Stability. Reliability. Return. These are words every investor wants to hear when considering investing in a new property purchase, and as a nation famous for displaying these qualities, Switzerland is definitely an enticing prospect. The Swiss Alps are, of course, uniquely famous for world-class winter sports, summer hiking and the snow-capped beauty of its mountain scenery. Andermatt is a location that ticks all these boxes while still being relatively accessible from almost anywhere in the country and it is here that five-star residential apartments can be purchased and resold without the restrictions that usually apply to overseas investors. The latest development that Benham and Reeves are pleased to be offering, comprises 500 apartments and 28 exclusive chalets arranged over 42 separate phases.
Andermatt: An Alpine Treasure
Positioned on the main route that connects the centre of Switzerland to the Italian lake region, Andermatt is a picture-perfect alpine village, popular with tourists for its views that include dramatic peaks, stunning waterfalls and placid, blue lakes. Just a 90-minute drive from Zurich International Airport and two hours from Milan and Lake Como, it’s a year-round destination which means that a well-managed property will provide rental income that is both steady and substantial. Available in two- and three-bedroom configurations, the apartments have access to a rooftop spa, pool and garden and are close to an award-winning 18-hole golf course, a 650-seater concert hall and three Michelin-starred restaurants.Of course, no alpine resort is complete without easy access to the slopes. This striking location is blessed with 18km of groomed pistes and some exceptional off-piste skiing, making it a suitable winter destination for skiers of all abilities and ages.In the warmer months, visitors can enjoy top-class golfing facilities and 500km of marked hiking trails.
Buying in Andermatt
For anyone thinking of investing here, the Swiss property market is in great health and not as difficult to navigate as some might think. Low taxes, non-punitive inheritance laws and reasonable lump-sum taxation arrangements are definite plus points and mortgage applications are easy to arrange. Property in Andermatt has the added attraction of being located in the canton of Uri. Here, the cost of buying a property is a mere0.3% of the total purchase price which compares favourably with the already low rates offered elsewhere in the country (the figure still doesn’t get above 3.55% anywhere in Switzerland).
Mountains of Opportunity
Although foreign ownership has grown in Andermatt, the village still offersthe same attractive combination of picturesque charm and traditional hospitality that keeps visitors coming back, year after year. Indeed, it has become quite the international enclave with homeowners hailing from 32 different nations. With property value increasing by 38% in the area since 2012, it is easy to see the attraction and advantages of purchasing a property in Switzerland, where economic growth is nearly always steady and assured. This is a nation that goes about its business calmly and profitably and the only drama tolerated is the kind visitors experience when looking out over one of the most beautiful mountain ranges on earth.
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