Can foreigners buy property in Switzerland?

Under the Federal Act on the Acquisition of Real Estate by Persons Abroad (LFAIE), some people need authorisation to become the owner of a home or a plot of land.
The LFAIE is applied by the Cantons. The conditions differ according to the type of Swiss residence permit, the country of origin and the place of residence. The law also varies according to the type of property concerned (main residence, second home, commercial premises…).
Every case is different.

Resident in Switzerland

EU/EFTA nationals resident in Switzerland

They have the same rights as Swiss citizens when buying property. They therefore do not need authorisation.

Non-EU/EFTA nationals resident in Switzerland

They need authorisation to acquire the following properties:

• A second home (which may not be let)
• A holiday home (which may be let temporarily)
• Units in an aparthotel

These nationals do not need authorisation to buy a main home (including building land) if:

• They hold a valid residence permit
• It is their main residence
• Construction work begins within one year of purchasing the land

Resident abroad

Cross-border commuters

Nationals of an EU/EFTA country holding a G permit may acquire a second home in the region where they work without authorisation.

Other foreign nationals

Apart from cross-border commuters, foreign nationals resident outside Switzerland require authorisation to buy property.

Please note that buying a house, an apartment or a plot of land in Switzerland does not confer the right to a residence permit.

For more information on the acquisition of real estate by persons abroad, click here.

Financing

Financing the purchase of a property in Switzerland can also be a challenge for some buyers.
Swiss banks are often reluctant to lend money to foreign buyers, particularly if they do not live in Switzerland.
Banks may require additional guarantees for loans granted to foreign buyers, such as larger deposits or higher interest rates.

In conclusion, buying a property in Switzerland is subject to various conditions and regulations depending on the buyer's nationality and status. It is important to understand these rules to avoid any complications in your property purchase in Switzerland. Do not hesitate to contact us now for professional and reliable assistance in bringing your property project to fruition.