With the current low interest rates, buying a home in Switzerland is cheaper than renting the equivalent accommodation, a new study from mortgage broker Moneypark says.
The study bases its calculations on an average mortgage of 690,000 francs and a deposit of 270,000 francs, the Blick newspaper reported online on Tuesday.
Assuming a fixed interest rate of 1.5 percent, payments including interest and amortization would come to about 2,615 francs a month.
Yes. Well. That assumes you can find a house for that price around here. The deposit, it should also be noted, was just a hair over the total price we paid for our terrace house in Saffron Walden.
Along almost the entire shore of Lake Geneva apartments cost 9.0 times an average annual income, with Geneva at 14.6 and Lausanne at 11.1.