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Old 14.08.2009, 14:00
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Buying a house in swizerland

Whats the score? how much does it cost - things like solicitors fee's, stamp duty etc, I know nothing about it, so before I even start looking I need to know the con's.

If you make an offer on a place here is it legally binding?

are there any 'hidden' extras somewhere down the line?

Thanks
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Old 14.08.2009, 14:13
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Re: Buying a house in swizerland

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Whats the score? how much does it cost - things like solicitors fee's, stamp duty etc, I know nothing about it, so before I even start looking I need to know the con's.

If you make an offer on a place here is it legally binding?

are there any 'hidden' extras somewhere down the line?

Thanks
I would think carefully about buying a house in Switzerland, unless you want to stay for ten years or more. It is easy to buy- not that expensive on hidden extras, but hell to sell and very expensive. You need about 20% down, unless you are Swiss. As far as I know it helps to have a C permit.
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Old 14.08.2009, 14:17
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Re: Buying a house in swizerland

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I would think carefully about buying a house in Switzerland, unless you want to stay for ten years or more. It is easy to buy- not that expensive on hidden extras, but hell to sell and very expensive. You need about 20% down, unless you are Swiss. As far as I know it helps to have a C permit.

no plans on leaving, been here 4 years already , 20% should be ok, but I'm weary of the hidden extra's like estate agent fee's, solicitors fee's, stamp duty etc etc say I find a house for 800k chf realistically how much would it cost me?

if the hidden costs are 100k then that would mean I couldn't afford it.
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Old 14.08.2009, 14:17
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Re: Buying a house in swizerland

bigblue2
the info you request is all here on this forum.
just do a little search and you'll see.

Hoppy, has already sumed up a few points very well.
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Old 14.08.2009, 14:19
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Re: Buying a house in swizerland

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bigblue2
the info you request is all here on this forum.
just do a little search and you'll see.

Hoppy, has already sumed up a few points very well.
I know, but was kinda hoping someone would have done it and be able to reel off the facts.

having just imported our car from the uk, and reading the forum beforehand I have to say there was a lot of completely incorrect info mainly from people who haddn't done it, just heard of people doing it etc
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Old 14.08.2009, 14:23
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Re: Buying a house in swizerland

Not really an issue with hidden fees. All said and done will be less than 5% of the total, depending on how you buy.

Market is low right now, so it could be a good time to get in.

You also do NOT need a C permit. I did it with B.

Hope that helps.
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Old 14.08.2009, 14:25
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Re: Buying a house in swizerland

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Not really an issue with hidden fees. All said and done will be less than 5% of the total, depending on how you buy.

Market is low right now, so it could be a good time to get in.

You also do NOT need a C permit. I did it with B.

Hope that helps.

what was that 5%. is there a swiss version of stamp duty?
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Old 14.08.2009, 14:31
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Re: Buying a house in swizerland

The biggest chunk was the Notary fee. But then there were a few other smaller fees (transfer of title, registration with commune I think). But nothing huge.
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Old 14.08.2009, 14:34
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Re: Buying a house in swizerland

5% of 800k is still 40k tho!! thats a serious wedge of fee's!!

are Notary fee % based or flat fee's
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Old 14.08.2009, 14:36
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Re: Buying a house in swizerland

If you like i can send you a complete guide on how to buy a house just pm me your address and i will pop it in the post on Monday, but be warned it is a long read

EDIT - this is now no longer possible.

Last edited by jrspet; 26.05.2010 at 19:15. Reason: User requested an edit
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Old 14.08.2009, 14:37
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Re: Buying a house in swizerland

This might help.
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Old 14.08.2009, 14:38
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Re: Buying a house in swizerland

when we bought our house last year (Canton Aagau) the Notor Fee worked out at 1% of the House Price.
This Fee was split was between us the buyers and them the sellers of the house.
Splitting the fees is not so uncommon when buying a house.
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Old 14.08.2009, 14:39
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Re: Buying a house in swizerland

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I know, but was kinda hoping someone would have done it and be able to reel off the facts.

having just imported our car from the uk, and reading the forum beforehand I have to say there was a lot of completely incorrect info mainly from people who haddn't done it, just heard of people doing it etc
Talk about contradicting yourself in one posting....
This, to me, would be exactly the reason I wouldn't rattle of a list of questions to anonymous forum users who may or may not have any experience.
Go to a professional Treuhand in your Kanton, call your local Notar, call a local real estate etc etc but please inform yourself before you purchase property here.
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Old 14.08.2009, 14:41
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Re: Buying a house in swizerland

We bought a house with < 20% down.

Paid 1% transaction costs split between buyer and seller in Zug. This can be different for other Kantons with our friends in Freibourg paying around 30k transaction costs for a CHF 500k apartment.

Paid a couple of hundred francs to register the debt (Schuldbrief).


Hidden costs:

Maintenance - the bank's assumption of 1% of the purchase price per year has been accurate for us over 4 years with a house <10 years old. Everything seems to start breaking 10 years Things are also VERY expensive to replace. Eg. Miele Dishwasher CHF 2,600, V-Zug cooker top CHF 2,300, 1m wide rotten wooden window CHF 3,000, Aircon split system CHF 4,300 (still broken).

Gardening - a total pain with tree and hedge height and neighbour's boundry issues

Increased tax burden - the deemeed rental value is calculated (in Zug based on purchase price) and this is added to your income. That amount is a similar figure to my part-time salary in Zug.

Last edited by CH_Me; 14.08.2009 at 14:55.
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Old 14.08.2009, 14:46
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Re: Buying a house in swizerland

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Talk about contradicting yourself in one posting....
This, to me, would be exactly the reason I wouldn't rattle of a list of questions to anonymous forum users who may or may not have any experience.
Go to a professional Treuhand in your Kanton, call your local Notar, call a local real estate etc etc but please inform yourself before you purchase property here.

thats exactly what I am trying to do!! the sort of house we would need is going to be in the region of 700k-1m chf, now if the fee's on top of that amount to another 200k that pretty much means we'll have to stay renting, so there is no point me looking, or bothering notar, agents etc when I wouldn't be in a position to proceed, I'd rather waste anonymous forum users time instead
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Old 14.08.2009, 14:49
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Re: Buying a house in swizerland

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thats exactly what I am trying to do!! the sort of house we would need is going to be in the region of 700k-1m chf, now if the fee's on top of that amount to another 200k that pretty much means we'll have to stay renting, so there is no point me looking, or bothering notar, agents etc when I wouldn't be in a position to proceed, I'd rather waste anonymous forum users time instead
Go to the bank. Credit Suisse told us all the fees involved.
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Old 14.08.2009, 14:53
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Re: Buying a house in swizerland

mate, where do you keep getting these high fees from 200k.
Thats 20% of the cost price just in fees. We've already said the fees could be from 1% -5%.
Yes, stop wasting our time and brush up on ya maths before you consider buying a house.
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Old 14.08.2009, 14:54
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Re: Buying a house in swizerland

when i bought a place, i went to the bank, asked how much i could have, then looked around to see what that would buy. They will tell you everything you need to know. It's pretty straightforward really.
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Old 14.08.2009, 14:57
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Re: Buying a house in swizerland

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Go to the bank. Credit Suisse told us all the fees involved.
I have all the details here from C S if anyone wants a copy let me know
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Old 14.08.2009, 15:02
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Re: Buying a house in swizerland

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when i bought a place, i went to the bank, asked how much i could have, then looked around to see what that would buy. They will tell you everything you need to know. It's pretty straightforward really.
I'm comming from the uk system, where you goto the bank, find out how much they will let you have, then get a 1k solicitors bill, 5% stamp duty (or whatever it is now), mortgage indemnity bill etc etc etc etc etc all of which the bank don't tell you about.

the 200k was just a made up figure

I don't want to buy a house for 800k (for example) using all my savings on the deposit, to get landed with a bill for xxxxxx chf a week later for xyz
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