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Old 19.12.2015, 12:13
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Ranking locations in Zurich

Hi Forum Members,

I'd like your opinion on the following locations in and around Zurich. All have new housing projects coming up and the amenities in each are more or less comparable within comparable price ranges. I'm looking to find out how the general locations stack up against each other. Following are the locations in my order of preference. I'd be curious to know about your preferences on this list as well.
  1. Opfikon/ Glattbrugg (my most preferred)
  2. Uitikon
  3. Manegg
  4. Affoltern am Albis
  5. Bonstetten (my least preferred)
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Old 22.12.2015, 15:57
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Re: Ranking locations in Zurich

Well it depends what you want, doesn't it? Opfikon/Glattburgg and Manegg are rather industrial, with the former having lots of aeroplane noise (which you likely won't hear with double glazing) but much improved transport links, both rather soulless. Uitikon Waldegg and Bonstetten are leafy villages in the countryside, good if you like peace and quiet and/or are an outdoorsy type, Affoltern am Albis is a market town and district centre.
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Old 22.12.2015, 19:57
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Re: Ranking locations in Zurich

Thanks, yes, depends on the specific needs of the family. Based on another thread I'm tracking on this forum, not even sure if buying property in CH is a good idea at this point.

The new, planned, housing development in Opfikon/ Glattbrugg & Manegg are quite nice, albeit not very quiet.

Affoltern (sorry, it is just Affoltern, not Affoltern am Albis) is cosy as it already has a nice little expat Indian community.

Uitikon is just a 20 minute commute from HB. But maybe due to this, surprisingly expensive.

Bonstetten seems to be the logical last option till you see the prices- lowest in the list.
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Old 22.12.2015, 20:57
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Re: Ranking locations in Zurich

Uitikon has a very favorable tax-rate.
That's why a lot of rich people live there, and that's why property is expensive.
Do the math:
https://en.comparis.ch/steuern/steue...h/default.aspx

From Uitikon, you can commute to Zurich by bike.

Green City Manegg looks interesting - but as everything that is "nice", it's also quite expensive.
http://www.wolo-greencity.ch/Wohnungen.4.html
3.5 rooms, 90 sqm, north-facing, 3rd level, 820k.
They'll have trouble selling those (haven't sold for months), so they'll probably be rented out at the end by whoever takes them off the developer for the best price.
Any "correction" on the real-estate market is going to hit these first and hardest.
The high-end market has been "difficult" for some time already.

But I'm not a city-person anyway. If I'd live too close to work, I wouldn't get any exercise biking there ;-)
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Old 22.12.2015, 22:48
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Re: Ranking locations in Zurich

Thanks @rainer_d. Yes, Wolo is indeed the Manegg project I am referring to. Btw, several of the apartments listed as free on their website are apparently "informally reserved", ie, people have shown an interest in them but have not yet paid the deposit. Till these parties explicitly say No, Wolo won't entertain new enquiries. What is still available is, in my opinion, overpriced.

I didn't know about the favorable tax rate at Uitikon. But now I get why the cost of new projects is so high. Again, most of the apartments are either formally or informally reserved, but you can ask to be put on the waiting list. The project I am referring to is: http://www.adtinnova.ch/crystal/Infos

It is difficult to make a decision to buy an apartment in Zurich. Is it a good investment, or is it just a housing bubble? Should we buy property in India instead, but if we do, what will be India's political, economic, and environmental situation when we do decide to return. Buying property has become a lesson in diaspora displacement instead
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Old 23.12.2015, 02:06
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Re: Ranking locations in Zurich

IMO, it's clearly a bubble, fueled by immigration (still 80k per year incoming, AFAIK).
Once the immigration stops - or reverses - a lot of problems will arise.

While having a super-new, super-fancy flat is nice, I'm rather toying with the idea of buying a slightly older one, which is bigger and where I can still bike to work.

If you buy, always consider how long you'd be willing to keep it "for sale" while you've already moved on - and how much discount would you give a prospective buyer in the end to get rid of it.
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Old 23.12.2015, 10:01
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Re: Ranking locations in Zurich

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I didn't know about the favorable tax rate at Uitikon.
Do you understand the tax system in general? The location has a massive impact on your tax and therefore an equally massive impact on real estate prices and rents.
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Old 23.12.2015, 12:03
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Re: Ranking locations in Zurich

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It is difficult to make a decision to buy an apartment in Zurich. Is it a good investment, or is it just a housing bubble? Should we buy property in India instead, but if we do, what will be India's political, economic, and environmental situation when we do decide to return. Buying property has become a lesson in diaspora displacement instead
If you are buying for investment purposes, then perhaps CH is not the best place! If you are buying with a view of staying here for the long term (+10 years), then yes maybe!! i think I would start talking about where are you going to spend your twilight years! Here in CH, where perhaps your kids would see as home, or back in India, where perhaps you have siblings/ family. It's a tough choice. What seems right today, may not be right in 10 years' time!

But as an expat myself, my first question is "Will I be allowed to stay in this country if I lose my job?" If the answer is no, my second question is "will I be able to sell up easily?" If the answer is no, then stay away from buying a property, until you have a yes to your first question!

Good luck!
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Old 23.12.2015, 14:55
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Re: Ranking locations in Zurich

i would not suggest to start looking at buying a property for Non Eu if they have a L or B permit.
You can only start thinking about a property if atleast you have a C permit. its even better if you have Swiss passport.
with a C permit or passport, atleast you have more time to sell , if you want to leave the country for good.
but this is only one part in the decision making process. there could be other factors (like investment purposes, live in Switzerland longer etc) which others have mentioned in this thread.

cheers
happycreature
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Old 23.12.2015, 16:08
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Re: Ranking locations in Zurich

Hmmm. I would think of the resale value. Would you find it hard to sell something that others might perceive to be affected by airplane noise?
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Old 23.12.2015, 18:33
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Re: Ranking locations in Zurich

Location, location, location => Uitikon





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Hi Forum Members,

I'd like your opinion on the following locations in and around Zurich. All have new housing projects coming up and the amenities in each are more or less comparable within comparable price ranges. I'm looking to find out how the general locations stack up against each other. Following are the locations in my order of preference. I'd be curious to know about your preferences on this list as well.
  1. Opfikon/ Glattbrugg (my most preferred)
  2. Uitikon
  3. Manegg
  4. Affoltern am Albis
  5. Bonstetten (my least preferred)
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