subject: Your Guide To Buying Property In Switzerland [print this page] In general, when people think about a list of properties to reside or invest in, they think of a simple list of requirements for easy living. Among these requirements are things like excellent weather, beach access, convenient travel, comfortable and relaxed lifestyle, inexpensive property, and cheap cost of living. In consideration of the recent global economic climate, this has come to include factors like green credentials, appreciation of capital, and yield of rental.
One place that people tend to ignore is Switzerland, but surprisingly, it is actually a solution to the things mentioned above. First of all, this country is stable financially. It also has the famous scenery of the Alps, delectable cuisine, and a rich lifestyle, which is centred on family. In terms of accessibility, Switzerland is also on top of the game. It is easy to reach and actually acts as a hub for several European airlines. In addition, fast trains as well as excellent roads for vehicles are present. This country boasts of the some of the cleanest air and natural water supplies in the whole of Europe. This even makes it a perfect place for a holiday, all year round. This is exactly the reason why flocks of loyal tourists visit it.
The official name of Switzerland is actually Swiss Confederation or Confederation Helvetique. The capital is Bern. The overall area is 41,290 sq. km. with a population of about 4,461,100. GMT/UTC +1 is the time zone, meaning the time in Switzerland is one hour ahead of London. The currency is the Swiss Franc (CHF), with every pound sterling approximately equivalent to 2.35CHF.
Switzerland has 24 counties. The region called Valais is perhaps the most fascinating. The mild climate is exceptional, having a large amount of sunny days in a year that is above the national average. It is a holiday capital for some people because it is located at the centre of the Alps. People have access to the fresh waters of the Rhne at the very centre, and afterwards, enjoy trekking or sight-seeing in the famous mountain peaks that always take their breath away. It would be every mountaineer's and nature lover's dream.
Prospective buyers of a property in Switzerland should take note of the various annual expenses like co-ownership charges and taxes. This is about 1.3% of the purchase amount. Legal restrictions are likewise in place depending on nationality and residence type.
Financing would be easy and a loan amount that is standard for Swiss banks for purchases, would be close to 66% of the price of the property. The loan usually takes the form of a debit. Traditional financing with a mortgage can also be an option. In this case, the interest is lower but the account would not be as flexible as a standard debit. Interest rates can also be fixed in some stages, but can be changed with a shift in the Swiss economy. Overall, it is quite convenient to buy a property in Switzerland and is definitely going to be worth every penny spent.
by: Lawrence White
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