Released on: November 6, 2007, 9:36 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: Not since Valencia gained the boost of having the European
Grand Prix awarded to it from 2008 to 2014 has a property market had such a boost
from Formula One.


Press Release Body: Not since Valencia gained the boost of having the European Grand
Prix awarded to it from 2008 to 2014 has a property market had such a boost from
Formula One. All eyes are on Switzerland as Lewis Hamilton\'s move to the Alpine
country opens the prospect of increasing interest in the investments available on
the pistes.

Hamilton, of course, is leaving in part to escape the media clamour, leaving his
home town of Stevenage to find peace and tranquility among the mountains. He is not
alone in his sport in seeking a Swiss hideaway, as the Times has pointed out, noting
that Kimmi Raikkonen, the man who pipped Hamilton to the title, seven times former
champion Michael Schumacher and the boss of the sport, Bernie Ecclestone, all have
homes in the country.

But it is not just the rich and famous who can invest in such places. For Swiss Ski
property investors a key legislative change is said to be about to take place,
reports homesworldwide.co.uk. The Swiss government is expected to approve
legislation easing restrictions on what property foreigners can own and where. The
site adds that what new rules will replace them is unknown, but this will make the
situation worth watching.

Like Schumacher, Hamilton is buying a Switzerland Holiday home near Geneva, where
the lake will be close and the mountains a towering vista in the distance, but
investors looking at changes in the law will be keen to see how this helps them when
it comes to Alpine ski property. Simon Malster, managing director of overseas
property specialists Investorsinproperty.com, stated that Switzerland is well worth
looking at as a ski property destination as an alternative to France.

He said: \"For the last four or five years, we have been advising people to not start
by looking at France. We generally say to them that they will get more for their
money if they look in Switzerland.\"

Just how much more, he said, was often misunderstood because the prices looked the
same in Swiss Francs as they did in Euros across the border. But, he added, the
latter currency is worth 1.5 of the former. \"Quite often you may be looking at
buying a chalet in Switzerland, where your budget may only stretch to an apartment
in one of the major resorts in France,\" he stated.

Of course, France as a whole country may have many other attractions to recommend it
as an investment location (such as a coast and wineries), but when it comes to ski
resorts and mountainside property, Switzerland is ahead. Thus those looking to find
a good ski investment will have two good reasons to go for Swiss property. Not only
may they run into someone famous on a day off, swapping pole position for ski poles,
they will be able to find a cheaper deal too.

Web Site: http://www.assetz.co.uk

Contact Details: Address:Assetz House, Newby Road, Stockport,Cheshire,SK7 5DA

fax:0845 400 6010

email:linkexchangeseo@gmail.com