|
 Switzerland is, certainly, the most stable country
in Europe with the adequate legal aspects and most
respondents will be of the same opinion. Switzerland
is the small state in the center of the Old World
that can sing praises with gorgeous figures of economical and political stable
condition, high level of trust from foreign partners. The fact that Switzerland has
not been involved in armed conflicts for over five hundred years is worth
considering and deducing. Such outstanding features made the country attractive
from the investment-making point of view. The real estate in Zürich, the capital
of Switzerland, is one of
the most profitable and safe capital investment objects in Europe.
Switzerland is the jural state as of the rights
and the supremacy of law is ranked as the religion and the legal basics of each
sphere of life are worked to fines details. Most provisions of the land-laws and
civil legislation seem to be illogical and questionable to the foreign person
so unprepared to such unexpected go, though. So, if in the sphere of investment
purchase of real estate the foreign investor faces the provision that
non-resident foreigner is forbidden to purchase the real estate within the
bounds of cities, including Zurich, it will seems wild, at first sight.
With the
purpose to comprehend the reasons and such limitations in purchase of property,
it will be good to analyze the civilized legislation of Switzerland.
The prohibition to purchase the real estate is not limited in large cities as Zurich or Geneva.
One and a half thousand quotas are assigned annually for the country that
allows the foreigners to purchase real estate in Switzerland. The quotas are distributed
among cantons, the territorial entities of the country. If the situation is considered
from the view of investments into the capital real estate, it is clear that
prohibition to purchase the apartments within the city was conditioned with the
limit of spacing resources and non-regulated speculation in case when
legislative control is lessened.
As a result
of such artificial limitation, the real estate market in Zurich with involvement of foreign citizens
is likely to orient the investment into the sector of commercial estate since in
the capital of stability and order a lot of commercial organizations and
companies are placed. The commercial real estate acts as the alternative
treasure of funds to invest.
The commercial
real estate of Zurich
is presented, mainly, by the area in business-centers and specially erected
structures of the uninhabited sector. The most profitable and safe investments
are those made to commercial real estate of the most reputed and busy and
densely business districts in Zurich as Bahnhofstrasse, Altstetten and Enge.
Zurich is the special place with the
typical feature of the strongest inclination towards the elite office estate
which is high even in the conditions of crisis. This is conditioned, first,
with the special status of the city, high concentration of reputed companies
and organizations based in Zurich
though from foreign countries, and the absence of non-elite real estate in the
centre of the capital.
The most attractive
investment-making activity is purchase of the area in the business center or
purchase of the entire building under construction in case of considerable
funds. On average, the cost of the square meter of the office area of middle
class is available for 3 to 7 thousand Euros. The entire building totals for about 5.5 -13
million Euros in regards to the area.
The peculiarities
to change the prices for the real estate rather reassure. The elite real estate,
both dwelling and commercial, is extremely stable and attractive in view of the
free price formation, and the tendencies of the descending price are tracked in
regards to the similar property too rare. The Enge district in Zurich is the example of
the general growth of the price for office estate.
The
procedure to acquire the real estate in Zurich
and in Switzerland,
on the whole, is quite complicated, though a range of valuable warranties are
provided to the owner and purchaser. Legal control over the real estate turnover
is specified by the too wide normative base, and thus, with the purpose to make
transaction, most investors use services rendered by special consulting and
legal companies. The specialists state that the similar scheme of real estate
purchase is the most appropriate.
As the specialist
total, in first five years of real estate lease the owner received half of the
cost of the office premises. The commercial real estate in Zurich is the reliable and quite profitable
investment object, whatever they say. And once a person owns considerable
assets and looking for investment objects, you go straight to Zurich real estate.
|
