will finance up to 75% of the cost of the property and also charge lower interest rates as compared to most of Europe.
The cost of the property also includes the notary fees, fees for land registry and purchase taxes levied by the government. These normally do not exceed about 3-4% of the total cost of the Swiss Alpine Property.
Another 0.6% to 1.2% of the purchase price has to be spent annually for building insurance, caring for gardens, administration, water, gas, heating, electricity and other minor things.
The process
The purchase is controlled by a person known as a Notaire, who represents the state. Firstly the buyer has to complete a personal status questionnaire and hand it over to the Notaire. Then a sales agreement is signed with details of the vendor, your details, passport copy, sale price and the conditions of payment.
Now the process starts and the administrative part can take up to 4 months, during which, authority to purchase is obtained from different authorities. A similar process needs to be followed if you want to sell the property you have bought earlier.
Payment conditions
Usually 15% of the payment has to be made initially and another 15% when the foundation of the property is laid. A further 30% has to be paid when the roof is laid and 30% more when the plasterwork is completed. The last 10% is payable either 10 days before all the work is completed or on handing over of the keys.
In case of a resale, the first 15% is paid on reservation and the remaining 85% needs to be paid when the final deed is signed. These terms vary from one canton to another but are more or less very similar.
Legal issues
Only a certain number of non residents are allowed to purchase property in Switzerland every year. However, a Swiss national can purchase the property on your behalf.
A number of people prefer these properties, as they want to use have accommodation available at certain times of the year. Since a lot of tourists visit Switzerland due to its natural beauty and magnificent ski slopes, it seems a better idea to just buy a property so that you do not have to look for hotels every year. Whether you just want to come to the country to relax, or you want to utilise the ski slopes in winter, it is a great idea to invest in property, as your investment will grow and at the same time, you will be saving money on hotel stays.
About the Author:
Swiss Alpine Property is a dream for most people but Hartmann Singleton can make that dream become a reality. If you would like more information on how to make this come true please visit the website at http://www.hartmannsingleton.com/
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