The four-season resort development is exempt from normal restrictions on overseas property investment in Switzerland
From synthetic snow to wellness, leading ski resorts around the world are coming up with creative solutions to the threats posed by climate change. For one resort village in the Swiss Alps, this has included breaking long-standing rules on foreign real estate transactions by inviting overseas buyers to invest in exclusive apartments and chalets.
The Lex Koller law places severe restrictions on overseas property investment and sales in Switzerland, which normally require special permission, lengthy holding periods and other barriers. However, in 2007 the Swiss federal government ruled to make the Andermatt Swiss Alps resort exempt from these restrictions, as well as from the Lex Weber Second Home Law that enforces strict limits on residential construction.
This presents overseas buyers with a unique opportunity to acquire their own holiday home or investment property in the Swiss Alps, where demand and prices for luxury apartments have skyrocketed in recent years. As well as being part of the popular Andermatt–Sedrun–Disentis ski route, Andermatt Swiss Alps is growing a reputation as an all-season retreat with new attractions including an 18-hole championship golf course, fine dining restaurants and a year-round culture program.
Heart of the Swiss Alps
Just 90 minutes from Zurich and two hours from Milan, this charming mountain village in the Ursern Valley has been a popular winter holiday destination for centuries. Since the millennium, Andermatt has diversified into a year-round resort, following a sensitive development program that's taken care to preserve its traditional heritage and natural surroundings.
From November to May, Andermatt is thronged by skiers, snowboarders, snowshoe trekkers and other winter sports enthusiasts eager to experience the famous steep pistes and deep-snow descents of the Gemsstock. In the warmer months, golfers of all abilities can take on the 18-hole, par 72 championship course and the Alpine scenery makes a dramatic backdrop for more than 500 kilometers of hiking and cycling trails.
There's plenty to keep visitors and residents busy in the evenings too, from a world-class concert hall and other cultural venues to stores and a growing roster of food and drink options, all within walking distance in the car-free village. Andermatt is also home to the five-star deluxe hotel The Chedi Andermatt and four-star conference hotel Radisson Blu Reussen, with more hotels, apartments and chalets in the development pipeline.
Modern Alpine villas
The Andermatt Responsible campaign promotes sustainable tourism and development to help preserve the natural beauty of the Swiss Alps. All apartment buildings and hotels in the village are built in compliance with the energy-efficient MINERGIE® standard and draw their electricity and heat from renewable sources. Underground parking is available for guests arriving by road, but the village itself is kept car-free.
Overseas buyers have a choice of practical studios, spacious apartments and deluxe penthouses at Andermatt Swiss Alps. The latest buildings to enter the market are Arve Chalet Apartments, an exclusive apartment block located in the heart of the village, and Enzian Alpine Apartments, which offer private gardens and roof terraces. All residences at Andermatt blend traditional Alpine villa architecture with modern interior design and generous storage space.
International buyers will enjoy tax breaks when investing in real estate in Andermatt and can buy, sell and lease properties without restriction. Since many purchases are for investment property, Andermatt Swiss Alps offers property management services to take care of all cleaning and maintenance in owners' absence and a complete rental program to market and fill rental vacancies all year round.
For more information about Andermatt Swiss Alps and other residential properties in Europe, click here or contact JLL International Properties at +852 3759 0909 or irp.hk@ap.jll.com.
