What do I need to know when buying property in Switzerland?

"1. You need to be aware that completing a purchase of real estate in Switzerland involves a complex process that includes registration at a country register office in each canton in which the property is located. 2. It is important to obtain accurate legal and financial advice from a lawyer and an accountant before proceeding with the purchase. 3. You will require a valid residence permit to buy in Switzerland and foreigners may need to obtain additional permits. 4. Taxes and fees related to property purchases vary according to canton and municipality, so it is important to obtain pricing figures before making a purchase. 5. The mortgage process in Switzerland is very different to that in many other countries and is based on Swiss laws, rather than the lender assessing the borrower’s creditworthiness. Only Swiss banks or lenders supervised by FINMA can provide mortgages in Switzerland. 6. It is possible to rent out Swiss property so long as the landlord complies with local regulations that may limit occupancy and the amount of rent that can be charged," explained one expat living in Switzerland.