A small mountainous country, Switzerland has on the other hand only limited land available for construction. To protect the real estate market from overheating and speculation, the acquisition of Swiss real estate by foreigners has long been limited by law (Lex Koller) – cantonal authorisation is needed before gaining title.
In the past few years, the Swiss real estate market has enjoyed continuous liberalisation. Today, foreign investors are no longer discriminated against when acquiring commercial, as opposed to residential, real estate.
Commercial real estate includes factory buildings, warehouses and storage areas, offices, shopping centres, shops, hotels, restaurants, workshops or doctors’ offices, but excludes the construction and letting of homes.
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