SA joins global investor swoop on top Swiss resort
South Africans are among a global surge of interested investors in one of Switzerland’s biggest ski resorts where restrictive foreign property laws have been lifted resulting in record sales.
The Andermatt ski resort in the Swiss Alps has been transformed from a traditional alpine village into a sought-after property investment destination due to world-class facilities, low tax rates, significant tax incentives, attractive returns and the lifting of laws prohibiting foreign ownership of Swiss property.
The result has been a surge in global sales over the last year by 87%, the resort said in a statement.
Cape-based property expert, Toni Enderli, says pricing in Andermatt is on par with Cape Town’s Atlantic seaboard and the V&A Waterfront. The resort offers full turn-key investments in one-bedroom apartments, managed and serviced by the Radisson Blu group with a 3% guaranteed net annual return.
Enderli says Andermatt was introduced to South Africans only months ago but had already resulted in sales and a host of interested buyers. “This is one of the safest and most attractive global investments and those wanting to diversify their portfolios are seizing this opportunity.”
Andermatt boasts one of Europe’s best ski and hiking facilities, an 18-hole golf course, a fitness and wellness centre, mountain biking, top restaurants, luxury hotels, apartments, chalets and shopping facilities. The village centre is a car-free zone, contributing to a harmonious community environment.