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Old 26.08.2009, 13:47
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Zurich Nachmieter in the current real estate climate?

My family and I am on the horns of a dilemma here. We quite accidentally found an absolutely amazing house with a garden that we might be able to rent starting October, right in our same neighborhood. However, we would have to find a Nachmieter to take over our lease, and we are working with a very short time frame, as the owner of the house has a whole list of ready candidates willing and able to sign a lease, and he is being transferred out of the country soon. Short of going through the motions of advertising on Homegate and holding an open house on virtually no notice, would there be any way of getting a sense quickly of whether we could find someone to take over the lease in time so that we would not have to pay rent for both properties?

In case it helps, we currently are in a modern 5.5 room, 178m apartment with rent just under 5k. Seems that this is a difficult market right now for this sort of place; two years ago, there would have been people lined up for it!

Any advice is welcomed....
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Old 26.08.2009, 13:51
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Re: Zurich Nachmieter in the current real estate climate?

Try punting your existing place here and on the expats-in-zurich list.

I reckon the market is still pretty good - 4 people sharing is do-able and a family of 4-5 needs that space and would be prepared to pay.

Go for it!
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Old 26.08.2009, 13:54
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Re: Zurich Nachmieter in the current real estate climate?

I say go for it. Just place a lot of ads everywhere, and be ready to make some concessions (like 1k off the rent in 1st month) if it's getting urgent.
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Old 26.08.2009, 14:36
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Re: Zurich Nachmieter in the current real estate climate?

There's no real estate problems in Switzerland. Suck it and see. Don't use Homegate, unless you want a bizillion strangers walking through your door.
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Old 26.08.2009, 14:48
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Re: Zurich Nachmieter in the current real estate climate?

Surely the prospect of renting a 5k place on short notice is a bit difficult? 4 or 5 adults are not going to share paying that much surely? I presume it's only 3 bedrooms?
A big family might need the space but not that many could pay 5k!
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Old 26.08.2009, 15:01
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Re: Zurich Nachmieter in the current real estate climate?

5.5 rooms would suggest to me that there are 4 bedrooms

5000 / 4 = 1250

Seems reasonable to me
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Old 26.08.2009, 15:02
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Re: Zurich Nachmieter in the current real estate climate?

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Surely the prospect of renting a 5k place on short notice is a bit difficult? 4 or 5 adults are not going to share paying that much surely? I presume it's only 3 bedrooms?
A big family might need the space but not that many could pay 5k!
5k is peanuts to some. Banks regularly place long term visiting consultants etc. in CHF12k appartments - which, incidently, are worth around 2k - never mind those private tenants who can simply afford it.

Have a look on homegate and see. "...must be funny, in a rich man's world"
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Old 26.08.2009, 19:32
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Re: Zurich Nachmieter in the current real estate climate?

Ours is a 4 and has only 2.
Fair enough if it has 4. I still wouldn't share with 3 for that money though.
I totally agree a company might pay, but they usually have more time to plan and less urgency.
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Old 26.08.2009, 21:36
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Re: Zurich Nachmieter in the current real estate climate?

Yes, four closed bedrooms, albeit one with a sliding door rather than a full sound-dampening-jobber. Our previous downstairs neighbors had three children, as do a number of other families here, so it does well for a family, and would do for roommates as well.

I'll give it a go here and on the expats list and see how things fly--I really want to avoid Homegate if at all possible. Thanks for the feedback!
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Old 28.08.2009, 01:29
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Re: Zurich Nachmieter in the current real estate climate?

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Yes, four closed bedrooms, albeit one with a sliding door rather than a full sound-dampening-jobber. Our previous downstairs neighbors had three children, as do a number of other families here, so it does well for a family, and would do for roommates as well.

I'll give it a go here and on the expats list and see how things fly--I really want to avoid Homegate if at all possible. Thanks for the feedback!

It is up to the landlord if he/she wants it rented as a WG, and if there are families in the building, he/she could well say no. But you won't know who is interested unless you advertise, and contrary to what others have said, you will reach a much wider audience by using Homegate. If you accept inquiries only by email, the inquiry form must be filled out in detail. You should screen people before you invite them to a viewing. However, before you advertise, you need to give notice. Otherwise you will not be well prepared with application forms on hand. You won't be able to obtain applications from the landlord until you have given notice. If someone is interested and wants to apply, the landlord can't consider them unless he has your intent to move.
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Old 03.09.2009, 13:53
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Re: Zurich Nachmieter in the current real estate climate?

So, now with the experience of hindsight, I can comfortably say that while there is still a market out there for this type of apartment, it is certainly MUCH less in demand than it was a year or even six months ago. In our building alone there are three units that have stood empty for several months, and a year ago there were waiting lists for these places.

If anyone is facing the same situation, I would advise broadcasting your availability as far and wide as you can through multiple sources, particularly expat lists and sites. Word of mouth is great too. We avoided Homegate, for the reasons listed above, but we were literally only a day away from resorting to that route. It may well take longer than just a couple of days, so if you are considering a move within Switzerland and need a quick turn-around, try to get the word out ASAP, and be prepared to sweeten the deal a bit if necessary. The supply pool is definitely a bit bigger right now, and demand is not nearly as great as it has been (although if you are in the position of looking for an apartment right now, you might not agree!!)
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