Swiss Alps are known for its alluring, enchanting, and breathtakingly beautiful views and a dream retreat for people around the world. Switzerland has always carried a reputation of a reliable country for asset protection and remains one of the world’s most popular safe-haven investment destinations.
Andermatt was once a secret among European ski lovers with a small rustic village. Anyone who has been here is taken away by the charming Swiss mountain village in a dramatically stunning location. With its grand masterplan to truly integrate retail, culture and community, it has since been transformed into a world-class holiday destination today.
Located in the very heart of Switzerland, Andermatt is situated over 1,400m above sea level and has been the major trading crossroads for centuries. It is accessible with just 90 minutes’ drive from Zurich and two hours from Milan. If travelling by plane is your preference, there are various airports in Zurich, Basel, Lugano and Milan for you to choose from.
Besides its incredible scenery and vibrant community in the Ursern Valley, Andermatt has a safe and well kept village with easy access to high quality healthcare and outstanding schools. The ski area is fantastic in winter, and the rest of the year, you can hike, mountain bike and golf in the summer. It also boosts a world-famous award-winning luxury wellness resort; The Chedi Andermatt with Michelin starred restaurant and a luxurious spa. It has a truly international profile and is not overly reliant on one nationality/economy. A triple-digit million sum is being invested in this project this year will set it to be a prime, all-year-round alpine destination for many for many years to come.
The forced closures from the past years due to the pandemic has benefitted the ski industry with renewed appreciation for the outdoors. Demand for apartments in mountain resorts has increased as people has changed their lifestyle and working from home. This growing demand is resulting in residential property price increases across many ski resorts. Low taxes with an absence of estate taxes or gift taxes in Uri canton is favorable consideration for foreign investors too.
The Lex Koller legislation restricts property ownership by foreigners for investment purpose in Switzerland. However, Andermatt is in a unique position as the only large-scale development project that has an exemption from this to encourage investment. There is no restrictions on foreign purchase and resale.
Andermatt is the only Alpine destination that can offer high quality new purpose-built residences in a sustainable, forward-looking design with Swiss tradition of quality craftsmanship. Mortgage applications is quick and easy with Switzerland leading banks. This provides a rare opportunity for us in Singapore if you are thinking of investing here.
The Alps still dominate the top destinations for ski property purchases among international. With growing demand, limited pipeline supply, restrictions on residential property development, you can always enjoy a winter wonderland getaway and still generate a steady rental income and prospective growth in asset value.
If you are intending to purchase unit at Andermatt Swiss Alps or visit us to find out more, please contact our Singapore sales team.
About the Author
Established in 1958, Benham and Reeves is one of London’s oldest, independently owned property lettings and sales agents. With specialism in residential sales, corporate lettings and property management in prime areas of London, the company operates from 21 prominently located branches and 14 international offices.