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Old 22.11.2019, 09:23
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Re: Is it worth buying a flat in Switzerland?

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Steve678, have you actually found a property that you have a reasonable chance of winning the bid to buy?

Obviously YMMV, especially those not burdened with the blue passport.

Again, YMMV. If you are comfortable with communal living you likely will not run into this. In fairness, this is not a buy vs rent issue, it's a life in Switzerland issue.

Good luck with your decision.
YMMV = your mileage might vary
I had to google that one.
I hope I didn't lose any street cred.
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  #42  
Old 22.11.2019, 10:32
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Re: Is it worth buying a flat in Switzerland?

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YMMV = your mileage might vary
I had to google that one.
I hope I didn't lose any street cred.
Sorry.

You know you've been living in Switzerland too long when you find yourself liberally sprinkling 'your mileage may vary, by canton and Gemeinde...' into most discussions.
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  #43  
Old 22.11.2019, 10:59
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Re: Is it worth buying a flat in Switzerland?

It also depends on the canton where you buy.
I know that when we owned our place we paid taxes on the fictive amount that we would of saved in rent ie: they decided that tax should be paid on an additional CHF24,000 fictive income
Also capital gains can be quite steep (again depending on the canton) you can pay something like 60% of the profit if you sell within 5 years and a sliding scale down to 15% after 20 years.
That's how it was for us anyway.
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Old 22.11.2019, 11:51
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Re: Is it worth buying a flat in Switzerland?

Longer-term it is worth it in certain locations, think near a lake and away from big sources of pollution.
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Old 22.11.2019, 13:12
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Re: Is it worth buying a flat in Switzerland?

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Longer-term it is worth it in certain locations, think near a lake and away from big sources of pollution.
Are you suggesting that location plays a role in the value of real estate?

What about location, and location?
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  #46  
Old 23.11.2019, 17:39
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Re: Is it worth buying a flat in Switzerland?

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Is it better to buy or rent? If you have have the cash to buy a flat, is it a better deal to buy rather than renting and keeping the cash invested?
The key difference between buying and renting is the calculation of your personal net worth. If you are buying, assuming you are going to do mortgage, the monthly payment to bank will still be counted as your net worth. Rent, however, just goes away.

On the other hand, yearly rate of return in the long run, stock market does better than property.

Therefore, the answer to your question depends on yourself that what you want, how well you invest in stock market (i.e. estimated rate of return if you buy stock) etc.
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Old 23.11.2019, 18:44
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Re: Is it worth buying a flat in Switzerland?

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Is it better to buy or rent? If you have have the cash to buy a flat, is it a better deal to buy rather than renting and keeping the cash invested?

In case of buying: Were is it? How much does it cost? How old is the building? Previous renovations? Monthly costs? Status of the maintenance and repair fund?
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