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.

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