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Obligatory rentals for planned Swiss resort

Aug 14, 2008 / alpMedia
The Egyptian entrepreneur Samih Sawiris does not want the resort he is planning in Andermatt/CH to become a ghost town. His solution: anyone who purchases a house or apartment as a second home must sign a contract agreeing to rent the property whenever they are not in residence.
If they fail to do so, Mr Sawiris says they will be charged "very high maintenance and service costs" for the period of non-occupation. His plans for Andermatt include seven hotels with 3000 beds, a golf course, 400 holiday apartments and 50 to 70 villas.
Source: NZZ, 31 July 2008, (de)