Switzerland is taking a leaf out of its French neighbours’ book by opening its doors to ‘residence de tourisme’ style investments and ‘leaseback’ formula
Up until now it has been notoriously difficult for foreigners to invest in Swiss property, but the government is now encouraging Fly to Let buyers to purchase holiday homes in the Alps.

Erna Low Property is marketing a brand new 5* development ‘Les Mayens d’Hérémence’ in the alpine village of Les Masses. It is linked to Verbier and forms part of the 4 Valleys ski area of 410km of slopes.

A freehold purchase of an apartment at Les Mayens d’ Hérémence comes attached with a 15-year management lease to provide the buyer with a guaranteed index linked rental return for its duration.

This mirrors the ever-popular French leaseback system available on property purchases which provides the investor with an annual guaranteed rental return of, in this case, up to 3.5 percent of the purchase price.

“Les Mayens d’Hérémence offers a rare chance to own in the 4 Valleys, where planning and development are not often granted,” said Joanna Yellowlees-Bound, CEO of Erna Low Property.

“Verbier currently offers very limited opportunities to purchase due to heavy construction regulations but incredible demand to own in this fantastic ski area has been met by the release of these apartments offering an alternative to owning in sought after Verbier itself.”

Les Mayens d’Hérémence will feature 64 high end furnished apartments spread over three buildings all boasting complete ski-in ski-out access and all with large south east facing windows looking over the Matterhorn.

5* facilities include spa, (indoor pool, steam rooms sauna and spa treatment rooms), bar and restaurant as well as the residences’ own ski hire shop. lift pass office and underground parking.

Completion is expected in winter 2010 and the properties range from two bedroom apartments up to four bedroom duplexes with prices starting from £444,321 for a two bedroom apartment. The nearest airports are Geneva (2.5 hours) and Sion (UK flights expected in 2010 – 30 minutes away).

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