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Infocenter › Engadine Valley
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› Engadine Valley |
Family
of Silvio Berlusconi purchased a house at the Swiss Engadin
valley
 The
mother-in-law of the acting Italian Minister President Silvio
Berlusconi has purchased a traditional "Engadine valley
type house" at the little Swiss mountain village of S-chanf
at the Engadine (Canton of Graubuenden). The purchaser's name
is Mrs. Flora Bartolini; she is the mother of the spouse of
Silvio Berlusconi. The wife of Silvio Berlusconi carries the
registered name of Miriam Raffaella Bartolini. The 76-years
old woman has relocated her residence to the Swiss commune already
in 2004; as citizen of a EU-Country with residence in Switzerland,
she is entitled to purchase a holiday house in that Swiss commune.
There is however restrictions regarding to the purchase of holiday
houses by persons with residence abroad in that specific commune.
The house is undergoing a full reconstruction because the building
needs a sound renovation. The Berlusconi family was often on
winter holiday at the resort of St. Moritz.
» more
Source: Neue
Zürcher Zeitung, April 16, 2006 |
Economic Research "Second Homes and Vacation Homes
in Switzerland"
The demand for vacation homes in selected tourist areas has
increased again in recent years, a fact which is reflected by
the rising property prices. The biggest price rises have been
seen in the Upper Engadine. Between 1995 and 2005, price increases
for owner-occupied apartments in St. Moritz, Celerina or Silvaplana
have been 42.5 % higher than the Swiss average. In Pontresina,
prices have climbed even faster. Nowadays, high-quality owner-occupied
apartments in St. Moritz are priced at around CHF 10,000
per square meter –a perfectly "normal" price
which is comparable to those in the cities of Geneva or Zurich.
In the luxury category, prices of CHF 25,000 per square meter
are quite commonplace. Price trends in other key tourist areas
have also exceeded the average, though not to the extent of
those in the Upper Engadine.
At the beginning of June 2005, the citizens of the Upper Engadine
–one of the most important and attractive holiday destinations
in Switzerland –applied the brakes in the face of trends
in the vacation-home market. An initiative to restrict the number
of second homes built in the Upper Engadine in the future to
a gross floor area of 12,000 square meters per year –approximately
100 apartments –was approved by a clear
majority. Compared to current figures, the number of new vacation
homes built in and around St. Moritz will therefore be reduced
by a quarter.
Supply restrictions, such as the planned measures to rectify
the situation in the Upper Engadine, are likely to exert further
upward pressure on prices in this region over the next few years.
However, we are unlikely to see any major movements in vacation
property prices in the majority of Switzerland's favored locations
for second homes. Instead, prices are expected to develop in
line with the Swiss average in most regions.
» 
Source: Credit
Suisse, November 3, 2005 |
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Engadin: regional initiative for a restriction of the
construction of second homes (weekend flats)
The citizens of the region of the upper Engadin valley
(Oberengadin) located in the Canton of Graubuenden approved
with a Yes majority of nearly 72% a "regional initiative
for a restriction of the construction of second homes (weekend
flats)"in the area of the upper Engadin valley. Once
the initiative will be implemented, a total of only about
100 new flats will be allowed for construction a year; that
number corresponds to a brut floor surface of 12,000 square
meters. The booming construction in the past years led to
an annual construction of up to 400 newly built seconds homes
(weekend flats). The acceptance of the initiative showed that
the inhabitants of the eleven municipalities are worried about
the consequences that are expensive real estate prices (land
prices) and high rents. An intact (beautiful) landscape and
nature is the most important capital for a tourism region;
the people want to stop the destruction of nature
respectively the intensive building over of the landscape
by the instrument of that initiative.
Source: www.melmal.com,
June 5, 2005 |
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