Tip of the month: “Second homes in Switzerland”

Switzerland is blessed with idyllic places that attract foreign tourists and locals alike. Winter and summer, our country is a real treat. As a result, requests to buy or for building permits are numerous. In light of this, the government is limiting the construction of new second homes. But don't panic, everything is still possible.

What is a second home?

It is a holiday place used as accommodation by its owners or its tenants for short periods. The second home differs from the main residence, which is used all year round.

What does the law say?

Properties considered as secondary are those belonging to people who are not domiciled in the municipality in question. In other words, they are properties whose purpose is holiday use.

Who are they for?

For everyone! The only difference from buying a main residence is a larger contribution of equity.

Does the ordinance on second homes prevent new construction?

NO! Indeed, it applies only to the building of new dwellings in municipalities where the share of second homes exceeds 20% within the village. If this figure is higher, it is nevertheless possible to act under several exceptions.

Homewell's 5 tips

When you have found the perfect holiday spot, check, in the case of a new construction, whether the quota exceeds the 20% allowed within the municipality. If so, it would be wiser to look at an already existing property.

It is necessary to study your banking file carefully. Indeed, financial institutions require a self-financing contribution that can reach 40%.

Think about your taxes; second homes intended for rental benefit from a tax rate equal to that of a main residence.

Rates are favorable, it is the right time to buy your future holiday spot for the vacations.

Do not hesitate to contact one of our Homewell advisors, who is happy to be at your disposal to advise you, but also to go over your financial situation together with you.