Besides the stunning location, there are a number of reasons that make Andermatt a great place to own a property – for Swiss and international buyers alike.
LEX KOLLER EXEMPTION
Andermatt is the only Alpine destination in Switzerland to be exempted from Lex Koller regulations, meaning that foreign owners are able to purchase real estate and turn this unique village into a home. As a result, the town with its new and purpose-built residences attracts a global community, all drawn by the benefits of investing in property with a strong rental yield and a proven track record of consistent growth in capital value.
The canton of Uri’s top income tax rate is the second lowest in Switzerland and nearly one-half of the tax rates in Italy, Germany, France and the UK, making Andermatt a leader in low tax rates. Add to this an absence of estate taxes or gift taxes in Uri, and one gets an image of why the canton’s inheritance laws are among the most favourable worldwide.
ACCESS TO SWISS MORTGAGES
Applying for a mortgage in Switzerland is quick and easy, with Switzerland’s leading banks – such as UBS or Credit Suisse – typically willing to lend up to 70% of the purchase price. Andermatt Swiss Alp’s Sales Team has extensive experience supporting international clients with the mortgage application process.
All Andermatt Swiss Alps private properties, along with the common parts of the town, such as car parks and wider infrastructure, are managed by our in-house Customer Services Team, meaning that homes and investments are well cared for at all times. This gives owners peace of mind while they are away for longer periods of time.
RENTAL MANAGEMENT PROGRAMME
Andermatt Swiss Alps offers a rental programme on all properties in Andermatt Reuss, enabling owners to generate rental income when their property is not in private use. The company looks after the management of the property, taking care of the entire reservation process, including on-site guest assistance. Each apartment must be equipped with the standard furniture package and Andermatt Swiss Alps determines the rental prices based on factors such as location, season and competition.
When relocating their main domicile to the canton of Uri, foreign nationals can gain Swiss residency under the lump-sum taxation scheme. It’s an advantageous taxation regime for wealthy and financially sound individuals as it means that they do not have to fill in tax declarations on their global income and assets.
LOW COST PURCHASING
The cost of purchasing real estate in Switzerland is lower than in most of Europe, with costs ranging between 0.25% and 3.55% of the total purchase price. In Uri, purchasing costs are at only 0.3%, making the canton one of the most favourable in Switzerland. In addition to low purchasing costs, Andermatt Reuss has benefitted from a 78% increase in real estate value since 2012.
SECOND HOME LAW EXEMPTION
All apartments for sale by Andermatt Swiss Alps are not affected by the law on second homes (Lex Weber), a Swiss law that restricts building permits for new second homes. Andermatt is the only Alpine destination that can offer high-quality new and purpose-built residences, elevated for a global sensibility in the Swiss tradition of quality craftsmanship.
Owners enjoy discounts on season passes for the Andermatt+Sedrun+Disentis ski region, on private lessons at the Andermatt Snow Sports School and on entrance fees at Golf Club Andermatt-Realp, as well as reductions at a number of select retailers, restaurants and service providers, including The Chedi Andermatt, Andermatt Concert Hall and the Radisson Blu Hotel Reussen.