The purchase of foreign real estate and the concept of “first line” very often go in one set – most of our compatriots want to become the owner of a home on a coastal foreign corner, because a “summer cottage at sea” is a long-term dream subject.
A tempting advertisement, offering a potential buyer of real estate on the first line, is not always associated with 100 percent reality, since the coastline is not infinite, moreover, the cost of those objects that are really located at the water’s edge can be so high that for many people such a purchase Real estate can only be a dream.
Buy real estate on the first line Continue reading
Switzerland has long been synonymous with prosperity, neutrality and high prices – the country of chocolate, banks and watches has for many years attracted the attention of all countries of the world to itself and its success, periodically inspiring many foreigners to buy housing in this country. Let’s try to deal with the local tax system, which you will have to face when buying, owning and selling real estate in Switzerland.
According to the Swiss Federal Law on the purchase of real estate by non-residents, the sale of real estate to foreigners is carried out on the basis of annual quotas issued for each tourist region. In some cases, these quotas are fully used during the year, as a result of which a foreign buyer has to wait for the next year or longer (in some cases up to two years) in order to obtain a purchase permit. This provision Continue reading