For several years you have rented an apartment or a chalet in the resort of Verbier. You like it, and you love to meet with family or friends during your weekend or holiday. Verbier is the dream resort where the activities on offer are numerous, both in summer and winter, and you love to come here to relax and escape from your daily routine.If the idea of becoming an owner of a real estate has already occurred to you, and you want to find out more on the subject, here are some points that can help you to see things more clearly.
REAL ESTATE MARKET
Switzerland is a very attractive country for real estate investments. The low mortgage rates and the lack of direct inheritance tax have contributed to the strong appeal for real estate.
With respect to Verbier itself, the real estate market is stable and buoyant.
The expansion of the market has been limited by the new law on second homes, for which new construction is no longer possible. As a result, the second home market is gaining value.
Low mortgage rate
The bank rate conditions are very attractive. (In June 2018, the variable mortgage rate was less than 1%, and slightly higher for fixed rates). The constitution of a mortgage note costs 1.2% of the mortgage amount. The banks in Verbier can inform you at the time of a purchase of real estate.
Buying real estate is possible for foreigners
Foreigners are able to acquire real estate in Switzerland. In such case, an authorisation is required from the Government of Valais, and will depend on the available quota. Acquisition is limited to a single property per family.
The purchase of real estate in Switzerland is subject to certain conditions, namely:
- A five-year resale ban
- Net maximum surface area of 200 m2 (this area is calculated without the walls, technical rooms and cellar)
- Maximum surface area of land of 1,000 m2 (However each particular situation will be examined (large family etc.))
- Foreign owners cannot rent out their chalet or apartment all year round, they must use it themselves at least 3 weeks per year.
Holders of a B licence in Switzerland can buy a second home without going through the foreigners’ authorisation application procedures.
WHY CHOOSE VERBIER
Verbier, a charming resort
Verbier is still one of the world’s top 100 luxury destinations (81st position in 2017, according to Knight Frank). It’s a royal resort! A luxury ski resort with undeniable charm. Indeed, the architecture of the resort is completely integrated into the landscape. Verbier has maintained its alpine style, for example with its chalets built to resemble the old small dry stone mazots that can be seen at the bottom of the village. They have been built by local artisans in the pure mountain tradition, combining luxury, authenticity, and modernity.
Verbier, perennial ski resort
Located at an altitude of 1,500 m which guarantees snow, Verbier is a high-performance resort. It is located at the entrance to the 4 Vallées ski area, with nearly 100 lifts and more than 400 kilometres of ski slopes, not counting the off-piste areas. Téléverbier invests and modernises its infrastructures each year, making it a modern and dynamic resort.
Verbier: the culture of good living.
Verbier’s “chic” is the culture of good living. Sporty, queen of mountain biking, paragliding, trail running, summer golf, skiing, freeride, ski touring and snowboarding, it is also a cultural centre, with its classical music festival, the Verbier Festival & Academy. Surrounded by an exceptional environment with its wild nature, its snowy peaks, its mountain lakes, one never gets bored. Moreover, the quality of life is such that many foreigners come to settle here every year. At the moment there are close to 60 different nationalities.
Verbier: a place where the chalet spirit is cultivated
Beyond its beauty, its way of life, its cultural and social diversity, Verbier is an ideal place to meet both in family and between friends. It is a place of sharing and celebration, where the après-ski is still a privileged time. It is also this chalet spirit that has forged a value of refuge that is dear: discretion. Indeed, after a day of skiing we walk past each other at the Horseshoe bar and we nod discreetly, without giving the feeling of knowing each other.
Bagnes, a lively commune
Verbier is one of the 23 villages or rather hamlets that make up the commune of Bagnes. A commune that is lively, constantly evolving, and making great efforts of investment to welcome its guests.
In addition, the tax parameters applied by the commune of Bagnes are particularly advantageous, and make Bagnes one of the most attractive Valais communes.
In the heart of the Alps
Located less than 2 hours from Geneva airport and 3 hours from Zurich or Milan airports, Verbier is easily accessible to enjoy your holiday accommodation during the weekends.
With a thorough knowledge of the market, our team at Besson Real Estate can guide you to the right address, and accompany you step by step in your project to buy a place in the mountains. We listen to everyone, and we offer the best solutions to make it easier for you.