Property: In which Swiss cantons are homes the cheapest - and the most expensive?
Property prices in the most expensive Swiss canton are four times that of the cheapest. Here's how each of Switzerland's 26 cantons rank.
Despite its small size, Switzerland’s 26 cantons are incredibly diverse. This is true from language to culture - and with regard to wealth.
A study completed by Zurich property firm Lazi and published in Swiss news outlet 20 Minutes shows the dramatic price difference from canton to canton.
Each of Switzerland’s 26 cantons are ranked from first to last on the basis of how much it costs to buy a single family home.
The average across Switzerland is a pricey CHF1,255,000 for a single family home, indicating how difficult it is for many people in Switzerland to get on the property ladder.
As The Local Switzerland wrote about earlier in August, Switzerland has the highest percentage of renters in Europe and is the only country where more than 50 percent of homes are rented rather than owner-occupied.
The most expensive regions of Switzerland are the geographical centre, along with the larger cities of Geneva, Zurich and Basel.
Rural cantons are comparatively cheap, however they are still expensive when it comes to prices in neighbouring countries.
Where in Switzerland are homes the cheapest?
The cheapest canton when it comes to buying a single family home in Switzerland is the north western canton of Jura.
According to Lazi, buying a home in this canton will cost you CHF587,000.
Glarus is slightly higher at CHF771,000, followed by Valais at CHF783,000.
In a separate study looking at cost of living, Valais was also the cheapest canton to live in for a family.
There were 11 more cantons where a home costs less than one million francs, Solothurn, Freiburg, Thurgau, Schaffhausen, Appenzell Ausserhoden, St Gallen, Neuchatel, Bern, Uri, Aargau and Ticino.
Where in Switzerland are homes the most expensive?
The priciest canton for buying a single family home in Switzerland is Zug, where it’ll set you back an average of 2,109,000 francs.
It is perhaps no surprise considering that Zug is also the canton in Switzerland which has the most millionaires, along with neighbouring Schwyz.
Geneva is the next most expensive canton where a house costs CHF2,093,000, followed by Zurich (CHF1,770,000).
Basel City keeps the trend of cities being expensive, going in fourth place with an average cost of CHF1,748,000.
Finally Schwyz - where there are 16 millionaires for every 1,000 taxpayers - is in fifth place with an average house price of 1,503,000.
The full list
Basel City: CHF1,748,000
Basel Country: 1,331,000
Swiss average: 1,255,000
Appenzell Innerrhoden: 1,000,000
St Gallen: 940,000
Appenzell Ausserhoden: 896,000