Hi everyone
I am both British and Swiss. I am currently considering buying a property to let as an investment. The more I read, the more I get confused
Where do I gain more financial benefits, in Uk (London) or Switzerland?
I have heard about income-rent-tax in Swiss can be very high....
Thank you
Hi everyone
I am both British and Swiss. I am currently considering buying a property to let as an investment. The more I read, the more I get confused
Where do I gain more financial benefits, in Uk (London) or Switzerland?
I have heard about income-rent-tax in Swiss can be very high....
Thank you
Have you found property where the rent would cover the mortgage payment? With fixation du loyer and property prices in bubble territory, I'd imagine the cap rates must be in the toilet right now...
Have you found property where the rent would cover the mortgage payment? With fixation du loyer and property prices in bubble territory, I'd imagine the cap rates must be in the toilet right now...
Have you found property where the rent would cover the mortgage payment? With fixation du loyer and property prices in bubble territory, I'd imagine the cap rates must be in the toilet right now...
no I have not even started that process yet - but I learnt that in Switzerland the mortgage with such low rates is always cheaper than the rents.
no I have not even started that process yet - but I learnt that in Switzerland the mortgage with such low rates is always cheaper than the rents.
hello,
few simple rules:
- you need to have about 28% of the property value in your own cash, because usually banks lend 80% of the value + you ll need to pay yourself taxes, notary etc (5%) and you never know other expenses to settle in (usually i count 3%)
- mortgage rate are very low. A fix rate at 10 years now is about 1.8%-2%, which makes it "cheap" to buy = as you said, better to own than to rent
- cities where rents are high are zurich and geneva, i would forget the rest
- if you want to rent out, buy something with lot of bedrooms rather than big living room or big kitchen, more bedrooms = more people living there = higher rent
if you need more info just write me, i do this all day long :-)
hello,
few simple rules:
- you need to have about 28% of the property value in your own cash, because usually banks lend 80% of the value + you ll need to pay yourself taxes, notary etc (5%) and you never know other expenses to settle in (usually i count 3%)
- mortgage rate are very low. A fix rate at 10 years now is about 1.8%-2%, which makes it "cheap" to buy = as you said, better to own than to rent
- cities where rents are high are zurich and geneva, i would forget the rest
- if you want to rent out, buy something with lot of bedrooms rather than big living room or big kitchen, more bedrooms = more people living there = higher rent
if you need more info just write me, i do this all day long :-)
Thank you dear aandreaa,
I already own a house in Zurich. So now im looking into buying another property to let as a mini investment, but more looking forward to the net-rental-income which I know it does attract more tax in Switzerland than UK. The rates are lower in Swiss. but finding a property is easier in London. ..etc
So there are cons and pros and I am confused
Thank you dear aandreaa,
I already own a house in Zurich. So now im looking into buying another property to let as a mini investment, but more looking forward to the net-rental-income which I know it does attract more tax in Switzerland than UK. The rates are lower in Swiss. but finding a property is easier in London. ..etc
So there are cons and pros and I am confused
hello,
few simple rules:
- you need to have about 28% of the property value in your own cash, because usually banks lend 80% of the value + you ll need to pay yourself taxes, notary etc (5%) and you never know other expenses to settle in (usually i count 3%)
- mortgage rate are very low. A fix rate at 10 years now is about 1.8%-2%, which makes it "cheap" to buy = as you said, better to own than to rent
- cities where rents are high are zurich and geneva, i would forget the rest
- if you want to rent out, buy something with lot of bedrooms rather than big living room or big kitchen, more bedrooms = more people living there = higher rent
if you need more info just write me, i do this all day long :-)
May I ask what do you mean by " doing this all day long" ?! Do you work in a bank or estate agency?
May I ask what do you mean by " doing this all day long" ?! Do you work in a bank or estate agency?
yes, i work in real estate, not an agency.
oh wow. great. Well first of all I would like to thank you... second I am so happy to have met you then. Today i went to my bank to talk over mortgage. They gave me a green light to go and find a property. I would keep that in mind " more bedrooms" as you said. That was a great point to mention ..... really thank you.
Now - just wondering ....do you have a property for me?! I know you are base in Geneva but you never know!!
oh wow. great. Well first of all I would like to thank you... second I am so happy to have met you then. Today i went to my bank to talk over mortgage. They gave me a green light to go and find a property. I would keep that in mind " more bedrooms" as you said. That was a great point to mention ..... really thank you.
Now - just wondering ....do you have a property for me?! I know you are base in Geneva but you never know!!
