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As Switzerland pays a lot of attention to the aesthetics of the country, there will never be overbuilt zones. For this reason, the demand will always remain greater than the number of properties available… a good balance for a great investment. |
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All properties in Switzerland are freehold. |
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Most builders give between 5 and 10 years guarantee for new constructions. The building permission is subject to many regulations and therefore no property will ever be built before having adhered to the strict requirements regarding location (no risk –zone), ground (stable) and many others. |
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Sunday Homes is happy to organise the accommodation for you. Our bi-lingual agent will welcome you there and show you all the properties that could be of interest for you as well as everyone you need to see or speak. |
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The “Propriete Par Etage” (PPE) means co-ownership by floor. The co-ownership is a legal right that consists of two inextricably linked elements:
- a share of the whole building and its integral parts (totality of the property / walls / balconies / fences / concrete and floor / roof covering and plumbing / common parts, etc.).
- an exclusive right to use your defined parts of the building (your apartment and garage if applicable)
The building is divided into shares and measured in thousandths.
The administrative “control” of the PPE co-property is exercised by the co-owners’ annual general meeting.
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It is commonly estimated that the annual running costs of a building are about 0.8% to1% of the purchase price per annum.
These costs are divided up proportionally between the owners, according to the size of the apartment.
These expenses include:
- Caretaker / social security contributions
- Maintenance of building and materials
- Water / gas / electricity and heating
- Insurance and various taxes
- Gardening and maintenance of roads
- Administration fees and various expenses
- An allocation to the building’s renovation fund
The manager (of the co-property) collects the relevant amounts covering the total expenses incurred by the building. These are payable quarterly or half-yearly.
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