The city of Lugano is situated in southern Switzerland in the Italian speaking canton of Ticino, on the border with Italy. Real estate in areas such as Lake Lugano and the Lugano Prealps offer some of the most idyllic views you can imagine, leading to a very active Lugano mortgage market. The chic pavement cafes, the old cobbled streets and the relaxed atmosphere are in contrast to the city’s status as one of Switzerland’s more important financial sectors.
Luxury real estate in Lugano rarely sells for less than CHF1 million so it is safe to say that the Lugano mortgage market is competitive and accommodating – with the right connections. This is one of the more popular luxury real estate markets in Switzerland and one we have a deep-seated knowledge of. The mix of celebrities and sports stars, business people, and high net worth individuals led to the nickname “the Monte Carlo of Switzerland”. It is not difficult to see why!
Lugano is a city that offers everything, breathtaking views, sedate quiet lifestyle all within a Mediterranean flair – offering the services of a city with the lifestyle of a small town. As far as outstanding luxury real estate in Switzerland goes many would suggest it gets no better.
As we have mentioned on numerous occasions, here at Enness we pride ourselves on our contacts, experience and knowledge of international markets. Traditionally those looking for Swiss mortgages to acquire Lugano apartments are required to open an investment account with a Swiss mortgage lender. These investment accounts start at around CHF1 million with the vast majority of international visitors catered for. However, some lenders require customers to be resident in Switzerland for tax purposes.
This is where our expertise comes in, as an independent mortgage broker we have access to the whole lending market. We can mix and match the structure of mortgage finance to best fit your needs, negotiate different types of collateral, and maximise your situation to get the best deal. While traditionally legal fees and taxes range between 3.5% and 5% nothing is set in stone. The Switzerland mortgage market is extremely liquid, very competitive and while some lenders will not accommodate non-Westerners we have negotiated numerous deals for clients across the world.
When looking at real estate in the city of Lugano it is important to match mortgage lenders with your specific requirements. This end of the market is extremely competitive, fast-moving and using our contacts we can very quickly put together a deal. Knowing who to talk to, how to approach them and the limits of our negotiating position are worth its weight in gold. So, give us a call today for a no obligation chat and speak with one of our expert mortgage advisers.
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