The Swiss government has announced plans to tighten the acquisition of property by citizens from countries outside Europe.
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.
The move comes after parliament in 2014 decided to maintain restrictions on the purchase of Swiss property for foreign residents amid global financial worries and signs of a ‘property bubble’.
About ten years ago, the government mooted proposals to lift the restrictions, which date back to 1985.
The ministry on Friday sent a draft bill for consultation among political parties, cantons, municipalities and other institutions.
In a first reaction, a real estate lobbying group criticised the government proposal as “nonsensical”, saying restrictions would exacerbate the situation on the housing market.