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-   -   valueing a property (https://www.englishforum.ch/housing-general/14079-valueing-property.html)

Beano 24.10.2007 06:44

valuing a property
 
Just wondering if there is a rule of thumb that i could apply to try and work out the value of a property. I trying to place a rough value on a property which rents out at approx. 2.5k per month (30k pa). Is there any kind of rule of thumb that would give me a guide.

Would be grateful if you can provide some assistance.

Thanks

sharon 24.10.2007 08:53

Re: valueing a property
 
I don't think there is a direct rule but from the properties I have looked at say 1m chf is about 1000 chf a month - so your property would be 2.5m - but not looking at it I have no idea - this is just based on properties I have seen so is relevant for me but may not be relavant for your area

S

Jekyll 24.10.2007 09:16

Re: valueing a property
 
Quote:

Originally Posted by sharon (Post 121239)
I don't think there is a direct rule but from the properties I have looked at say 1m chf is about 1000 chf a month - so your property would be 2.5m - but not looking at it I have no idea - this is just based on properties I have seen so is relevant for me but may not be relavant for your area

S

Sharon,

You're right, there is no rule of thumb however I find your figures wildly off.

In a smaller town (i.e. not Zürich/Genf) I would expect a CHF1 million property to rent for approx CHF2100-2400/month. Inside Zürich I don't expect much difference. If I could rent a million franc property for CHF1000/month then I would be doing it!

Cheers

Jekyll

sharon 24.10.2007 09:28

Re: valueing a property
 
Hi

No problem

Have just realised my figures are way off as well - too early and no caffine!!!

You should x4 for around Kilchberg/ Ruschlikon - but thats just a very rough estimate and not at all sure why it helps. You also need to factor in things like condition, views, near transport, garden, terrace etc etc - ie a million other things

If you want an idea - have a look at Homegate in the area you are looking at - look at both properties for sale & for rent and you will get a rough idea of what properties cost to buy v rent in the area you want to live in....

Right off to get coffee before I say anything else stupid.....

S

Beano 24.10.2007 23:59

Re: valueing a property
 
Thanks Guys

Did some searching and apparently Zurich properties are yielding 3.8% (120 sq.m) - 5.1% (40 sq m).

Turning this around suggests that a CHF1m property might rent out at about CHF 3.3k (4% yield).

To work out whether its better for me to buy or rent, I need to work out
(i) lilkely mortgage cost - I guess about 5%
(ii) average capital gain; (lets say 2% pa)
(iii) extent of any tax break that you would get on a oproperty that size - I haven't a clue, If anybody knows the answer they might let us know?

Thanks again.

sharon 25.10.2007 10:26

Re: valueing a property
 
Hi Beano

I think you need to work out how long you are going to be in Switzerland for - if you are here for the long term then buying makes more sense but short term I think its best to rent. For one thing there are not that many properties that come up (unfortunately) - though there are a lot of cranes about at the moment suggesting more properties will be coming to the market. Also your residency status affects what / if you can buy - or at least it does in places like Zurich - they are much more relaxed about things like that in ski resorts.

Tax wise you are best speaking to a professional

Good luck

S


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