FREQUENTLY ASKED QUESTIONS

The property buying process in Switzerland includes several steps:

  • Financing: Know your financial capacity and the different ways to maximize it.
  • Property search: Identify available properties on the market that suit your needs and budget.
  • Viewings: Arrange visits to see the properties in person.
  • Offer: Make one or more purchase offers.
  • Contract preparation: If the offer is accepted, the buyer usually chooses the notary to prepare the sales contract.
  • Financing: Confirm a mortgage if needed.
  • Contract signing: The contract is signed before a notary.
  • Land registry entry: The transfer of ownership is registered by the notary in the land register.

Additional fees include:

  • Notary fees: Approximately 0.2% to 0.3% of the sale price.
  • Les droits de mutation : Varient selon les cantons, généralement entre 1% et 3% du prix de vente.
  • Land registry fees: About 0.3% to 0.5% of the sale price.
  • Valuation and mortgage fees: Vary depending on the bank.

Required documents include:

  • A valid ID (passport, identity card).
  • Proof of financing (bank certificate).
  • Proof of residence in Switzerland.
  • Employment contract or proof of income.
  • Extract from the debt enforcement register.
  • Other documents as required by banks.

Yes, but with certain restrictions. Non-resident foreigners (without a residence permit) can buy a secondary residence in certain tourist areas, subject to quotas and size limits. Resident foreigners (with B or C permits) can buy property without special restrictions. More information is available under the LFAIE (Federal Act on the Acquisition of Real Estate by Foreigners).

  • Permit B: Allows temporary residents to live and work in Switzerland. They may purchase property for personal use without restrictions.
  • Permit C: Long-term residence permit, similar to permanent residency. Holders can buy property without restrictions, similar to Swiss citizens.

  • Mortgage financing usually consists of two parts:

    • 1st Mortgage: Up to 65% of the property value, generally non-amortizable.
    • 2nd Mortgage: Completes financing up to 80%, must be amortized within 15 years or before retirement. Interest rates may be fixed or variable. Banks assess borrowers’ income and debts to determine repayment capacity.

A PPE is a form of co-ownership where multiple owners hold a share of a building, corresponding to an apartment or part of the property. Each owner has exclusive rights to their unit while sharing ownership of common areas (elevators, lobby, etc.).

PPE owners have the right to use their private unit and participate in decisions regarding common areas. They are responsible for the maintenance of their unit and contribute financially to the upkeep of common areas. Collective decisions are made in the general assembly of co-owners.

Rental is regulated by law and includes:

  • Lease agreement: Written contract specifying rental terms (duration, rent, utilities).
  • Security deposit: Usually three months’ rent.
  • Lease duration: Often one year, renewable automatically.
  • Termination: Three-month notice unless otherwise agreed.
  • Rent increase: Must be justified and notified in writing.

These questions cover the essential aspects of Swiss real estate, from buying to renting, including market specifics and legal obligations.

The name “Brymmo” comes from my middle name, Jonathan Bryson Pfister.