The Swiss Alps, a new Eldorado for real estate developers

The Swiss Alps are attracting a growing number of Swiss as well as international investors, prepared to pump hundreds of millions of francs into the development of vast tourist complexes. These pharaonic projects are reshaping the landscapes of peaceful regions, sparking both fascination and controversy. In the heart of the Goms valley in Valais, a real estate developer has high ambitions. "The buildings will be over here. There, a canal, and over there, an artificial lake," Jean-Claude Bregy from the project "Resort Obergoms" told Swiss public television, RTS. The project involves the construction of a holiday complex featuring 130 rental flats, restaurants and a wellness centre. The investment is estimated at CHF100 million ($110 million). "Such investments are only viable if you invest a lot. If you don't have the supply and the warm beds, you can't finance such a project. Hence its size," Bregy said. Watch the full report on Swiss public television, RTS: But in a region ...