420,000 francs for 125 square meters
These are the most affordable communities for home ownership
Real estate prices in Switzerland are high. So far, the turnaround in interest rates has not been able to change anything. But there are exceptions. Housing is still cheaper to buy in these communities.
If you want to buy a property in Switzerland, you have to dig deep into your pocket. (icon picture)
Despite interest rate hikes and crises, the dream of owning your own home remains unaffordable for many. Because of the still high demand and constant immigration, prices simply do not want to go down.
But there are exceptions even in the midst of the real estate high price island: An analysis of the “NZZ” shows where interested parties in Switzerland can still buy affordable residential property. Apartments with an area of 125 square meters were compared.
There are still bargains here
Unsurprisingly, the cheapest housing is found in rural communities. Above all in Le Locle NE. Bargain hunters can find a suitable apartment here from as little as 420,000 francs. Close behind come communities from Valais and the Canton of Bern. In some villages, 125 square meters of living space still costs less than half a million Swiss francs. Small mountain villages with fewer than 2,000 inhabitants were deliberately excluded from the study, since the significance of the small number of properties sold is lacking there.
It gets significantly more expensive the closer you get to the large metropolitan areas. In Riehen BS, an apartment with 125 square meters already costs 1.29 million Swiss francs. Buyers in Puplinge GE have to dig deep into their pockets in a similar way. And in Menzingen ZG, an apartment already costs over a million.
If you are looking for affordable home ownership in the canton of Zurich, you have to move far away from the city. The cheapest condominiums are in the Zurich Oberland. In communities like Fischenthal, Wald or Elgg. The prices here are already between 700,000 and 800,000 francs.
Taxes, health insurance and childcare
In addition to the price of a property, there are other factors to consider. For example the tax rate. For example, an apartment in the low-tax canton of Zug is a lot more expensive than in Aargau. But this additional price is put into perspective over time if you can save several thousand francs in taxes every year.
A long commute to work, non-existent or expensive childcare and different health insurance premiums should also be considered as long-term cost factors when buying real estate.