Swiss government to tighten foreign property ownership
https://www.swissinfo.ch/eng/housing/access-to-swiss-housing-restricted-for-foreigners/91260448?utm_source=multiple&utm_medium=website&utm_campaign=news_en&utm_content=o&utm_term=wpblock_highlighted-compact-news-carousel
Posted by EspritLibre_404
9 Comments
And not a minute too soon.
Not unreasonable, I think.
Switzerland has restrictive rules when it comes to public debt and therefore public spending, as well as granting of credits (and thus “creating” money). In contrast to this, other countries with more libertine/permissive rules have a lot of free capital that accumulates in individuals and large enterprises but they “pay” for it with lower financial/monetary stability.
Now if that money that is created in foreign countries at cost of their monetary stability flows into “concrete gold” (aka real estate investments) in stable Switzerland, that’s kind of unfair. Because the local population/local enterprises don’t have the chance to easily “generate” that kind of investment money. So it’s basically we who pay for the stability and then see our assets getting bought by those who leave instability behind – but the money they bring is the fruit/profit of that instability.
Finally
Should have been forbidden a long time ago
Thats great, as long as people with a residence permit can still freely buy property for use
Any guesstimates on how much this will actually impact housing?
If the aim is to tackle the housing shortage are there any laws that tackle citizens from owning multiple properties ?
I’d much rather they pay a higher tax rate than go through extra bureaucracy.
Doesn’t this already exist?