Switzerland: It is difficult for foreign investors to buy a home in St Moritz

Buying a house in Switzerland is not simple for overseas buyers, as Keller Law establishes that only a limited amount of dwellings can be sold to foreigners.

The Parliament is considering abolishing the law to liberalize the property market, since foreign tourists are well-liked and cuddled. The abolition of the restrictive law on real estate property ownership will make prices soar, since the demand is four times as high as supply.

Furthermore, new rules have been introduced recently to limit the building of new constructions. This will make prices rise even more dramatically. The international demand is driven by American, Russian, Indian, Arab and European investors.

50 new dwellings are being built in St Moritz. According to the law, one third of the apartments built in every residential building must be used as primary residence of resident workers; one third must be destined to holiday homes for Swiss and foreign citizens residing in Switzerland; one third can be sold to overseas investors who want to use it as their holiday home. In this case the purchase is immediate, as it takes place after having obtained the permission of the Canton involved.

Selling to foreign buyers is worthwhile for builders, as they can sell apartments at a higher price to them. Prices are controlled only for properties purchased by resident workers.

A newly-built dwelling in Zuoz – an appealing ski resort that hosts also a golf course – costs 14 thousand Swiss francs per square metre approximately, which means less than 10 thousand euros per sqm.

In St Moritz there are highly-finished buildings located in wonderful locations. The price of these luxury homes can even reach 50 thousand Swiss francs per square metre.

Property owners in St Moritz usually do not rent their homes when they do not use them, as the quality of their properties is so high they do not want to run the risk of having their homes ruined.

Taxes are low. They amount to 2.3% of the final sale price.

The resale of properties is very difficult in Switzerland. A foreign citizen can sell his/her home to another overseas buyer only proving there is not any Swiss buyer interested in purchasing it.

Search property for sale:

Real Estate Listings

Cod. 31713

For sale 3 Bedrooms, Switzerland, Vallese, Crans Montana, Rue pas de l'ours

446,920.00USD
For sale
3 Bedrooms

100 m²
Nice flat in the city centre.
Cod. 31544

For sale 3 Bedrooms, Switzerland, Ticino, Lugano, Via Sangottardo 26A

558,650.00USD
For sale
3 Bedrooms

100 m²
Composed apartment: kitchen entrance hall corridor two bathroom rooms three basement balconies and free living space immediately
Cod. 31458

For sale 5+ Bedrooms, Switzerland, Ginevra, Geneva, Rue des Bains

2,178,735.00USD
For sale
5+ Bedrooms

240 m²
5 bedroom house for sale Key features: • guest apartment • laundry room • open fireplace • private garden • terraces • flat • lands...
Cod. 31085

For sale 1 Bedroom, Switzerland, Grigioni, San Bernardino, Curil

154,451.20USD
For sale
1 Bedroom

30 m²
Studio Apartment in San Bernardino Switzerland - only about 1 hour Motorway from Milan Varese Como - Placed south in a building of 2000 - only 600 met...
1 / 11
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB