boxlife - spicing up the economy

I spent the last weekend in St. Moritz (CH) and I have asked about houses there. No way the value of the houses there is going to suffer from fluctuations.

It is pretty hard to get a house there not only because of the high prices, but also because if you are a foreigner, you are not free to buy whatever you want. In fact, by law, only a percentage of the houses can be sold to foreigners. I happened to talk with somebody that has been waiting to get a house there for 5 years.

Indeed, very good policy to avoid indiscriminate construction investments with the consequent pillage of the landscape, but also a very clever way to exploit the existing structures (hotels, restaurants, etc) and to avoid that the place gets invaded, losing its reputation of high level holiday place.

These Swiss are clever!