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[email protected] NEWSLETTER Editorial he "Law on regional development (LAT) T of 01.05.2014", ... the "Law on second homes (LRS) of 01.01.2016"... The legislator’s The acquisition of holiday homes in Switzerland ingenuity knows no bounds and the situation has moved on a lot since our first newsletter by foreigners from outside the EU and EFTA, on the subject (No. 5), which focused on the without a permanent residence permit (C permit) conditions under which a person regarded as foreign (generally and put in simple terms, usually a national from a country outside the European Union) may acquire a second home 1 in Switzerland, in accordance with the Introduction Swiss law has recently evolved further in this Federal Law on the acquisition of real estate domain, since the Law on Second Homes by persons domiciled abroad (LFAIE). The advantage of having one of the best came into force on 1 January 2016; it bars Although the two laws mentioned above qualities of life in the world has made new second homes from being built in pursue different goals from those of the LFAIE Switzerland an attractive country in which municipalities where they already constitute of 1983, they are superimposed on it. to acquire property. Given the environment, more than 20% of residences. In addition, It is true that, during this period, Switzerland its economic stability, security and tax ad- the cantons are currently in the phase of im- experienced substantial growth in the vantages, Switzerland is a very advantageous plementing the requirements of the revised economy and in real estate within a limited place in which to live and go on holiday.