If you're considering investing in Europe, Switzerland is a prime destination for astute investors. Boasting a blend of stability, economic prosperity, and a robust legal framework, Switzerland presents an appealing landscape for investment. The transparency of its property market, coupled with a favourable tax environment, renders Switzerland an attractive prospect for both local and international buyers alike.
Among the many investment opportunities, one particularly intriguing asset class is chalets in Switzerland's renowned skiing locales. These areas attract high demand and have premium rental prices, not only during the winter season but also throughout spring and summer (for hiking enthusiasts). Recently, a client of ours made the decision to acquire two chalets in a prestigious Swiss skiing destination, each valued at approximately 3,000,000 CHF.
The chalets would have been rented all year long, given to a company to manage the rental, and would have been sold later in the years when the market was favourable.
To facilitate the acquisition, the clients sought financing for the remaining portion of the investment via an interest-only loan. Enness, identifying a suitable banking partner capable of providing a net loan amount covering the balance on a five-year interest-only basis. Furthermore, the client could choose between a fixed or variable rate and would have been able to renew the loan twice over the next 10-15 years.
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