Pricing & Financial Information

Due to canton restrictions, it has been increasingly difficult for foreigners to invest in Switzerland but a freehold purchase of an apartment at Les Mayens d’ Hérémence comes with a 15 year management lease to provide the buyer with a guaranteed rental return of up to 3.5% of the property purchase price (net of utility bills) for its duration.

The properties range from 2 bedroom apartments up to 4 bedroom duplexes and include ski locker, parking space and owner’s storage.

The property is fully maintained by the management company and all costs incurred are paid for by them.  At the end of the lease term you can either extend the lease or reclaim the property for yourself as freehold. 

Property Prices
Currency Conversion (at today's rate)

  Price (€)Apartments
FromTo
 2 Bedroom

790,000

1,131,000

 3 Bedroom

1,037,000

1,324,000

All Garrigae properties are sold interior designed and fully furnished to a high standard. Furnishings are included in prices quoted. 

There is no VAT on property purchase in Switzerland.

Property sizes (Internal living area)

Area Conversion 

  Area (m²)Apartments
FromTo
 2 Bedroom

72

91

 3 Bedroom

77

96

 

Property Prices per m²

  Price/m² (€)Apartments
FromTo
 2 Bedroom

10,975

12,430

 3 Bedroom

13,470

13,790

Prices and availability are constantly being updated.  We are happy to check these  for you if you need more detail.

Four great ways to get more from your investment.
Garrigae offers a range of lease options and guaranteed returns tailored to your specific requirements, from investment only to maximum personal use.  At the end of the lease term you can either extend the lease or reclaim the property for yourself as freehold.

Investment potential
A new gondola will be built to open at the same time as the apartments and direct flights from the UK to Sion are scheduled to start in 2010, both of which will add value from a capital investment point of view and in terms of rentals.

Mortgage Finance
Mortgage finance is available up to 50% of the purchase price.  Competitive interest rates can be obtained with repayment terms of up to 30 years.

Stage Payments

  • An initial deposit of Sfr 20,000
  • 7% on Reservation less the deposit
  • 30% on Purchase Contract/start of construction
  • 30% on completion of roofing
  • 25% on completion of external carpentry, walls, exterior finishes and insulation
  • 8% on handover of keys

Bank Guarantees
All advance payments will be protected by bank completion guarantees.
 
Special deals
For Buyers
Please ask us about Garrigae's special launch offer.
 
For Owners
Owners will receive a privilege card giving them 20% off the cost of using many of Garrigae amenities at any of the group's resort properties.