There are great price differences in real estate
Real estate prices in Switzerland vary greatly depending on the canton. This is shown by a comparison of the Homegate.ch platform. Residential properties are the most expensive in Geneva and Zug.
Homegate.ch finds big differences in the purchase price of residential properties within Switzerland. Geneva and Zug are proving to be the most expensive cantons to buy a home, as the real estate platform belonging to TX Markets AG writes in a press release. Interested parties can only buy a 1.5 room apartment there for CHF 500,000. The same amount of money can be used to buy a three-room apartment in the canton of Zurich. In the cantons of Uri, St.Gallen and Jura, the budget is even enough for a 4.5 room apartment.
Homegate.ch also detects major differences in property prices within the individual cantons. In some municipalities in the canton of Zurich (Elgg, Gossau or Mönchaltorf), a 3.5-room apartment can be purchased for CHF 500,000. In other municipalities (City of Zurich, Horgen or Männedorf) the money is only enough for a 1.5-room apartment.
Overall, the purchase prices for real estate have risen in all cantons over the past ten years. Real estate has risen most in price in the canton of Zug. There the prices for a 4.5-room condominium rose from CHF 900,000 in 2010 to CHF 1.3 million in 2020. That corresponds to an increase of 45 percent.
The rental prices are also very different depending on the canton. And here, too, Geneva and Zug prove to be particularly expensive. The city of Zurich also has comparatively high rental prices. Appenzell Ausserrhoden or Jura are considered cheaper. In the past ten years, rental prices have increased less than purchase prices.
