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Many popular ski resorts in touristic locations had already exceeded the 20% threshold and
consequently, the legislation now prevents the construction of any more second homes in
such communes. It should be noted that Lex Weber is non-discriminatory to foreigners and
affects both Swiss and non-Swiss.
The buying process
In order to purchase property in Switzerland, a series of straightforward steps need to be
completed. The legal paperwork will be handled by the notary, who in most cases works
on behalf of both vendor and buyer. This is common practice in Switzerland and simplifies
operations while protecting the interests of both parties.
Non Swiss residents who are acquiring a home in Switzerland must apply for a foreign
buyer’s permit. This entitles the owner to reside in it up to 180 days per annum, subject to
a maximum stay of 3 months at a time. Non-Swiss residents, are not be permitted to own
more than one residential property.
The process for acquisition is as follows:
1. Signature of a convention agreement. This is the initial agreement that will specify the
buyer and the seller, the property that is being purchased, any conditions of purchase
and in most cases, a deposit – typically 10% of the purchase price.
2.Ifthe buyer requires a mortgage finance, a mortgage prequalification questionnaire will
need to be completed at this stage and submitted to the proposed lender.
3.The notary will then make an application on behalf of the buyer to the Registre Fonciere
(Land registry) for a foreign buyer’s permit.
4.Assoon as the permit has been authorised (normally this takes 4-6 weeks), the notary
will prepare the full deed of sale and request either the next stage payment (for new
build property) or the balance of the purchase price (for resale property).
5.Power of attorney may be given to a solicitor representing the buyer in order to facilitate
the above process, without physically needing to attend a notary in Switzerland.
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