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Old 09.06.2020, 21:58
axman axman is offline
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Re: Is it worth buying a flat in Switzerland?

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(ii) you need to be very secure in your job and your ability to find a new job which in the banking sector today in CH just isn't the case any more.
Not sure I understand this part.

Say you lose your job. If you are renting, you need to vacate within 3 months or move to a cheaper place, but no-one will rent you anything if you don't have a job).

If you are paying a mortgage, unless interest rates go up 3x, you can probably still afford many months more of interest payments. You can move to a cheaper place and rent your place out (at least you can call this income), or worst case scenario, sell your place and get back your deposit and a bit of profit, unless of course your property value has dropped so much (in which case, renting it out is a better option.).
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