Property List Winter 2013–2014

Switzerland

Austria

France BASEL

ZÜRICH

BERNE

Alpine Homes Switzerland

Alpine Homes was founded in 2005 to provide a boutique service to foreign buyers looking to acquire a second home in the Swiss Alps. We now cover extensive areas of Austria and selected resorts in France. LAUSANNE

Alpine Homes can provide you with a comprehensive CHÂTEAU D’OEX start-to-finish solution for your dream ski home. We can find you land, apartments, chalets or LES DIABLERETS investment properties in Switzerland, Austria and LEYSIN CRANS-MONTANA France. Alpine Homes is pleased to be associated VILLARS SAINT-LUC with Savills as their exclusive ski property partner. VISSOIE VEYSONNAZ LES COLLONS Our local knowledge and professional insight, GENEVA OVRONNAZ NENDAZ CHAMPÉRY combined with Savills’ global reach, offers you an GRIMENTZ unrivalled service for sourcing that special ski chalet LA TZOUMAZ or apartment. VERBIER CHAMPEX-LAC ZERMATT

LUGANO Over the following pages, we are delighted to feature a selection of our properties for Winter 2013/2014. For a complete up to date listing, please visit: www.alpinehomesintl.com Geppetto apartment, Champéry, Portes du Soleil Off-plan, 3 bedroom apartment CHF 1.6m • 110m2 habitable space and 60m2 terrace • 3 bedrooms, one with ensuite • Beautiful mountain views over the Dents-du-Midi • Available for non-Swiss residents

Le Montagnier, Champéry, Portes du Soleil Off-plan exclusive luxury apartments from CHF 1.42m • 22 spacious apartments by renowned local architect • Large balconies or terrace for each apartment • Full hotel services and rental management with the apartments • Available for non-Swiss residents

Les Bouquetins 1, Champéry, Portes du Soleil Ground floor 2 bedroom apartment CHF 780,000 • 90m2 of habitable space and 120m2 of terrace and garden Cala Sona, Château d’Oex, Canton of Vaud • 2 bedrooms with ensuite bathrooms and two master bedrooms • 2 bedrooms, 1 bathroom and 1 separate WC Large exquisite family chalet • Very large and generous living area with open plan kitchen • Covered parking space, cellar and ski locker CHF 4.5m • Covered terrace and wraparound balcony offering wide • Available for non-Swiss residents mountain views • Available for non-Swiss residents

Les Fagots 6, Champéry, Portes du Soleil Les Chalets, Champex-Lac, Valais Luxury 3 bedroom attic apartment Adjoining family chalets CHF 2.3m from CHF 680,000 • 152m2 of habitable space • Arranged over 4 levels with 3 bedrooms • 3 bedrooms, two of which have an ensuite bathroom • Spacious living accomodation • Contemporary architecture with voluminous ceilings • All the chalets overlook the lake and fireplace • Available for non-Swiss residents • Available for non-Swiss residents

Chalet Les Cascades, Champéry, Portes du Soleil Chalet Breday, Château d’Oex, Vaud Large family chalet Beautifully renovated family chalet CHF 2.95m CHF 3.5m • 6 bedrooms, one of which is a master bedroom • 195m2 of habitable space • Bright living area with central open stone fireplace • 3 bedrooms with ensuite bathroom • Large terrace and wraparound balcony with lovely • Fully renovated in 2009 mountain views • Available for non-Swiss residents • Available for non-Swiss residents Residence Mont-Lac, Champex-Lac, Valais 19 charming apartments with lake views from CHF 395,000 • 1-3 bedroom units ranging from 50 to 135m2 • Pool, spa, sauna and relaxation area within the residence • Mountain and lake views • Available for non-Swiss residents

Chalet Antarès, Crans Montana, Valais Exceptional family chalet price on application • 242m2 of habitable space • Very sunny exposure and close to the centre • Luxury finishes throughout the chalet • Available for non-Swiss residents

Châteaupré C, Grimentz, Val d’Anniviers Alpine style apartments from CHF 833,000 • 4 apartments each offering 4 bedrooms • Built to the client’s specifications • Located close to the ski lifts Le Hameau des Bois, Les Masses, Four Valleys • 4 bedroom off plan family chalets Luxury family chalets in the heart 2 2 • Available for non-Swiss residents • 140m of living space and 65m of terrace and balconies of the Four Valleys • Located just a few minutes walk to the town centre and the from CHF 990,000 new ski lift • Available for non-Swiss residents

Hameau Les Gères, Grimentz, Val d’Anniviers Plein Soleil, Grimentz, Val d’Anniviers 2 luxury off-plan chalets 5 alpine chalets to be built from CHF 915,000 from CHF 975,000 • 4 bedrooms and 2 bathrooms • Built to the client’s specifications • Renovation of old style chalets • 170m2 of habitable space + terrace • Located on the edge of the village • 5 bedrooms and large living area • Available for non-Swiss residents • Available for non-Swiss residents

Les Flives, Grimentz, Val d’Anniviers Chalet l’Aiglon, La Tzoumaz, Four Valleys Luxury traditional chalets Family chalet with mountain views from CHF 1.95m CHF 1.38m • Only 2 chalets remain for sale • 3 bedrooms plus mezzanine • Large internal spaces and old wood exteriors • Large living room with open plan kitchen • Wide panoramic mountain views • Wide mountain views over the Rhône Valley • Available for non-Swiss residents • Available for non-Swiss residents Mon Abri, Les Diablerets, Vaud 2 alpine style apartments from CHF 898,500 • 3 or 4 bedroom apartments already furnished • Fitness area, sauna and carnotzet in the building • Minutes away from the ski lifts and the town centre • Available for non-Swiss residents

Residence Ermitage, Les Diablerets, Vaud Renovated apartments with central location from CHF 345,000 • 1 to 4 bedroom re-designed and renovated apartments • Day-time and night-time area in each apartment • In the heart of the village, facing the mountains • Available for non-Swiss residents

En Caudraule, Leysin, Vaud 2 off plan chalets CHF 1.975m • 4 bedroom chalet with 210m2 of habitable space • Built to the client’s specifications • Double garage • Available for non-Swiss residents

Chalet Bermouche, Nendaz, Four Valleys 4 off plan chalets from CHF 980,000 • Chalet sizes vary from 95m2 – 180m2 • 3 bedrooms with ensuite bathroom • Very central yet quiet location • Available for non-Swiss residents

Chalet Chez Vincent, Nendaz, Four Valleys Chalet Le Bleusy, Nendaz, Four Valleys Renovated linked chalet Off plan contemporary chalets CHF 560,000 from CHF 890,000 • 65m2 of habitable space over 2 levels • Chalet sizes vary from 119m2 – 150m2 • 2 double bedrooms, shower room and toilet • Only a few minutes drive from the centre of the resort • Bright living area with wood burning stove • Breathtaking mountain views and rare tranquillity • Available for non-Swiss residents • Available for non-Swiss residents Chalet Esprit, Saas Fee, Valais Recently built contemporary chalet CHF 1.95m • 200m2 of habitable space on 3 levels • Built by renowned Zurich architect • 4 bedrooms, 3 of which have ensuite bathroom • Available for non-Swiss residents

Chalet Odone, St-Luc, Val d’Anniviers Off-plan family chalet CHF 1.25m • 156m2 of habitable space built to the client’s specifications • 4 bedrooms and 2 bathrooms • Spectacular wide mountain views • Available for non-Swiss residents

Les Tsatelets, St-Luc, Val d’Anniviers 4 off plan alpine style apartments from CHF 585,000 • 2 to 4 bedrooms and large living area • Year-round sunshine and amazing mountain views Mer de Glace, Nendaz, Four Valleys • Exceptionally high quality standard finishes • Balcony or terrace for each apartment High-end apartment project with ideal location • Panoramic mountain views over the Rhône Valley • Available for non-Swiss residents from CHF 825,000 • Privileged access to the wellness and spa facilities • Available for non-Swiss residents

Les Etoiles de Nendaz, Nendaz, Four Valleys Cabane de La Matze 4, 9 luxury freehold apartments Thyon-Les Collons, Four Valleys from CHF 1.84m CHF 309,000 • 3 to 4 bedroom apartments with terrace or balcony • 45m2 studio apartment plus balconies • Fitted and equipped to the highest standards • Large South-facing balcony with panoramic mountain views • Very central location and easy access to the ski lift • Very unique ski-in ski-out property • Available for non-Swiss residents • Available for non-Swiss residents

Les Chalets, Ovronnaz, Valais Cabane de La Matze 9, Authentic alpine style chalets Thyon-Les Collons, Four Valleys from CHF 597,000 Penthouse apartment CHF 849,000 • 4 different layout types available with 3 bedrooms 2 • Very quiet and typical alpine location • 128m of living space plus balconies • Built to the client’s specifications • 4 bedrooms, 1 bathroom and 2 shower rooms • Available for non-Swiss residents • Very unique ski-in ski-out property • Available for non-Swiss residents Chalet 4 Frères, Verbier, Four Valleys Stunning old wood chalet CHF 6.5m • 312m2 of habitable space over 3 levels • 5 bedrooms and generous living area with mountain views • Lower part of the chalet could be rented separately • Available for non-Swiss residents

Chalet Atka, Verbier, Four Valleys 5 bedroom luxury ski-in ski-out chalet price on application • Beautiful combination of alpine materials with modern appliances • Separate and independent staff apartment • Nestled in Verbier’s most desirable area of Les Esserts • Available for non-Swiss residents

Chalet Murphy, Verbier, Four Valleys Magnificent family chalet CHF 5.8m • Authentic alpine style chalet built in dark wood • 4 bedrooms, one of which is a large master bedroom Chalet Ayaclo, Verbier, Four Valleys • Very large individual chalet with masses of potential • Located in the desirable area of Les Esserts Exclusive spacious ski-in chalet • Located in a popular area of Verbier and close to bus stop • Available for non-Swiss residents CHF 3.5m • Secluded spot yet short walking distance to the centre of the resort • Available for non-Swiss residents

Apartment Bagnardise, Verbier, Four Valleys Chalet Le Sittelle, Verbier, Four Valleys Very central alpine style apartment Exquisite double chalet estate CHF 1.95m price on application • 115m2 of habitable space with 4 bedrooms • Twin chalet estate completed in 2009 • Direct and easy access to the Medran lift • Uniquely ski-in from the popular slope of Le Rouge • One of Verbier’s most centrally located residences • Meticulous standard and quality • Available for non-Swiss residents • Available for non-Swiss residents

Apartment Le Kid, Verbier, Four Valleys Chalet Merzouga, Verbier, Four Valleys Beautiful South oriented apartment Very bright and luxurious chalet CHF 950,000 CHF 4.8m • 75m2 of habitable space offering 2 bedrooms • 300m2 of habitable space over 3 levels • Large wraparound balcony with wide mountain views • 5 bedrooms, 3 bathrooms and large living area • 3-5 minutes walk to the famous Place Centrale • Situated in the quiet area of Patier in Verbier • Available for non-Swiss residents • Available for non-Swiss residents Chalet Nevalis, Verbier, Four Valleys Unique new build chalet price on application • Built by a very well known architect • 4 double bedrooms, one of which is a superb master bedroom • The project includes a swimming pool and a games room • Available for non-Swiss residents

Chalet Potala, Verbier, Four Valleys Contemporary alpine chalet CHF 5.9m • 250m2 of habitable space over 4 levels • Elevated position offering amazing views • Beautifully renovated in 2009 • Available for non-Swiss residents

Cordée des Alpes, Verbier, Four Valleys 2 exclusive penthouses in luxury residence from CHF 6.655m • Ideal location, near the centre of Verbier • Finished to the highest standards reflecting the mountain environment Le Hameau du Ciel, Veysonnaz, Four Valleys • 165m2 of habitable space plus balconies and terrace • Access to all the facilities and services in the Ski-in ski-out family chalets hotel complex • Located on the ski slopes yet with easy access to the resort from CHF 1.96m • Available for non-Swiss residents • Stunning panoramic views over the Rhône Valley • Available for non-Swiss residents

Pegase penthouse, Verbier, Four Valleys The Alps Nest, Verbier, Four Valleys Modern duplex penthouse Exclusive off plan bespoke chalet CHF 4.3m CHF 1.8m • 213m2 with 5 bedrooms and 5 bathrooms • 145m2 of habitable space with 2 bedrooms and one • Centrally located a few steps away from the village large master bedroom centre and shops • Designed by well known local architect Cittolin Polli • Two balconies offering wide mountain views • Located in the prime area of Les Esserts • Available for non-Swiss residents • Available for non-Swiss residents

Rosalp Residence, Verbier, Four Valleys Verbier penthouse, Verbier, Four Valleys Landmark luxury residences Beautiful 3 bedroom contemporary penthouse from CHF 2.49m CHF 6m • 4 apartments available, ranging from 2 to 4 bedrooms • 213m2 penthouse in the Daray building • Apartment owners will exclusively benefit from a • Very bright and light living accomodation 2 600m spa • Located close to the centre and the ski slope • Prime location at the centre of the resort of Le Rouge • Available for non-Swiss residents • Available for non-Swiss residents Les Crêtes, Veysonnaz, Four Valleys Alpine family chalets from CHF 1.375m • 140m2 of habitable space plus balconies and terrace • Combining traditional style exteriors with the modern comforts • Built to the client’s specifications • Available for non-Swiss residents

Land plot, Veysonnaz, Four Valleys A rare chalet development opportunity CHF 620,000 • Outstanding ski-in ski-out plot of 1,800m2 • The plot sits in a private position above the village • Planning consent for the construction of a luxury chalet of 340m2 • Available for B permit holders or swiss residents

Gryon plot, Villars-Gryon, Vaud Chalet plot with planning permission CHF 350,000 • Planning permission for traditional design chalet • Secluded area in Gryon with lovely mountain views

Chalet Tchoueille 11, Veysonnaz, Four Valleys • 180m2 of habitable space over 2 levels • Cost of the chalet is not included Spacious modern chalet • 5 double bedrooms, 3 of which are ensuite • Available for non-Swiss residents CHF 1.34m • Elevated sunny position yet close to the centre of the resort • Available for non-Swiss residents

Balcons du Soleil II, Veysonnaz, Four Valleys Le Haut Closel, Villars Gryon, Vaud Top floor alpine style apartment Luxury modern apartment CHF 750,000 CHF 895,000 • 76m2 of habitable space and 12m2 balcony • 110m2 of habitable space • 2 double bedrooms, mezzanine and two bathrooms • 3 double bedrooms and 2 bathrooms • Sunny balcony with wide mountain views • 5 minutes walk to the Gryon telecabine • Available for non-Swiss residents • Available for non-Swiss residents

Chalet Mac, Veysonnaz, Four Valleys Les Cèdres, Villars, Vaud 5 bedroom family chalet Large family chalet CHF 1.975m CHF 2.95m • Generous accommodation over 3 levels plus balconies • 275m2 of habitable space and 1400m2 of plot and terraces • 5 bedrooms and a mezzanine • Completed in 2007 to a high specification • Close to all commodities and with nice mountain views • Quiet yet convenient location close to the centre • Available for non-Swiss residents of the resort • Available for non-Swiss residents Renard d’Argent, Villars, Vaud Modern eco-friendly chalet CHF 3.495m • 4 double bedrooms and 4 bathrooms • Stunning views across the Rhone valley to the Dents du Midi mountain peak • Wellness area including sauna, hammam and Jacuzzi • Available for non-Swiss residents Les Cimes, Villars Barboleuse, Vaud Exceptional alpine style apartment CHF 1.7m • 145m2 of habitable space and 48m2 of south facing balconies • 3 double bedrooms and 2 bathrooms • Ski-in ski-out residence • Available for non-Swiss residents Austria

Royalp, Villars, Vaud Prestigious 5* apartment CHF 1.95m • 117m2 of habitable space • 3 double bedrooms and 3 bathrooms • Located in the 5* hotel Royalp Hotel & Spa • Available for non-Swiss residents

La Réserve d’Ayer, Vissoie, Val d’Anniviers Renovated traditional chalet CHF 1.305m VIENNA • Generous living space and natural materials LINZ • 4 double bedrooms and spacious living/dining room • South facing terrace with garden TRAUNSEE • Available for non-Swiss residents NEUKIRCHEN SALZBURG

KITZBÜHEL

INNSBRUCK ALPBACH WAGRAIN ZELL AM SEE Chalet Le Nomade, Vissoie, Val d’Anniviers MURAU GRAZ Contemporary off plan chalet BAD GASTEIN SOLDEN CHF 1.69m KREISCHBERG

• 228m2 of habitable space over 3 levels TURRACHER HÖHE KLAGENFURT • 5 bedrooms and large living area • Option to create a self-contained apartment in the basement • Available for non-Swiss residents

Residence Orgon, Zermatt, Valais Bright and spacious duplex penthouse CHF 3.35m • 3 bedrooms, one of which is a large master bedroom • Located just 5 minutes walk from the village centre • The apartment is sold fully furnished • Available for B permit holders or Swiss residents Alpbach chalet, Alpbach, Tyrol Beautiful alpine chalet EUR 990,000 • 267m2 and set on a plot of approximately 1,042m2 • Built in 2001 in a traditional Tyrolean construction • Ideally located within a short walk from the village and ski lifts • Available for non-Swiss residents

Chalet Fountainfield, Reith, Kitzbühel Luxury traditional chalet CHF 5.2m • 480m2 of habitable space and 53m2 of terrace • 4 bedrooms, all with ensuite bathrooms • Chalet features all the very latest technologies

Chalet Reith, Kitzbühel, Austria Exceptional new luxury chalet EUR 6.9m • 650m2 of habitable space • Stunning state-of-the-art chalet beautifully and masterfully finished • All rooms open out onto balconies or terraces

Country Club chalet, Reith, Kitzbühel Typical spacious Austrian chalet EUR 2.2m • 381m2 of habitable space • 3 bedrooms and large living area • Spectacular views of the Wilder Kaiser and Kitzbüheler Horn mountains

Design chalet, Kitzbühel, Tyrol Contemporary bright chalet EUR 4.2m • Unique state-of-the-art chalet • Newest technical solutions and design elements throughout the chalet • Walking distance to the centre of Kitzbühel Kreischberg chalets, Styria, Austria • Located at the foot of the Kreischberg ski region and all the resort’s amenities. High quality detached chalets • Chalet is professionally rented out and offers attractive rental income from EUR 189,000 • All chalets are detached and built to order Villa am See, Kitzbühel, Tyrol • 550m2 of habitable space over 3 levels Feriendorf Murau, Styria • Perfect dual-season project High-tech luxury chalet • Plot area of 900m2 with terraces and gardens High-quality chalets • Located between 2 ski resorts EUR 4m • Boundless comfort combined with the latest technology from EUR 142,000 • Excellent rental potential

Kitzbühel Estate, Tyrol Exclusive chalet, Sölden, Austria Luxury double estate chalet Off plan family chalet price on application EUR 1.49m • Located on a southern slope on a plot of 8000m2 • 160m2 of living space on 2 levels • 13 bedroom suites, each beautifully finished • 4 bedrooms, large balcony, terrace and garden • Private location, yet close to the centre of Kitzbühel • Land plot of approximately 1600m2 • Extensive leisure facilities including indoor pool and spa, gym and cinema room

The Residence Neukirchen, Wildkogelbahnen Parkvillen, Altmunster, Upper Austria Alpine living apartments Contemporary alpine apartments from EUR 224,900 from EUR 126,000 • 20 spacious apartments, all with wonderful views • 81 luxury apartments for sale over 9 houses • Located next door to the ski gondola and the centre • Most apartments have large terraces or balconies of the town overlooking Lake Traunsee • 2 to 3 bedroom apartments ranging from 64m² to 90m² • Large heated swimming pool in the residence France

Türracher Höhe, Styria, Austria Detached ski lodges, off plan from EUR 355,970

• 3 or 4 bedrooms over 2 or 3 levels GENEVA • Eco-friendly construction • 120m2 to 140m2 of living space • Stunning scenery

CHAMONIX LYON LES HOUCHES

Grafenberg, Wagrain, Salzburgerland VAL D’ISÉRE Exclusive alpine apartments MERIBEL from EUR 204,500 COURCHEVEL • 57 apartments from 1 to 2 bedrooms • Ideally located adjacent to the Grafenberg gondola • Internal living area of 47m2 to 67m2 • Last few remaining

Eder Park Residences, Zell am See, Lake Zell New build apartments from EUR 292,000 NICE MONTPELLIER • 14 luxury apartments over 4 floors (phase 2 to follow) • 1 to 3 bedroom apartments • Centrally located in the famous dual season resort MARSEILLE of Zell Am See • Full rental and management service

Residence Adler, Saalbach Hinterglemm Luxury ski-in ski-out apartments from EUR 400,000 • One of the most sought-after holiday destinations in Austria • 40 stylish, luxury apartments ranging from 1 to 4 bedrooms • Ski-in ski-out residence located close to the centre and the gondola Maison Neuve, Les Houches Alpine family apartment EUR 695,000 • Amazing views of the Chamonix Valley • 4 bedrooms and 2 bathrooms over 3 levels • Unique ski-in ski-out location in Les Houches

The Lodge, Le Lavancher, Chamonix Les Balcons de la Chapelle, Meribel, 3 Valleys Authentic lodge for renovation Semi-detached chalet EUR 3m EUR 3.25m • A unique opportunity to renovate a 6 bedroom • Only one semi-detached chalet left for sale mountain lodge • Beautiful views over the valley and church La Chapelle • Located in the charming village of Le Lavancher Notre Dame des Neiges just five minutes from Chamonix • Built to the client’s specifications • The location offers a true Alpine haven of peace and nature Market Overview 2013/2014

If, figuratively speaking, the last visitor numbers to the Alps began As the graph below shows, the 3 seasons were blizzards with the to increase again for the first time majority of Swiss resorts still occasional occluded front, the since 2008. command a premium over the average spring of 2013 signalled the first of all resorts surveyed. However, this The flight to safety is now clear, of the blue sky powder days in means that Austrian resorts look with buyers looking to invest in the Alpine property market. remarkably good value by comparison, economically-stable locations (roughly half the cost on average of with trusted regulatory and legal Transaction numbers doubled in Switzerland), with their French cousins environments. Our recent research the first half of 2013 compared to somewhere in between. With the shows that while most active the same period in 2012. Following Lex Weber legislation in Switzerland prospective buyers are ‘lifestyle’ price corrections in the 2011 – 2012 restricting the number of new second buyers, they are also looking to period, asking prices in all of our homes to no more than 20% of the cover their costs through letting benchmarked resorts have stabilised total, this trend looks set to continue in their property. in 2013. Indeed, 55% of all resorts the future. Also, with credit in Europe surveyed are now showing an increase Currently, 8 out of 10 prospective and Switzerland both accessible and in asking prices. During the crisis, Alpine Homes’ buyers aim to let their affordable, supply still limited in the buyers understandably remained property when not using it themselves. most favoured resorts and skiing cautious, with many waiting in the Alpine property has also become more growing again in popularity; we wings until the snow storms had of an international phenomena, with foresee sustained periods of sunshine cleared. Since November 2012, the 23% of Alpine Homes’ buyers being and blue skies in the Alpine property outlook has been very different. Any expatriates. These typically comprise market for at least the next 12 months. decline in property values in the Alps UK, US and other European nationals Jeremy Rollason appeared to have arrested, or at least working in key international financial Managing Director slowed down and as one of the best centres such as London, Singapore, ski seasons on record played out, Hong Kong and Geneva. Alpine Homes in association with Savills

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-20% Chalet Le Grenier, Meribel, 3 Valleys Large luxury new build chalet -40% EUR 6m % price premium compared to average across all Alpine resorts -60% • A short walk away from the Morel ski lift Villars Davos Flims Flaine Verbier GstaadZermatt Nendaz Megève Méribel St Moritz KlostersWengen Morzine Saalbach • Rare opportunity to own a large new chalet in Meribel Grimentz Chamonix La Plagne Kitzbühel Val-d’IsèreCourcheval Zell amObertauern See Grindelwald Bad Gastein • Located in a dominant position on the road to the Altiport and the Golf Crans Montana Lech / St Anton

Note: Calculations based on average asking price ( /m2) for apartments in 2013 Buying a home in Switzerland Buying a home in Austria

In order to purchase property in Permit “B” The buyer must then wait for the Buying a home in Austria is a simple The first steps for a buyer are the For those purchasers who take out an Switzerland, a series of straightforward A “B” permit (permis de séjour) is an permit. The waiting time is variable; process. As an EU citizen you are signing of the “Kaufanbot”, this is a Austrian mortgage on their property steps need to be completed. The annual residence permit. It allows a quota of permits is delivered per legally entitled to own a property legally binding contract to buy and the (assuming a borrowing of 60% of the legal paperwork will be handled by you to spend 180 days or more in year, per canton and per commune within Salzburgerland, Austria. document must be signed by both the purchase price), the initial 40% should the notary who in most cases works Switzerland per year. The “B” permit and the governing bodies convene All titles are freehold (even for developer and the buyer. This can be be paid to your bank, who will then on behalf of both the developer and also entitles the holder’s spouse and periodically thus making an exact apartments) and the rules are formal done separately (or by fax) and does liaise with your solicitor to release the buyer; this is common practice children under 18 to live with the estimate difficult. During this time, and simple and ensure the buyer a not require a witness. the monies. The monthly mortgage in Switzerland and simplifies many permit beneficiary (for EC citizens the buyer must make the agreed safe and easy purchase. repayments do not commence until Upon signing the Kaufanbot, 10% tedious operations (n.b. He or she is there is a more flexible version of the payments (for off plan property). the apartment is completed, approved of the purchase price is due to the appointed to protect the interests of “B” permit which gives more rights to In order to purchase a property in by the Austrian architect, solicitor, Once the certificate has been issued developer. This, as with any payment, both parties). the beneficiary). Austria, a number of straightforward and government, and the building (prior to the permit), the notary is then is paid from the purchaser to his / steps need to be completed. The legal has officially been handed over. Permit “C” entitled to release the funds received her solicitor who holds the money on If you are not in possession of a “B” paperwork will be handled by your A “C” permit is a permanent residency from the buyer to the developer’s “Escrow” and only releases the money Costs or “C” permit and are not planning to Austrian solicitor who, in most cases, permit. Depending on your citizenship, bank. The developer’s bank then once he is satisfied he should legally The costs of buying a property in apply for one, you are allowed to reside works on behalf the developer and the “C” permit is obtainable after 5 transfers the funds to the developer do so and the Austrian government Austria total approximately 6.5% of in your property for a maximum of the buyer. This is common practice or 10 years of residence with a “B” according to a certain construction/ have agreed. the purchase price. These costs are 180 days per annum with a 3 month in Austria and simplifies the process. permit, it has fewer restrictions and completion schedule – there is normally the responsibility of the maximum term per stay. Your property The solicitor will be legally acting in The other option is to proceed straight gives the beneficiary similar privileges therefore a second entity involved purchaser and are not included in is also subject to a square meterage your best interests but by sharing a to contract. This is the actual contract to those of a Swiss national in terms of with the transfer of funds and the any mortgage offer. They include: limitation of between 200m2 and solicitor and the notary, the costs will to purchase and this will mean the property purchase, etc. follow-up of the build. The property 250m2, you cannot own more than one be significantly reduced. signing of the contract drawn up by • Real Estate Transfer Tax 3.5% acquisition becomes official when the property in Switzerland and can only The process for a foreign buyer the solicitor and signed in front of the owner’s name appears/is registered in • Land registration fee 1% purchase in certain areas. The first step is signing the “Contrat notary. If the purchaser is in Austria, the land registry. • Solicitor and Notary fees de Vente” (sales contract) or then this can be done in front of the and charges 2% Should you wish to apply for residency, “Promesse de vente” (Promise of Costs notary or alternatively this can be or if you require advice regarding tax sale equivalent to Sales acceptance). The average cost for the legal signed and witnessed at the Austrian • Purchase Contract Registration Fee laws, Alpine Homes International can This can be done in front of the Swiss procedure, including the Notary Embassy in London or the Austrian Note: The solicitor’s fees shown above introduce you to a renowned Financial notary or a Power of Attorney and can Fees, Land Registry and permit Consulate in Birmingham. If this is assume the purchaser uses the same and Tax Consultancy. be signed before a notary in the UK. A applications in Canton Valais, amounts the case, a small administration fee of solicitor as the developer, otherwise nominal percentage of the purchase to approximately 2.7% to 3.3% of the approximately £80 is payable locally. these costs rise to approximately 3.5%. funds need to be transferred to the purchase price and 4.8% in Canton The contract must also then be signed Taxes notary at this time. The buyer is then Vaud. Other cantons vary. by the developer and this signature If you own a property for 10 years or requested to sign a “Declaration must be witnessed by any of the Taxes more in Austria, then the capital gains sur l’honneur” (A document legally above. Upon signing the contract to We suggest that you seek legal tax is currently zero. If a property is certifying that the buyer does not own buy, 15% of the purchase price is due advice from tax experts regarding sold within 1 year then the capital any other property in Switzerland). to the developer. the Swiss taxation system as rates gains tax is 40% of the net gain. This Following the completion of these two vary according to the canton and Once the above is completed, then reduces by a sliding scale every year points, the notary then puts together the commune in which you are the title deeds are prepared by the the property is held (from forty to zero a dossier for your permit application purchasing, and the status you will solicitor and then entered in the land over 10 years). including site plans, floor plans, square have as a property owner (resident or registry upon completion and hand Inheritance tax is currently very low meterage etc, all countersigned by non-resident). over of the project. (approximately 4%) in Austria if the the architect. This dossier is then We have more information available The rest of the purchase monies property is passed to a next of kin or sent to the legal department of the on taxation, and we can recommend are released to the developer upon sibling. Other rates vary. Land Register. A certificate is then relevant tax experts. certification from the architect and issued confirming that the dossier is The above is a guide and we suggest approval from the solicitor and complete and that all the prerequisites you seek legal advice from the tax Austrian government through the for the permit are fulfilled. experts regarding the Austrian various construction stages in phased taxation system. payments, according to the sale and purchase contract. Buying a home in France Contact

In order to purchase a property in The process for a foreign buyer When buying a new build property Alpine Homes International Important Notice France, a series of straightforward The first step is signing the off plan, the legal regime is a VEFA Espace des Remparts 10 Savills, Alpine Homes International and their clients give notice that: steps need to be completed. The “Contrat de Vente” (sales contract) (vente en l’Etat Futur d’Achevement). 1950 Sion, Switzerland 1. They have no authority to make or give any representations or legal paperwork will be handled by or “Compromis de vente”, this can Under this system, a Contrat de warranties in relation to the property. These particulars do not form Office : +41 27 323 77 77 the notary who in most cases works be done in front of the French notary Reservation (reservation contract) is part of any offer or contract and must not be relied upon as statements Fax : +41 27 323 77 78 or representations of fact. on behalf of the vendor and the or a Power of Attorney can be signed used; detailing the staged payments 2. Any areas, measurements or distances are approximate. The text, purchaser; this is common practice before a notary in the UK. that are to be made to the vendor on [email protected] photographs, illustrations and plans are for guidance only and are not in France and simplifies operations. completion of predetermined points in www.alpinehomesintl.com This is a legally binding document, necessarily comprehensive. It should not be assumed that the property The notary is therefore appointed to the construction process. has all necessary planning, building regulation or other consents committing both buyer and seller. protect the interests of both parties. and neither Savills, Alpine Homes or their clients have tested any The contract will ordinarily set out A reservation fee or deposit is payable services, equipment or facilities. Purchasers must satisfy themselves in detail the property being bought, on signature and this is ordinarily 5%. Savills International by inspection or otherwise. the price, the parties to the contract, The acte de vente will follow in due 33 Margaret Street 3. These particulars were prepared from preliminary plans and details of title, the period of signing course. London W1G 0JD specifications before the completion of the properties and are intended the final deed of sale (acte de vente) only as a guide. They may have been changed during construction Notary Fees Office: +44 (0)20 7016 3740 and final finishes could vary. Prospective purchasers should not rely which is more often than not 60 days, There is a structured system for Fax: +44 (0)20 7016 3749 on this information but must get their solicitor to check the plans and other essential clauses. It will also notaries’ charges that are fixed by law, and specification attached to their contract. Prices correct at time state the name of the notary dealing of going to print. October 2013. these amount to: www.savills.com and who is responsible for the various costs of the transaction. • 1.3% of the purchase price under 50,000 If the buyer intends to obtain a loan to buy the property, this should be • 1% of the purchase price stipulated in the preliminary contract. over 50,000. The contract should be cancelled if For second hand property, French the buyer is unable to obtain a loan conveyancing costs are likely to range within the specified conditions. from 6% to 8% of the purchase price, A 10% deposit will normally be including stamp duty and various payable on signing. taxes but excluding any UK solicitors’ costs. A 7 day cooling off period is afforded to the purchaser (using the correct For new build property, French procedure) allowing them to cancel conveyancing costs are likely to range the contract. After that period, the from 3% to 5% of the purchase price, deposit will be lost if the purchaser including stamp duty and various fails to complete, except if the reason taxes but excluding any UK solicitors’ is due to one of the suspensive costs. clauses. In that case, by law, the Charges are subject to TVA (VAT) deposit will be refunded to the buyer. of 19.6%. Then there is a formal Deed of Sale called the “acte de vente”. This is the Taxes title deed proving who is the property We suggest that you seek legal owner and containing a detailed advice from tax experts regarding the description of the property. French taxation system, as rates vary depending on assets held in France, and the purchase structure. We can put you in touch with relevant tax experts, if required.