In a report published today entitled: rents losing altitude, UBS says asking rents for apartments will probably drop by up to 10% over the next three years. Competition in the rental market is getting even fiercer. By mid-2017, 2.4% of all rental apartments were vacant. This level was last exceeded in 1998, when 2.8% of […]
Nearly two thirds of Swiss annoyed by their neighbours
64% of those surveyed in a recently published study, say they are bothered by their neighbours. Some are driven to take legal action while others pack up and leave. Noise was the most widespread complaint. 28% complained of this. Loud conversations, noisy children, banging, loud music and parties were the most frequent noise problems. Other […]
Housing in Zurich and Geneva only moderately overvalued, says UBS
The UBS Global Real Estate Bubble Index 2017 describes housing in Zurich and Geneva as only moderately overvalued. The two Swiss cities rank 6th (Geneva) and 9th (Zurich) in a list of 20 selected global cities. The top eight: Toronto, Stockholm, Munich, Vancouver, Sydney, London, Hong Kong and Amsterdam are all classified as bubble risk. […]
Geneva and Lausanne remain Switzerland’s toughest home markets
Home vacancy rates in Switzerland’s main cities have all risen over the last few years, bringing some hope to those looking for a place to live. The latest 2017 data confirm this trend. Over the last five years vacancy rates have risen by between 18% and 49% in the main cities of Zurich (+32%), Bern […]
Switzerland’s home ownership illusion
When 10-year mortgage interest rates fall to 1%, home ownership becomes a very attractive alternative to renting. A recent report on home ownership shows why home ownership remains out of reach of the average Swiss household despite very low interest rates. The report, by Credit Suisse, says that despite the strong desire for people to […]
Switzerland’s most expensive apartments in Zurich, Maloja and Lavaux
According to data from comparis.ch, Switzerland’s most expensive apartments are found in Zurich, Maloja – home to Saint-Moritz, and Lavaux-Oron. One square metre will cost you CHF 12,250 (US$ 13,000) in Zurich, CHF 11,500 in Maloja and CHF 11,250 in Lavaux-Oron. Lavaux-Oron contains posh parts of Greater Lausanne, such as Lutry, and the UNESCO-listed wine terraces of Lavaux on the […]
Finding a place to rent getting easier in Switzerland
A recent Credit Suisse report, entitled: Tenants Wanted, says capital continues to flow into Swiss real estate, boosting the supply of rental properties. Against a backdrop of negative interest rates at Switzerland’s central bank, investors continue to plough money into constructing new residential properties. At the same time, declining immigration has hit the demand for […]
A Swiss parliamentary commission wants to get rid of imputed rent
20 Minutes. In Switzerland, home owners have to add a theoretical rent to their taxable income. This means home ownership can increase your annual tax bill, sometimes substantially. For many home owners the tax effect of the theoretical or imputed rent is cancelled out by deductions for mortgage interest and home maintenance expenses, however those […]
Number of vacant homes rises again in Vaud
At 1 June 2017, 3,650 empty homes, of which 2,655 were for rent and 995 for sale, were on the market in Vaud. This brought the vacancy rate to 0.9%, a rise of 0.1% compared to the year before. This rise follows an increase of 0.1% in 2016 from a rate of 0.7% in 2015. […]
Switzerland’s most beautiful villages
By Bill Harby Congratulations Moudon. This enchanting hamlet is the newest official member of a coterie of beautiful historic Swiss villages. Generally, the Swiss don’t like to brag. Even when it comes to cheeses, chocolate and direct democracy, they’re more likely to just offer you a taste and let you decide for yourself. But when […]
