New developments are available in Switzerland where proposed draconian rule changes on new second homes appear to have softened.
“The strongest demand in Switzerland at present is for Verbier, which remains the Belgravia of the Alps,” comments Jeremy Rollason of Alpine Homes. “Limited stock and high demand means prices should only continue to rise.”
However with chalet entry prices close to £4 million, Verbier has effectively priced itself out of the market for the vast majority of buyers, which is why neighbouring resorts which share the same ski area are performing well.
Chalet Catherine in Veysonnaz, with four bedrooms, a wraparound balcony with wide Alpine views and direct ski-in-and-out access has a more reasonable price tag of £1,067,000 through Alpine Homes (www.alpinehomesintl.com).
Or new one- to three-bedroom apartments at Chalet Ambience in La Tzoumaz, one lift away from Verbier’s slopes, start from £346,000 including underground parking for £35,500 with Investors in Property (www.investorsinproperty.com).
“The new law restricting the construction of second-home apartments is out in draft and is not as severe as predicted,” says the company’s Simon Malster.
“We think it will include a ‘warm bed’ exception, so as long as property is rented out for part of the year, the authorities will issue a building permit. We expect the new law to be detailed fully before the end of this year.”
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