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Follow on Google News | Property Ruling Leaves Foreign Buyers Out In The Cold In Valais Ski ResortsA surprise ruling in Valais, Switzerland, last week looks likely to leave foreign property investors out in the cold for the foreseeable future.
Andrew Maude of Alpine Specialist believes the “dust needs to settle” before it is possible to see the full effects of the new ruling and the extent of the percussions to the market, adding “the ruling does not symbolise the end of the road for property purchases by foreigners in this part of Switzerland” Many of Switzerland’ Andrew also predicts that the market could see a mushrooming of leaseback developments in Valais, a common form of property sale in France. “Leasebacks are a good way of dealing with the ‘cold beds’ phenomenon which is of particular concern in Valais.” - Ends - FOR FURTHER INFORMATION: Andrew Maude, Alpine Specialist Tel: +44 (0) 1273 491 558 Email: andrew@alpinespecialist.com Website: www.alpinespecialist.com NOTES FOR EDITORS: 1. Alpine Specialist offers a comprehensive service for all aspects of property purchase, ownership and management in ski resorts in France and Switzerland. Services include: • bespoke pro-active property search; • price negotiation; • assistance with mortgages and financing; • introductions to legal and tax advisors; and • post-purchase property renovation and refurbishment 2. Alpine Specialist works with retained clients looking to buy a chalet or apartment in ski resorts in France and Switzerland. Website: www.alpinespecialist.com End
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