South Africans, fearful of a declining rand and uncertain property laws, could consider investing in Switzerland where one of the world’s top ski resorts offers safe and attractive returns and an idyllic getaway, says a leading SA property expert.
Toni Enderli said Andermatt ski resort -- rated among the best in the world for its incredible year-round lifestyle and recreational facilities, significant tax incentives and attractive returns -- has drawn a flood of global interest, including from South Africans.
Enderli, a Cape-based property entrepreneur, said pricing in Andermatt is on par with the Atlantic Seaboard and recorded an almost 90% surge in sales last year. The diverse property options include “headache-free ownership” and a guaranteed 3% annual net return on fully managed and serviced, one-bedroom apartments.
He said the resort, which is undergoing a R22-billion redevelopment, is ideally located, 1.5 hours from Zurich or two hours from Milan – both just a 12-hour flight from SA.
“For me, Andermatt is arguably among the world’s top 10 investment and lifestyle resorts, offering 180km of skiable slopes, an 18-hole golf course, and some of the finest biking routes in the world – in addition to almost every other sporting or recreational activity available – all in the spectacular Alps.”
“The village centre is car-free with beautiful hotels, restaurants and cultural attractions contributing to an incredibly safe, friendly and communal environment,” he said.
Enderli said Andermatt was exempt from restrictive foreign property ownership laws, resulting in a deluge of new investors from Italy, Germany, the UK, the Middle East, China and recently, South Africa.
“I invite South Africans to take advantage of this incredible opportunity while it’s available,” he added.