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Old 22.04.2020, 14:18
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Re: Sell or not to sell

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Thank you for sharing your view fatmanfilms!

-this is not necessarily the problem in CH, currently government show a lot of support for employees(no reference)
-all people who came to visit for renting out the unit had quite stable essential jobs

On the other hand Zurich's economic activity is also in the downturn for some years, large companies downscaled or left the country overall and not many companies setting up workforce here anymore thus employment of huge companies are decreasing year by year. (don't have reference to support that, just an observation, please correct me if I'm mistaken)
Migration is also tightened year by year.


True, net return in case I would rent out both units would be around 2%/annum. Assuming price of the property won't change in 10 years and spend around 5% of the value for renovation in 10Y.
Property prices in CH are bordering on bubble territory, prices could easily be 20% less in 10 years time than they are today. People have forgotten what happens when interest rates rise, as the concept has not existed in a very long time.
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