Switzerland
FOR SALE £868,000
Andermatt A high-spec 86 square metre one-bedroom Steinadler apartment at the new Andermatt resort Andermatt Sales (00 41 41 874 17 17; www. andermatt-
swissalps.ch)
a private jetty costs CHF2,060,000 (£1.3m) (00 41 33 854 11 60;
www.griwaplan.ch). Moving up another budgetary notch, but
staying within the Bernese Oberland, exclu- sive Gstaad remains a perennial favourite, with renowned polo and tennis tournaments in the summer to complement the golf and fine lunching. ` There' s been no recession in Gstaad,' comments Sergio Martinez of Aylesford International, for whom Greek, American and British buyers are most active and chalets start at CHF10 million (£6.5m). That said, he says prices have dropped from CHF45,000 (£19,000) to CHF35,000 (£28,000) per square metre in the past two years. Hartmann Singleton is selling a two-
bedroom apartment within a five-unit chalet there for CHF1.7 (£1.1m) million, or you could look to a quaint village 10 min- utes outside the town, Zweisimmen, where
Chesterton Humberts have a five-bedroom resale chalet for CHF1.5 million (£977,000).
` It comes with a foreigner' s permit, and this area is popular as a summer getaway,' says Andrew Hawkins of Chesterton Humberts, adding that it is also on the scenic Bernese Oberland train route. Also on a famous Swiss train rideÐ the Glacier ExpressÐ is
the little-known
Andermatt over in German-speaking Swit- zerland, 90 minutes from Zurich. The once- fashionable ski village, visited by Queen Victoria, fell into decline, but now an adjacent piece of Swiss army land is being trans- formed into a new resort by Orascom Devel- opment, due for completion in 2013. The carbon-free resort will have six hotels, including the flagship Chedi Andermatt, a new golf course and sports centre as well as 20± 30 villas and 490 apartments starting from CHF15,500 (£10,000) per square metre.
FOR SALE £5.1m
Gstaad With sublime views up the valley, the beautifully modernised three- bedroom Chalet Kiku is a few minutes outside Gstaad Aylesford (020± 7349 5100; www.aylesford. com)
` The apartments are being designed by
15 different architects to mimic the eclectic appearance of a real town, and a new ski lift will make them ski-in, ski-out,' explains Gérard Jenni, the MD. ` We don' t want to compete with St Moritz or Zermatt, but offer an alternative, by providing services from just one point of contact, and Orascom has a proven track record [in the Far East] for building year-round towns.' Finally, an affordable opportunity is
offered in another German-speaking Swiss resort, Engelberg, where 110 apartments in the new Titlis Resort, 75 minutes from Zurich, are offered for between CHF300,000 (£196,000) and CHF1.6 million (£1m). ` These are very reasonable prices in a decent resort that ticks all the boxes, and there' s a very loose rental obligation for owners,' says Simon Malster of Investors in Property (
www.investorsinproperty.com).
NEED TO KNOW Rules on residency
Compared with getting to grips with Swiss property permits, the North Face of the Eiger might seem like a walk in the park, but if you' re seeking a second home (full-time residency permits are a whole different ballgame), there are four routes:
s "UYING A RESALE OWNED BY A FOREIGNER (the property comes with a permit)
s #HOOSING A NEW DEVELOPMENT THAT HAS an allocation of foreigner permits
s 0URCHASING IN A @TOURISTIC DEVELOP ment', which will offer permits that come with a rental obligation to encourage @WARM BEDS
s "Y SPECIAL DISPENSATION—PROJECTS SUCH as Andermatt with no restrictions
74 Country Life International, Spring 2011
www.countrylife.co.uk/international
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