Swiss propose making foreigners sell homes when they leave

Swiss propose making foreigners sell homes when they leaveThe Swiss government proposed on Friday making non-EU foreigners sell their homes when they leave the country, prompting resistance from the real estate sector. More than three decades after Switzerland liberalized property purchases for foreigners, and amid concern that foreign demand helps drive up prices, the cabinet said it was time to update the law to close loopholes and improve enforcement. It suggested requiring citizens from countries outside the European Union plus Liechtenstein, Iceland and Norway to get permission to buy main residences in Switzerland.



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