Handbook for Investors. Business location in Switzerland.

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7.2.2 Purchase There are no restrictions on individuals residing outside Switzerland purchasing commercial real estate. Fig. 26: Steps in a purchase transaction Pre-purchase clarifications: matters under public and private law • Planning law matters • Evaluation of statistics • Cadastral plans of encumbered locations • Road-building projects • Business permits • Air-quality action plan • Noise pollution level • Taxes • Checks on all land register entries (easements, cautions, notices) • Cadastral plan • Buildings insurance • Property valuation commissioned • Financing • Checks on identity of the seller • Lease and tenure situation Sales negotiations completed • Purchase property precisely defined • Price set • Date of transfer of rights and obligations • Financing confirmed • Financial collateral Official notarization by a notary of that town/city • Contract signed in the presence of a notary • Any financial collateral paid Land register formalities performed by the competent land register • Exchange: the property is exchanged in return for the payment • (land register entry signed) Source: Immobilien Kaufen und Verkaufen (Buying and Selling Real Estate). Bürgi Nägeli Attorneys 60 Handbook for Investors 2010
Fig. 27: Construction sites: market prices for commercial buildings, as of fourth quarter 2008 In CHF per square meter (average location, no buildings, with roads and services) over 1,500 1,000 to 1,500 500 to 1,000 250 to 500 150 to 250 below 150 Source: Wüest & Partner 7.3 Residential properties. 7.3.1 Rental Two in three people in Switzerland live in rented accommodation. Demand is high and availability scarce, especially in cities and large urban areas. Since 2003, the vacancy rate has hovered around the 1 % mark (2007: 1.07 %). It therefore takes some patience and luck to find the right apartment. Apartments in Switzerland are usually let unfurnished. Kitchens are fully equipped and generally include a dishwasher in addition to an oven and refrigerator. For a four-room apartment (three bedrooms, a living room, kitchen and bathroom), the average rent is CHF 1,354 per month (as of first quarter 2009), although rents vary widely by region. Prices also depend on the apartment’s age and the quality of the interior. A number of factors can affect rents. The cantons with the highest rents are usually prime locations within reach of major urban centers. Another factor that explains high rents is a low tax burden. 7.3.2 Purchase Any person residing in Switzerland can easily purchase residential property. Only the acquisition of residential property by individuals resident abroad («persons abroad») is subject to certain legal restrictions (see section 7.5). The home ownership rate in Switzerland is about 40 %. It is especially high among families with children and older people and in the higher income brackets. Handbook for Investors 2010 61
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Handbook for Investors. Business lo
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Welcome. Dear Reader, By choosing t
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Table of contents. Advantages offer
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10.3.4 Cross-border commuters .....
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Page 11 and 12: 1.2 Climate. Switzerland’s climat
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Page 23 and 24: The medical technology industry is
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Page 27 and 28: 3. Economic framework. Free competi
Page 29 and 30: Customs information www.zoll.admin.
Page 31 and 32: Swiss Federal Institute of Intellec
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Page 35 and 36: 3.5.2 Environment Swiss environment
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Page 43 and 44: Liability Minimum capital Consultin
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Fig. 55: Switzerland’s educationa
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PISA study Federal Office for Profe
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Fig. 59: Tuition fees in CHF per ye
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Fig. 61: School fees for internatio
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Institution Location Homepage SLF W
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Fig. 66: Personal safety, 2008 New
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Yellow Pages yellow.local.ch Langua
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Anyone who rents a property is urge
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Fig. 69: Real disposable income in
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14. Promoting Switzerland. Location
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Fig. 72: Examples of cantonal incen
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R&D project grants are available in
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20 TechnoArk, Sierre www.technoark.
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Switzerland. Trade & Investment Pro
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15.2 Table of figures. Fig. 1: Swit
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Countries of Europe. Handbook for I
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Language regions. Handbook for Inve
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