Business
Lex Koller: Hardening Proposal Emerges Significantly Weakened from Consultation
The consultation on hardening the Lex Koller — Switzerland's federal law limiting real estate purchases by foreign residents since 1985 — closed on July 15, 2026, with the proposed text emerging significantly weakened, according to Le Temps. Unveiled on April 15, 2026, by the Federal Council under Federal Councillor Beat Jans's initiative, the proposal targeted non-EU/EFTA citizens and foreign-domiciled investors. It faced strong opposition, with critics calling it "useless and counterproductive." The government's impact analysis warned of negative economic consequences and limited effects.