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Old 03.01.2019, 07:39
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Re: Advisable to buy property in Zurich?

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Not strictly true as I could borrow 800,000 on a property costing 1,100,000 but not 800,000 on a property costing 1,800,000 as apparently I could not afford the maintenance costs of 1% they factor in.

Remember purchase price is irrelevant as they lend based on their valuation which can be very different, both +/-
All you, you, you eh?

It's a good example though, if you earned 100k let's say, and wanted to buy a place for 1,800,000 chf, then they'd demand you put down 1.5m or around 83% of the property price in order to keep theoretical monthly payments acceptable.
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