Yes, but under certain conditions. The acquisition of real estate in Switzerland by foreign individuals is regulated by the Federal Law on the Acquisition of Real Estate by Persons Abroad (LFAIE), more commonly known as the “Lex Koller.” This law aims to limit real estate speculation and ensure housing availability for local residents. Each canton has its own specific application of the law.
In short, in Geneva:
> EU or EFTA citizens residing in Switzerland with a B or C permit, or a legitimation card, may acquire residential property without restrictions;
> Non-European nationals with a C permit or a legitimation card leading to a C permit may also buy without restrictions;
> Those with a B permit are limited to purchasing a primary residence;
> Cross-border workers (with a G permit) may purchase a secondary residence as long as they return to their main residence at least once a week;
> Foreigners not yet living in Switzerland but planning to move can purchase a future primary residence by obtaining authorization from the Department of Institutions and Digital Affairs (DIN).
The notary handling the sale will be responsible for requesting the necessary authorizations for a foreign buyer. It is therefore essential to understand the residential status of any potential buyer before finalizing negotiations.
Excerpt from our guide: Selling Your Home in 42 Questions