Restrictions on property sales remain in place

Parliament has rejected a government proposal to ease restrictions on the sale of property to non-resident foreigners.

This content was published on June 11, 2008 - 14:49

The Senate on Wednesday called on the cabinet to draft a new amendment including special regulations for holiday homes in tourist areas.

Opponents of the government moves warned that abolishing the constraints, which were first introduced 45 years ago, could trigger a wave of speculation on the property market.

However, Justice Minister Eveline Widmer-Schlumpf said a new proposal was unlikely to include new elements.

The Senate call follows a similar decision by the House of Representatives in March.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.