Nestled between France, Germany, Austria, Liechtenstein, and Italy, the landlocked country of Switzerland has always punched well above its weight compared to its much larger neighbors. A haven for the rich and known for its luxury watch industry, private banking, and beautiful countryside, Switzerland attracts people from around the world. It also happens to have a very unique property market.
The incredibly low cost of borrowing in Switzerland has led to the demand levels we are now seeing for purchasing a home, with transaction prices up over the last two quarters. Rent yields remain low, while a strong Swiss Franc versus the Euro continues to make it more expensive for Europeans to buy properties within Switzerland as opposed to other countries with better exchange rates.
This will not put off investors looking for a stable economy to park their hard-earned cash though. Although restrictions in place make some cantons difficult to purchase property in as a foreigner, all is not lost. As such, a holiday home destination, as opposed to the capital city, might be the right move for the right investor.
One such place attracting foreign investment is Davos. Situated in the canton of Graubünden, Davos offers a luxurious retreat outside of the country’s two major cities. Known for it’s beautiful countryside and home to the World Economic Forum, Davos hasn't been on the global stage yet for its exquisite property market.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE