Thursday, December 3, 2009

Choosing where to buy a property overseas used to be simple - if you didn't already have a preferred destination, you would sit down and write a list of requirements and there would only be a handful of places that would fit the bill. Now, not only have those priorities changed significantly, but the number of countries and regions in which those things are available has grown hugely in just a couple of years.

Without wanting to stereotype buyers too much, the list of desires used to be made up of things like good weather; close to the beach; not too far to travel; relaxed lifestyle; low cost of property and cheap living expenses. With the way the world has changed, people still want all of those things, but are also now just as concerned with things like green credentials, capital appreciation and rental yields. How do buyers go about finding all of these things in one property overseas?

One of the most often overlooked solutions to this is buying in Switzerland. This famously-independent nation is not only rich in monetary terms; it has the stunning mountain scenery of the Alps, great food and a family-oriented lifestyle. The country is also one of the easiest in Europe to reach, acting as a hub for many of Europe's airlines, a destination for high-speed trains and is well-served by road links should you prefer to take your own car. Further servicing the requirements of the modern buyer, Switzerland has some of the cleanest air and natural water supplies in Europe, is perfectly placed as a year-round holiday destination, and has a loyal and growing following among tourists from across the world.

Perhaps in the current climate, the financial part of things is more important than ever, and the fact that Switzerland can offer true year-round rental potential is an important consideration for investors. Holiday home website holidaylettings.co.uk has just published the findings of survey of its members and their motivations for letting out their property. The survey discovered that 84 per cent of their customers rent out their property (in the UK or overseas) out of a necessity to cover their costs or in order to generate extra income. With one third of their customers having a mortgage which is 76 per cent LTV (loan-to-value) or higher on their second property, this is understandable.

The longer buyers are able to generate income from their property, the more potential rental income they can make in any given year. In other words, the length of the rental season can be directly related to the amount of money that can potentially be made from short-term lets. As Switzerland is perfectly set up to take advantage of both the winter skiing and summer outdoor activity seasons, and has great options for access, the potential for rentals is about as good as can be found in Europe.

Those searching for somewhere away from the stress and pollution of living in the UK's cities will also find that Switzerland offers fresh, clean mountain air and clear meltwater streams of fresh water. Switzerland is famously strict on pollution from cars and industry alike. Even though the beach in a traditional sense is hundreds of miles away from landlocked Switzerland, the huge numbers of mountain lakes make getting to lay out in the summer sunshine next to the waves and enjoy a swim in the bracing waters easy.

0 Comments:

Post a Comment