Where Can You Buy Affordable Real Estate in Switzerland in 2023?
When you think of Switzerland, the first thing that comes to mind may not be affordable housing. Known for its high quality of life and luxury, Switzerland is often associated with expensive real estate. However, there are still options for those looking to buy property on a budget.
The average price per square meter for apartments in Switzerland is around €8,700. While this may seem steep, there are certain cantons where prices are more affordable. Here are the five cheapest cantons in Switzerland for buying property, listed by price per square meter:
- Jura – €4,600
- Solothurn – €5,990
- Neuchâtel – €6,200
- Valais – €6,500
- Fribourg – €6,700
On the other end of the spectrum, the most expensive cantons for buying property are Zug, with an average price of €15,500 per square meter, and Geneva, with an average price of €14,100 per square meter. It’s no wonder that a large portion of the Swiss population chooses to rent rather than buy property.
However, it’s important to note that Switzerland boasts high salaries, even by European standards. The average monthly salary is around €6,800. This means that while property prices may be relatively high, many Swiss residents have the means to afford them.
When it comes to buying property in Switzerland, it’s not just about the price per square meter. There are other factors to consider as well, such as location, amenities, and potential for growth. Some cantons may offer more affordable housing options, but they may also have limited job opportunities or lack the cultural vibrancy of larger cities.
For those looking for a balance between affordability and opportunity, cities like Basel, Bern, and Zurich may be worth considering. While they may have higher property prices compared to the cheapest cantons, they also offer a higher quality of life and more job prospects.
Another option for those seeking affordable housing in Switzerland is to look for properties in smaller towns and rural areas. These areas often have lower property prices and can provide a quieter, more relaxed lifestyle. However, it’s important to consider factors such as transportation links and access to amenities when choosing a location.
In conclusion, while Switzerland may be known for its expensive real estate, there are still opportunities to find affordable property. The key is to research different cantons and consider factors beyond just the price per square meter. With careful planning and consideration, you can find a property that suits your budget and lifestyle in Switzerland.