Is it easy for a foreigner to buy real estate in Switzerland?
Switzerland has the law, which restricts purchase of the ground areas by foreigners-non-residents. It concerns only an inhabited real estate. For example, the foreigner can get no more than 200 sq. m of living space, and no more than 1000 sq. m of the ground area.
There are some restrictions on terms of resale: not earlier than in 5 or 10 years in order to prevent gamble in the market. There could be exception, if the proprietor will prove, that his state of health has worsened or he has got in a difficult financial situation, and that it has happened after the purchase of the real estate.
Annually Switzerland gives out about 1500 quotas - sanctions for real estate purchase by foreigners. These quotas are distributed mainly among the cantons with advanced tourism. A lot of sanctions get cantons of the French Switzerland, German Switzerland and Italian part of Switzerland. Zurich and Geneva are not in the list.
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