The increasing popularity of owning second homes is partly explained by the rise of remote working, providing working people with the flexibility to spend part of their week away from their main residence. It's much more than just a second property; second homes have become a refuge that provides a vital change of scenery and a chance to recharge your batteries away from the hustle and bustle of everyday life.
In Switzerland, holiday homes are classified as secondary residences if they are neither occupied by residents nor used for professional or educational purposes.
Buying a second home is often guided by an emotional impulse. Whether it's a house by the lake, a chalet in the mountains or a studio apartment in the city, the emotional aspect plays a decisive role in the buying process. However, other factors also need to be considered.
Location remains an essential criterion, whether you're looking to purchase a property in a ski resort or by a lake. Proximity to ski lifts, shops and public transport is crucial. What's more, the growing demand for resorts that offer a variety of activities throughout the year has become a significant trend.
Many administrative aspects must be considered for foreigners wanting to buy a second home in Switzerland.
To sum up, buying a second home goes far beyond the financial aspect. It's an emotional investment, a gateway to spontaneous adventures and a breath of fresh air.
You've just finished the first episode of the secondary real estate series. Continue your exploration! In the following stages, explore the different financing options and learn more about the intricacies of taxes. You'll also get tips on the best place to buy your second home.