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THE KEY TO PURCHASING PROPERTY IN VERBIER
CONSIDERING COSTS
Sale prices take into account a variety of factors, namely:
•
Surface size which includes the interior walls and 1/2 the balcony size or 1/3 the terrace
•
Age and condition of the building and interior
•
View
•
Construction materials employed - stone vs. tile, etc.
•
For chalets: the difficulty in implanting the foundation into the mountainside
•
Need or not for renovation
•
Garage or parking
•
General market offer and demand
Resale prices run between CHF 10’000 -25’000/m2 generally.
New build prices run between CHF 20’000 - 30’000/m2 generally, with exceptions where justified (i.e.
swimming pools, etc.)
Land prices depend on desity zones, shape, location, exposure (sun vs. shade), neighbourhood, etc.
Note: We recommend a lengthy holiday in Verbier to help you identify the neighbourhood and style of
property best suited to you. It is also worth looking at our statistics page on www.guinnard.com to learn
more about the Verbier market.
LEGAL RESTRICTIONS FOR FOREIGNERS change over time. Currently the Lex Koller legislation
limits the rights of foreigners to buy in Valais. A foreigner may only purchase under the following terms:
•
From a foreign owner or from a Swiss owner who has had possession of the property for
over 5 years.
•
May purchase on the same basis as a Swiss if the buyer holds a B or C residency permit.
•
Is limited to 1000m2 of land or 200m2 of « sweepable » surface, which amounts to
nearly 250m2 in total.
•
Can only own one property per household in Switzerland
•
Is required to inhabit the property a minimum of 3 weeks per year.
Currently there is NO inheritance tax in Valais.
Route du Centre Sportif 12
CP 214
CH - 1936 VERBIER
Switzerland
Tél. fixe :
Fax:
Email:
Web:
Facebook :
+41 27 771 71 01
+41 27 771 71 02
[email protected]
www.guinnard.com
GUINNARD IMMOBILIER & TOURISME SA
D’autres détails et l’ensemble de notre offre sous www.guinnard.com
Document sans valeur contractuelle
Mises à jour 1 juillet 2013
THE KEY TO PURCHASING PROPERTY IN VERBIER
page 2
FEES TO FORESEE
Purchase costs in the canton of Valais, including notary fees, taxes and land registry fees come to
approximately 2.5% of the purchase price. The agency commission is included in the purchase price.
Mortage fees require registration at the Registre Foncier (‘Land Registry’). This process costs approximately 1.2% of the notarized value. Bank conditions vary slightly and we recommend the use of a local
bank to avoid the need for a property evaluation, as they are knowledgable about the Verbier property
market.
Furniture cost can be estimated at CHF 12’000 for a studio and CHF 9’000 minimum for each additional
room.
Annual charges for the maintenance of a building in Verbier are CHF 85-95/m2, not including the
balcony or terrace surface size. These charges include: taxes, insurance, water, electricity, charges for
joint ownership (heating, caretaker, administration, etc.)- specifically all the charges aside from the mortgage charges and capital investment.
RENTAL POSSIBILITIES
Regular rental of your property should cover your annual charges mentioned above. In Verbier it is
reasonable to estimate a yearly profit of 0.5 to 2%. Though modest, this is healthy for a mountain
(seasonal) resort.
Annual Rental Benefits (Approximate net profit): For 2013
2**
Studio :
4****
CHF 6’000.-
to
Fr. 9’000.-
1 bedroom :
CHF 8’000.-
to
Fr. 15’000.-
2 bedrooms :
CHF 11’000.-
to
Fr. 20’000.-
3 bedrooms :
CHF 14’000.-
to
Fr. 25’000.-
4 bedrooms :
CHF 18’000.-
to
Fr. 31’000.-
Luxury accommodations are negotiated at a considerably higher value.
Daniel Guinnard, certified Federal Real Estate specialist, and his team are available to assist you in
all your real estate requirements, including certified evaluations, property consulting, sales and rental
advice, as well as building and property management.
With 40 years of experience as a leader in the field, count on GUINNARD IMMOBILIER & TOURISME SA.
Route du Centre Sportif 12
CP 214
CH - 1936 VERBIER
Switzerland
Tél. fixe :
Fax:
Email:
Web:
Facebook :
+41 27 771 71 01
+41 27 771 71 02
[email protected]
www.guinnard.com
GUINNARD IMMOBILIER & TOURISME SA
D’autres détails et l’ensemble de notre offre sous www.guinnard.com
Document sans valeur contractuelle
Mises à jour 1 juillet 2013