We have already talked about costs and financing which are very important factors in the buying decision. Now let us have look at other facts that matter when looking for the right property.
Property Listings - Understand What You Buy
Like in other countries, most properties are listed online. The main listing sources are homegate.ch, immoscout24.ch and comparis.ch. You can perform specific searches by area, size, budget, etc. and even save your criteria and obtain the newest listings as soon as they are published.
You might find that there are differences in the terms and vocabulary of property listings in Switzerland and your home country:
Condominiums are very popular in Switzerland. When buying a condominium you purchase
Community regulations and ownership portions are registered at the land registry. Your portion is calculated as x/1000 of the whole property. For the inside of your condominium, you are fully liable. Being a partial owner of the whole property you are liable of service, reparations and replacements with respect to all co-owned parts of the property in relation to the portion you own. It is required by law that every community sets up a fund for renovations, so that no negative financial surprises occur to the individual co-owner. With change of ownership the individual portion of the fund remains with the condominium at no extra costs for the buyers.
Tips and Possible Pitfalls
Most people have a legal understanding based on the law in their home country. Swiss law might be different from that. So be prepared that some details when buying a property are not the same as in your home country. If you have questions pertaining to regulations, law and permits you can always ask the respective authorities in the municipality.
If you live abroad remember that many tasks in relation to property acquisition require your physical presence, so plan to travel several times.
Plus, you are reading this website in English while all property relevant documents in the German speaking part of Switzerland are and have to be in German. Not even the country's other official languages are accepted.
If you live abroad and are not proficient with the local language, we strongly suggest that you have a professional local buyer's agent at your side. As a local boutique real estate professional company we would be happy to assist you in this matter.
For all of you who are looking for more in-depth information on property aqcuisition in Switzerland, we created a Swiss Property Report. In this report you may find information about legal issues, forms of ownership, costs and financing, taxation, the different types of property, the buying procedure and the sales contract. About how to avoid the possible pitfalls or the Holiday Homes Ordonnance. Just order it for free.
Our SWISS PROPERTY REPORT 2019 provides more in-depth information on all topics related to property acquisition in Switzerland.