Go Back   English Forum Switzerland > Help & tips > Housing in general  
Reply
 
Thread Tools Display Modes
  #1  
Old 22.02.2011, 12:02
miss_bean's Avatar
Forum Veteran
 
Join Date: Sep 2008
Location: Zurich
Posts: 525
Groaned at 3 Times in 3 Posts
Thanked 464 Times in 224 Posts
miss_bean has an excellent reputationmiss_bean has an excellent reputationmiss_bean has an excellent reputationmiss_bean has an excellent reputation
So what type of houses are quicker to sell ?

I assume that cost is a major factor for a property to sell. (At least for me, when I am the buyer )

Looking at some of the housing websites, it is however not a very straightforward pattern on why some properties get sold, quicker than the others?

Some adverts slouch there for months while some get “reserved” in a matter of few weeks.
I tried not to compare apples and oranges,
So compared them keeping in mind various factors like
  • public transport,
  • distance to Zurich/ shops/schools
  • Built year
  • similar number of rooms
  • Any scenic views (though I must admit I did not look for “lake” view properties, they are out of my budget)

Still I feel there is some kind of “unknown” pattern that is followed in Switzerland. Possibly due to the diverse foreign population.

Here are my thoughts/questions, hopefully it will help me and others to understand better.

1. Apartments with an average budget - 500k -700 k, do they have more demand than the 1 million up homes?
If you search up for high end properties (1 millionCHF +) homes you definitely get more choices, but does this also indicate that they are less liquid?

2. An apartment or a multi family/ independent house?
(Apartments in high rise buildings are not as highly priced as the normal buildings; this is contradictory to what I have seen in my home country)
Multi family houses sometimes are “equally” priced to that of apartments, I would assume multi family houses are preferred? The only flip side I see is that maintenance charges in apartments should be cheaper?
  • old versus New :
Some old apartments aged greater than 20/ 30 years are also equally priced to the “new” homes?
From a buyer’s perspective, why would this be a lucrative offer?
  • Location: Near the city or quiet dorf ?
Looking at the renting pattern, houses in the city fetch more rent/ rented easily . So why do people prefer buying homes in the quiet dorfs? Or is my assumption wrong?
Apart from the noise/ tax issue, is there any other significant benefit?
  • Property under construction:
Any advantage of buying properties under construction?
Reply With Quote
  #2  
Old 22.02.2011, 12:30
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Zürich
Posts: 8,529
Groaned at 365 Times in 252 Posts
Thanked 12,761 Times in 4,351 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: So what type of houses are quicker to sell ?

Is this post a question or statement?

I will try to answer some points you raise:
Quote:
Still I feel there is some kind of “unknown” pattern that is followed in Switzerland. Possibly due to the diverse foreign population.
Yes many Swiss are very reluctant to move canton. Suggesting to a Zürcher that they drive a car with SG plates will get you some negative reactions - as will the suggestion the other way round.

Also moving for tax reasons for the average Swiss does not apply.

2. An apartment or a multi family/ independent house?
It's odd, even in the UK houses are better value compared to flats/condominiums. The Swiss tend to regard buying a house as a step too far as it involves a garden and making decisions alone. The figures show flats have increased in value more than house in recent years - due to demand.

Plus in many urban areas now houses are simply no longer built. The land costs the same whether you build two houses or 8 flats, so it's a developer's no-brainer.

Location: Near the city or quiet dorf ?
I live in a little village in the country. I don't like cities and don't need to get into one to work. Property is cheaper, the people are friendly.

I don't know that the Swiss prefer the country, many don't have much choice if they are buying a house.

Property under construction:
The main question would be, under present high demand, why hasn't this already sold? Note that in any development, the more desirable properties sell first.

We bought a house already under construction, the first buyer dropped out for personal/financial reasons. The only disadvantage was that structural items like spot lights sunk into the concrete ceilings were not possible and we had to have the bricks for a huge corner bath removed, as we only shower...
__________________
**Triple vaxxed with Moderna plus 2021/22 season flu jab.**
Fed up of smoking? 10 tips to quit in 10 days
Reply With Quote
The following 5 users would like to thank AbFab for this useful post:
  #3  
Old 22.02.2011, 15:33
miss_bean's Avatar
Forum Veteran
 
Join Date: Sep 2008
Location: Zurich
Posts: 525
Groaned at 3 Times in 3 Posts
Thanked 464 Times in 224 Posts
miss_bean has an excellent reputationmiss_bean has an excellent reputationmiss_bean has an excellent reputationmiss_bean has an excellent reputation
Re: So what type of houses are quicker to sell ?

Quote:
View Post
Is this post a question or statement?
A bit of both. Thanks Abfab!
Reply With Quote
  #4  
Old 22.02.2011, 15:44
Karl's Avatar
Forum Veteran
 
Join Date: Sep 2008
Location: Here
Posts: 2,006
Groaned at 192 Times in 87 Posts
Thanked 2,939 Times in 958 Posts
Karl has a reputation beyond reputeKarl has a reputation beyond reputeKarl has a reputation beyond reputeKarl has a reputation beyond reputeKarl has a reputation beyond reputeKarl has a reputation beyond repute
Re: So what type of houses are quicker to sell ?

Well, we bought a house in 2009, and used these criteria for how attractive a house is and how well it would hold its resale value:

- Proximity to Zurich plays a big role, try to keep it under 30 minutes by car or train
- Sunny: should be South facing
- Quiet, away from street noise
- S Bahnstation within walking distance (less than 10 minutes walk)
- Proximity to schools and shopping, preferrably within walking distance
- Age, the house should be no older than 25 years
- Renovation: preferrably the house has been recently renovated so you have nothing to do to it
- Private: not overlooking nosey neighbors (that was important to us though I am not sure how important that is to the Swiss)
- Local tax: of course the lower the better

We managed to find a place that more or less fit all these criteria for under 700K.
Reply With Quote
This user would like to thank Karl for this useful post:
  #5  
Old 22.02.2011, 15:52
möpp's Avatar
Forum Veteran
 
Join Date: Apr 2007
Location: Zurich
Posts: 1,201
Groaned at 2 Times in 2 Posts
Thanked 1,079 Times in 547 Posts
möpp has a reputation beyond reputemöpp has a reputation beyond reputemöpp has a reputation beyond reputemöpp has a reputation beyond repute
Re: So what type of houses are quicker to sell ?

When we bought our flat around 2 years ago (we bought it as an investment, to rent out), major considerations were:

- size = 5.5 rooms = family friendly = children and/or pets allowed/welcome
- location = in the "countryside" but close to public transportation, shops, schools (see familiy friendly), between Winterthur and Zurich = good for commuting
- price = new build, everything spick and span, modern, bright = on the expensive side but no need to do anything major for at least 5 - 8 years

The family that now lives there think as we do, i.e. all of the above considerations obviously make sense to them too, coz they want to buy it from us
Reply With Quote
This user would like to thank möpp for this useful post:
  #6  
Old 23.02.2011, 09:13
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Zürich
Posts: 8,529
Groaned at 365 Times in 252 Posts
Thanked 12,761 Times in 4,351 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: So what type of houses are quicker to sell ?

Here's another though on how the Swiss view property: they do not view it like other people - like a car to be bought, used and then sold.

Many Swiss regard buying a home as a single move for life and that property will often be handed down to the next generation (on death of the parents or their move to the old folks' home). This is of course helped by the lack of death duties.

Owning property is often regarded as a massive privilege and the property itself almost holy ground.

This doesn't help you define "what type of property are quicker to sell", as these types are never for sale...
__________________
**Triple vaxxed with Moderna plus 2021/22 season flu jab.**
Fed up of smoking? 10 tips to quit in 10 days
Reply With Quote
The following 3 users would like to thank AbFab for this useful post:
Reply

Tags
buy, property, sell




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How quick do houses really sell? wattsli1 Housing in general 75 27.11.2013 16:28
If I sell a car right after I pay taxes on it will I get any type of credit? DD8002 Finance/banking/taxation 1 06.12.2010 13:29
Rules in Row-Houses and 2-family Houses? esto Housing in general 26 15.10.2010 13:05
how to sell high end used furniture in zurich? auction houses? voglia Other/general 3 08.04.2010 00:14
Why don’t some houses sell? Termite Other/general 14 16.01.2007 13:35


All times are GMT +2. The time now is 13:49.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0