"Things are ticking over. We've had a certain amount of interest over the past 3-4 months"
- Herrington - from Britain - who has been in living in Grimentz
Swiss chalets are continuing to be popular among investors and are still attracting foreign buyers, however, a new law can break this tendency. Last March Swiss voters decided to impose a 20% ceiling on the number of second homes in any community. This law is expected to come into force on January 1. Soon after the announcement of this law, a rush of planning applications from an average of 3,000 residential units to 8,000 in the ten months up to October 2012 was noticed. There are approximately 500,000 second homes in Switzerland, each fifth holiday home is owned by foreigners, mostly, from Germany, Holland, Italy and the U.K. However, restrictions already apply to foreign nationals buying holiday homes in Switzerland, allowing only 1,500 new units per year.
"Things are ticking over. We've had a certain amount of interest over the past 3-4 months," said Herrington - from Britain - who has been in living in Grimentz with his family for the past seven years. "With the stock available Lex Weber won't have a significant impact on business."
"There's a good range of chalets and apartments on offer from apartments at SFr800,000 to chalets at SFr5 million with swimming pool," said the Mark Warner agent.
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