Some good news for ALP projects came in the Valais, Switzerland this week. Laws have been adapted to allow for a greater number of properties to be sold to foreign resident nationals with a cantonal adaptation of the famous Lex Koller law.
In a communiqué from the Canton of Valais; the need for a greater number of foreign permits in tourism locations (such as Grimentz) has been recognised and catered for. This means that projects such as Les Rahâs will be able to better meet the demands for purchase from foreign clients.
In taking this action, the Canton of Valais clearly recognises the need to support development of buildings for projects developed for tourism and leisure. Foreign buyers often purchase for rent and it is this rental activity which becomes a strong economic dynamo for the local tourist resorts, ensuring that resorts are sustained with maximum clientele (avoiding the so called “cold bed syndrome”).
ALP operate, via it’s luxury rental company Mrs Miggins, a programme to provide maximum benefits to owner/investors in the region and has worked in partnership with the canton in requesting these changes.