Hello, I am a serious investor into property. Can any one give me advice on the Swiss Ski Chalet Market? I would like to own a ski in, ski out property but have yet to find one that pays for itself with a 30% deposit. For me to stick 30% into a property, I have to be sure the mortgage and all tax, heating and cleaning costs are covered by rental return. I am not at all interested in property that won't , I have read on this site some guys are just happy to have their running costs covered! Can someone Tell me where to buy? Total Budget 700,000SFr
Its all about how much time you have to manage the rental business. I personally would prefer to have a guarantee that all costs, including mortgage interest was paid for during the first 5 years, for giving up 22 weeks in the high season. Take 10 weeks for my family and friends, that leaves another 20 weeks to actively market myself. I am not at all interested in being a landlord, having to fly over from london every week to sort petty little problems. I am really in the deal for a holiday home for my family and an above average return on my investment through capital appreciation. By buying the best one can afford this objective should be reached.
The people I got in touch with are overseashomesearch (www.overseashomesearch.co.uk) who have property that fits your budget. Ask for Claire Illingworth who handles swiss sales.
Don't bother. Switzerland is a mature market that suits people who either want a holiday home with the costs covered, or are willing to run a chalet as a business, and be resident as managers. If you've got 200,000 CHF buy some gold and you'll get a better return.
After extensive searching in Switzerland I wont Bother to buy, seems only people without borrowings can afford Switzerland. However, if someone put a gun to my head and said 'Switzerland or Bulgaria' I would have to go for Switzerland every time. Fashions may change but class lasts for generations.
As my 13 month old daughter has been booked on the May 2027 ascent of everest and shows no reticence in practicing up the stairs using the Bristish Army three point rule, an apartment in the swiss alps sounds like a good start. I checked mileage and distances dave. We will be about 52k/ 45 mins from you; not unreasonable a distance for those who want to Ski the Gemmi one day and 4 valleys the next. Besides you'll put the kettle on won't you....
JJB: Apologies if the posting was a bit terse - I was in a hurry. What I meant was that Switzerland is probably good for people who want to combine a mountain holiday home with reasonable appreciation, with minimum risk. Of course, some of the postings here are from people who've succesfully relocated, which is a different scenario that I'm not qualified to advise on.
However, it may be worth your looking at an apartment investment, as opposed to a chalet. Apartments are cheaper to buy and running costs are far lower, so this might change the economics. i.e. you say you have CHF 200,000 cash deposit, and this would buy you apartment.
Dave, no need to apologise! I have all but gone off the idea of a place in the snow. I do indeed have a cash deposit 200000+CHF.
I am now concerned about the weather! I watched News at Ten and they scared the life out of me. I will be using deposit closer to home. Look at my posting on global warming and ski resorts to see my current thinking.
