Go Back   English Forum Switzerland > Help & tips > Housing in general  
Reply
 
Thread Tools Display Modes
  #1  
Old 24.10.2007, 05:44
Junior Member
 
Join Date: Apr 2007
Location: Zurich
Posts: 58
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 3 Posts
Beano has no particular reputation at present
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

Last edited by Beano; 25.10.2007 at 02:09.
Reply With Quote
  #2  
Old 24.10.2007, 07:53
sharon's Avatar
Senior Member
 
Join Date: Mar 2006
Location: Kilchberg
Posts: 424
Groaned at 0 Times in 0 Posts
Thanked 96 Times in 68 Posts
sharon has made some interesting contributions
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
Reply With Quote
  #3  
Old 24.10.2007, 08:16
Jekyll's Avatar
Forum Veteran
 
Join Date: Feb 2007
Location: Aargau
Posts: 885
Groaned at 35 Times in 26 Posts
Thanked 1,180 Times in 475 Posts
Jekyll has a reputation beyond reputeJekyll has a reputation beyond reputeJekyll has a reputation beyond reputeJekyll has a reputation beyond reputeJekyll has a reputation beyond reputeJekyll has a reputation beyond repute
Re: valueing a property

Quote:
View Post
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

Last edited by Jekyll; 24.10.2007 at 08:44.
Reply With Quote
This user would like to thank Jekyll for this useful post:
  #4  
Old 24.10.2007, 08:28
sharon's Avatar
Senior Member
 
Join Date: Mar 2006
Location: Kilchberg
Posts: 424
Groaned at 0 Times in 0 Posts
Thanked 96 Times in 68 Posts
sharon has made some interesting contributions
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

Last edited by sharon; 24.10.2007 at 08:34. Reason: adding more
Reply With Quote
This user would like to thank sharon for this useful post:
  #5  
Old 24.10.2007, 22:59
Junior Member
 
Join Date: Apr 2007
Location: Zurich
Posts: 58
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 3 Posts
Beano has no particular reputation at present
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.
Reply With Quote
  #6  
Old 25.10.2007, 09:26
sharon's Avatar
Senior Member
 
Join Date: Mar 2006
Location: Kilchberg
Posts: 424
Groaned at 0 Times in 0 Posts
Thanked 96 Times in 68 Posts
sharon has made some interesting contributions
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
Reply With Quote
Reply

Tags
valuation




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
Property mortgages clive7 Housing in general 84 30.01.2008 09:49
Buying Property Chalky1968 Housing in general 1 16.10.2007 18:47
Having a property valued Termite Housing in general 5 09.05.2007 16:27


All times are GMT +2. The time now is 17:22.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0