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Potential in Switzerland Property investors as well as families looking for a second home, all love ski resorts particularly if they offer dual season status like the Swiss Alps. New build and developer renovated ski property, now rank in the top three high yield real estate markets and demand is very much on the up for these properties in Switzerland. Recent changes to the property law here have prompted Buyers to take a closer look at this Country’s opportunities and our constructors are the busiest they have ever been. With space limitations and building freezes in some locations, good plots of land in the Swiss Alps are becoming scarcer and scarcer. This in turn is driving property prices up markedly giving healthy Capital Growth and even better return on your investment!
Rental Potential in Switzerland Rentals are very lucrative in all resorts making them great Investment opportunities. The finished construction of all apartments and chalets by our developers and builders offer a minimum 4* quality rating with the local rental agencies such as Interhome. With a shortage of these top end properties demand is high and returns are very good.. A 4 star, three bedroom 120m2 apartment in resorts like Haute Nendaz will attract gross rental incomes of approximately £1250 per week in high season. As Swiss resorts are Dual Season, your not just reliant on the winter visitors. The Swiss are now returning to the mountains to holiday in the Summer and the Swiss Tourist Board is actively marketing outside their borders leading to demand for property through July and August showing steady growth. In some instances, guaranteed rental schemes are offered over a period such as Le Hameau de Nendaz, which is currently offering 4% over 15 years. Mortgages in Switzerland Mortgage interest rates are very favourable in Switzerland and considerably lower than the UK. The variable floating rate is currently running at 3.5% . Up to 75% mortgages can be obtained in some circumstances though 65% is the norm. We would very happily introduce you to the Bank we have used, to discuss your required level of borrowing. Please note we do not charge any brokerage service or get any commission for this introduction. This is merely part of the service we offer having gone through the process ourselves and now know the Director of the Bank. In some projects like Le Hameau de Nendaz, 80% mortgages have been agreed with one of the local Sion Banks for those wishing to purchase one of these apartments subject to circumstances. Investment in the Resorts Many of the major ski resorts are currently investing annually large sums of money to improve, lifts, access, snow cannons and infrastructure to make them highly efficient and modern playgrounds drawing those looking to rent a place for their holiday. In the 4 Valleys, Tele– Verbier’s purchase of 1/3 share in Tele—Thyon (Les Collons lift company) last year, has now seen the announcement of the first lift upgrade, while Tele Nendaz is preparing to upgrade two lifts in this next phase Haute Nendaz once a quiet sleepy resort where the Swiss come to ski is now the 5th most popular destination in Valais behind Zermatt, Verbier, Crans Montana, Saas Fe, With ithe Commune’s 40 million CHF investment plan over the next 5 years to build a new indoor leisure centre with swimming pool, pedestrianisation, improved roads and bus routes will only continue to fuel this resorts popularity and drive prices further upwards. Sion Airport Currently undergoing huge investment of its Satelite Navigation Landing Systems due for completion in 2009, Sion Airports winter service of chartered flights is widely expected to grow with the Sion Newspaper reporting in August 2006, Ryan Air having expressed an interest of flying to Sion to be discussed when works have been finished.
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The Investment Potential |
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