Switzerland is a small country in the central Europe; there are only seven million inhabitants living there. Nevertheless, the country has no access, for example, to the sea, it has something not less interesting to attract tourists – pristine lakes luxury, mountain resorts, pristine lakes, a lot of attractions, incomparable cheeses, the most accurate clock in the world; also more than a million tourists who come to this country every year. But not only. A lot of people dream of their own Real estate in Switzerland. And many investors buy up properties for the purpose of profitable investment. But unlike purchasing real estate abroad in other countries in Europe, it is not easy for many people to make a purchase in Switzerland, even having the required monetary sum.
Real Estate Prices
In the 80s the real estate prices in this country have been overestimated because of high demand. But now they are really much lower.Related blogpost Living in Switzerland: Real Estate vs. Apartment. And the maximum demand for real estate in this country comes from the Russians.
This country has more than 20 cantons (or regions) and the prices for them also differ significantly.Add me to friends apartments in Montreux. In many major cities, and tourist centers properties purchased by non-residents is illegal. It is allowed for foreigners to buy property in the cantons of Wat, Fribourg, Bern, St. Gallen, Noenburg, Lucerne, Valais, Ticino, Graubunden, Jura, Schwyz, Obwalden, Nidwalden, Schaffhausen, Appenzell. The average price per square meter of apartments is from 4 to 10,000 Swiss francs.
Switzerland is a multilingual country. In many cantons German is used, and some part of people speaks French. Only in one canton among the others Italian is most accepted. In addition to this the official language is also the Rhaeto-Romance language, but people use it quite rare.
If we speak about affordable housing, it is worth saying that a typical one-bedroom apartment is valued at 100,000 Swiss francs (currently 1 franc equals to 0.84 U.S. dollars). A three-bedroom will cost you over 400,000 francs, but most of them are well-repaired.Moreover ,Apartments in Montreux are much valued. Country villa or a house which is next to the popular resort will cost you the sum of not less than 3.2 million Swiss francs. In general, real estate prices are seasonal. In winter, with the influx of tourists who want to enjoy the ski resorts, prices for real estate in the mountains increase. The cost of housing is also affected by the year of its construction, the conditions of the building and view.
Real Estate Prices in Switzerland