Via Swiss Info:
The Swiss government has announced plans to tighten the acquisition of property by citizens from countries outside Europe.
Under the draft bill, buying property in Switzerland for people living outside the European Union or the European Free Trade Association (EFTA) could become subject to approval by the authorities.
The reform is aimed at closing loopholes in the current legislation and reducing the administrative burden for the local authorities, according to a statement by the justice ministry.
Non-EU or EFTA foreigners would have to sell their apartments if they leave Switzerland to live elsewhere.However, members of building associations would remain exempt from the legal restrictions.
The government also might introduce a formal application for the purchase of business property, a step that was lifted 20 years ago.