Swiss Government To Tighten Foreign Property Ownership
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L'accès aux logements suisses restreints pour les étrangers
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Read more: L'accès aux logements suisses restreints pour les étra
The government intends to make the purchase of principal residences by nationals of countries outside the European Union and the European Free Trade Association (EFTA) subject to authorisation, it said in a press release. If these owners move, they will have to sell their property within two years.
Foreign owners would also no longer be able to buy commercial properties and then rent them out. The aim of this is to prevent purchases made solely for investment purposes.
The federal government also intends to tighten the screws on holiday homes. The annual quotas available to the cantons for authorising purchases by foreign owners will be reduced. And sales between foreigners will once again be subject to authorisation.
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