Accommodation in Zurich
Currently EU residents and Work Permit C holders (non-EU residents) can purchase property in Switzerland provided it is intended for personal use rather than as an investment. Heavy capital gains taxes are imposed on resale profits, so speculative property is not an attractive option in Zurich.
Most expatriates however usually prefer to rent accommodation in Zurich, as is the case with 70% of the Swiss population. This trend means that larger rental apartments in Zurich are scarce, and expatriate families often have to consider the outer suburbs for alternatives. The demand is largely driven by proximity to business and international schooling.
Zurich comprises twelve districts, of one to four neighbourhoods each. An important consideration for expatriates is the taxes levied according to the Canton and community where you live. Rates are charged according to the level of community services provided in that area and can range between 12% and 25% of your income.
As an indication of rental prices, which are on par with much of Europe, a 3-bedroom 75m² apartment close to the city will cost around CHF 1,800 a month and a 170 m² apartment also within the city precincts can set you back CHF 5,600 per month.
Most expatriates however usually prefer to rent accommodation in Zurich, as is the case with 70% of the Swiss population. This trend means that larger rental apartments in Zurich are scarce, and expatriate families often have to consider the outer suburbs for alternatives. The demand is largely driven by proximity to business and international schooling.Zurich comprises twelve districts, of one to four neighbourhoods each. An important consideration for expatriates is the taxes levied according to the Canton and community where you live. Rates are charged according to the level of community services provided in that area and can range between 12% and 25% of your income.
As an indication of rental prices, which are on par with much of Europe, a 3-bedroom 75m² apartment close to the city will cost around CHF 1,800 a month and a 170 m² apartment also within the city precincts can set you back CHF 5,600 per month.
Tags
