Having your own property provides you more freedom to do what you like as it is your home. At the moment many people in Switzerland rent rather than buy their own home. However, due to ongoing low mortgage rates, the purchase of residential property is particularly attractive for many Swiss and foreigners.
A comparison between the current cost of renting and possible costs of owning a house or apartment can show that the costs of purchasing a residential property may not necessarily be higher than renting.
Normally for the acquisition of a property at least a 20% deposit of the purchase price is required. However, if this sum is not freely available then there are also different possibilities that we can advise and assist with.
Please feel free to contact Mrs Cigdem Genc at EXPAT SWISS Tax Return on +41 (0)61 401 5100 or e-mail for a personal calculation and discussion of your individual housing situation.
