Switzerland: Federal Supreme Court stops property sale between foreigners
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Foreign investments in Swiss real estate are governed by a federal law known as the 'Lex Koller' and a related ordinance,(1) as well as additional cantonal rules. The law restricts the acquisition of residential real property by non-Swiss residents.(2)(3)
In a recent decision,(4) the Federal Supreme Court decided for the first time that the sale of a vacation home between two non-Swiss residents is allowed only in designated communities. The decision stops a long-standing practice of the cantonal authorities.
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Source : Switzerland: Federal Supreme Court stops property sale between foreigners