Gruetzi! I’m an Italian living in Switzerland and I’ve been thinking about buying a house in Italy or Spain (still debating) as an investment and I was wondering whether taking a loan from a Swiss bank (vs local) would be feasible and advisable. Does anyone have any experience on this subject?
In particular:
1) Is it even possible to get a mortgage in CH to buy a property for rent in Italy/Spain? I’ve heard it might be if the bank has a subsidiary in the market where the house is located, but not 100% sure.
2) Is it possible to get a mortgage in EUR from a Swiss bank? If the CHF is growing stronger, then it might not be advisable to repay the debt in CHF when you could pay an increasingly cheaper mortgage payment in EUR (assuming I’m staying in CH and keep getting paid in CHF), does that make sense to you or am I missing something?
3) If you get a mortgage in EUR to buy a property in Italy, for example, can you benefit from the low Swiss rates or do you end up paying higher interests because a) it’s Italy and b) it’s in EUR?
Thank you so much to anyone able to help out
In particular:
1) Is it even possible to get a mortgage in CH to buy a property for rent in Italy/Spain? I’ve heard it might be if the bank has a subsidiary in the market where the house is located, but not 100% sure.
2) Is it possible to get a mortgage in EUR from a Swiss bank? If the CHF is growing stronger, then it might not be advisable to repay the debt in CHF when you could pay an increasingly cheaper mortgage payment in EUR (assuming I’m staying in CH and keep getting paid in CHF), does that make sense to you or am I missing something?
3) If you get a mortgage in EUR to buy a property in Italy, for example, can you benefit from the low Swiss rates or do you end up paying higher interests because a) it’s Italy and b) it’s in EUR?
Thank you so much to anyone able to help out