May 2012

On March 11, 2012 Swiss voters surprisingly accepted the popular initiative launched by Franz Weber "Stop the Boundless Construction of Second Homes" with a tight majority (50.6%). This initiative restricts the construction of second homes to 20% of the homes and the gross floor space of each Swiss municipality. This Newsflash shows the main features of the initiative as well as legal uncertainties for current and future owners of second homes.