a
Print
version

Buy a House in Switzerland for 1 Swiss Franc

  • 277
The municipality in the canton of Ticino is trying to revive a remote village.

What happened? The municipality of Gambarogno in the southern Swiss canton of Ticino has decided to sell traditional rustic houses (rustici) for just one Swiss franc. Previously, these buildings used to serve as stables that have been transformed into fancy stone holiday homes.

Context. While traditional tourist destinations, including popular ski resorts in the Swiss mountains, have faced a lack of tourists over the past two years, the canton of Ticino has thrived thanks to locals coming here on vacation. Since the village of Gambarogno is in a remote place, it has beут decaying after the outflow of residents. The Council of the municipality (Gemeinde) hopes that putting these houses on sale for one franc will help to restore the village and bring back visitors.

Conditions. Those wishing to purchase real estate at a token cost, become responsible for renovation in a traditional rustic style. As Gianluigi Della Santa told the Swiss broadcaster SRF, mayor of the village, the administration will only consider applications of candidates who show interest in learning Italian and integrating into local life.

Quote. "Anyone who buys a village property for one franc should be interested in the history of this place. That is not for people who want a home to relax in the sun," Della Santa stressed.

Also read: How Swiss Live. Real Estate Facts That Will Surprise You

Source: I am Expat
Photo: I am Expat

Quoting conditions of Prian.info materials

Share the link:
Tags: Switzerland, Market Analysis, Real Estate, Cheap property

Read also

The ranking of Swiss cantons with the cheapest and most expensive homes to rent has been revealed
In one particular region of the Alpine nation, the tennants have to pay nearly 400 francs more...
The short-term rental sector in the EU has strengthened by 50% over the year
In 2022, the largest increase in the number of nights compared to 2019 was registered in Sweden...
High interest rates will have a long-term impact on European home prices – opinion of Standard & Poor’s
In most European countries, housing costs will fall by about 8% by the end of 2024.
Housing prices began to fall in Switzerland
Higher interest rates and price corrections are to blame.
The most affordable Swiss cantons for buying a home revealed
Switzerland has lowest homeownership rate in Europe.
The Swiss real estate market is stable
Prices for privately owned apartments continue their modest rise.

Interesting to read

News and articles on the topic «Switzerland»

The ranking of Swiss cantons with the cheapest and most expensive homes to rent has been revealed

In one particular region of the Alpine nation, the tennants have to pay nearly 400 francs more...

  • 25.03.2024
  • 9

The most affordable Swiss cantons for buying a home revealed

Switzerland has lowest homeownership rate in Europe.

  • 06.11.2023
  • 44