Federal Act on Acquisition of Real Estate by Persons Abroad: Who Qualifies and What You Get
Learn how the regulations for non-Swiss residents purchasing property in Switzerland work and the challenges you may face during the process.
This federal law establishes the rules and restrictions for people who live outside of Switzerland and wish to purchase real estate within the country.
Who it's for
This scheme applies to non-Swiss residents who are looking to buy property.
What you get
It provides the official regulatory framework that governs how foreign individuals are permitted to own real estate. It sets the boundaries for what types of property can be purchased and under what specific conditions.
What it costs you
The process involves a strict authorization procedure to ensure all legal requirements are met. Because of this complexity, you should expect to pay high legal fees to navigate the necessary paperwork and compliance steps.
The catch to know
The law is extremely restrictive. Because the rules are so rigid, many real estate agents will avoid working with foreign buyers entirely to avoid the administrative burden.
How to apply
- Confirm your eligibility to purchase based on your residency status.
- Consult with legal professionals to manage the complex authorization process.
- Submit the required documentation to the relevant authorities for review.
- Wait for official authorization before proceeding with a property transaction.