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PROPERTY

Swiss property prices see strongest rise in years

Residential property prices in Switzerland experienced one of the strongest price increases in recent years, new figures show.

Swiss property prices see strongest rise in years
The prices of Switzerland’s housing, here in the old part of Lucerne, has risen significantly this year. Photo by Dorothea OLDANI on Unsplash

During the first nine months of this year, house prices rose by 6.2 percent, while apartments went up by 5.2 percent, according to RealAdvisor appraisal platform

Where are the properties most expensive?

As this RealAdvisor chart indicates, the priciest housing is in urban centres like Geneva, Zurich, and Basel, or locations with a high concentration of multinational companies and residents, such as Zug and Lausanne.

RealAdvisor’s chart shows not only by how much property prices have increased between January and September 2021 — 1 percent is a Swiss average — but also the price buyers paid for a square metre of a single-family house or apartment.

Image by RealAdvisor

“This steady rise in prices, although at a more moderate pace this quarter, attests to continued strong demand. But it also signals that there are fewer available properties”, said Jonas Wiesel, RealAdvisor’s co-founder.

The number of apartments for sale dropped most in Biel (-31 percent), Zug (-26 percent) and Lausanne (-23 percent). On the single-home market, the decrease is even more drastic, mainly in Zug (-58 percent), Neuchâtel (-45 percent), Schaffhausen (-38 percent), and Geneva (-28 percent) .

Why do Swiss property prices keep rising?

As The Local explained in a recent article, one major reason for such a low rate of home ownership — and high real estate prices —  is scarcity of land.

Switzerland is a small country with little land left to be developed, and the development of whatever land is available is strictly regulated; for instance, agricultural land can’t easily be used for construction.

And as Switzerland’s land is not expandable, “residential real estate will continue to appreciate in value”, Stefan Fahrländer, chairman of the board of Fahrländer Partner, a real estate consultancy firm in Zurich, said in an interview.

READ MORE: How much do you need to earn to afford a house in Switzerland?

The good news, however, is that the situation on the property market is now stabilising in regards to price hikes.

These links provide useful information for all those who are looking for houses or apartments to buy in Switzerland:

READ ALSO: Property in Switzerland: Where are house prices rising the fastest?

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LIVING IN SWITZERLAND

How to dispose of unwanted furniture or whitegoods in Zurich legally

Got an unwanted mattress, fridge or sofa? Here’s how you can legally get it off your hands in Zurich.

How to dispose of unwanted furniture or whitegoods in Zurich legally

If you’ve bought a new piece of furniture in Zurich or a mattress, you may be faced with the problem of what to do with the old one. 

This is particularly the case in cities like Zurich, where space is at a premium and you may not be able to kit out your spare room with the old furniture. 

While there are waste disposal centres, even getting there without a car can be a problem. 

One man’s trash…

First things first, think about whether you really need to get rid of the thing in question. 

While you may not want it, there may be someone out there willing to take it off your hands – particularly if you aren’t going to charge them. 

The first point of call is to ask your friends and colleagues if they’re interested, with social media the perfect place to ask around. 

If you live in an apartment complex, you might try placing the item in a common area with a note saying “zu verschenken” (to give away) or ‘gratis’ (free). 

After that, there are several online options like eBay, Facebook Marketplace, Free Your Stuff Zurich, Ricardo, Anibis, Craig’s List and Tutti. 

Some of these sites will charge a fee – even if you’re giving something away – so be sure to read the fine print first. 

Another option is to donate the goods to a charity organisation. They will usually charge you money to pick it up and prices can vary dramatically. 

Caritas charge CHF35 per 100kg plus transport costs, while Sozialwerk Pfarrer Sieber will pick up small items of furniture for a flat fee, although you’ll need to send them pictures first before they give you a quote. 

Can I put old furniture on the street in Zurich? 

Although less common than many other European cities, occasionally you will see furniture out on the street in front of homes and apartment blocks in Zurich. 

While it might clutter up the sidewalk, it is technically not illegal – provided you only do so for a maximum of 24 hours. 

You also need to make sure it doesn’t block cars, bikes or pedestrians. If it does – or if you leave it out for longer – you risk a fine.

Entsorgungstram: Zurich’s recycling and waste disposal tram

One option is the Entsorgungstram, a mobile recycling centre on rails for all Zurich residents. 

This tram weaves its way through several parts of Zurich, picking up old bulky waste including electrical devices and furniture. 

If you are lucky to live near an Entsorgungstram line, just check the timetable and bring your waste items along to meet the tram. 

There are some rules, as laid out by the Zurich council. 

“The delivered items must not be longer than 2.5 meters (exception: sofa/upholstered furniture can be no longer than 2 meters) and no heavier than 40 kilograms per item. Separate the material beforehand according to its composition: flammable, large metal and landfill”. 

Unfortunately, only pedestrians and cyclists can use this service, i.e. you cannot drive from elsewhere and deposit the stuff. 

More information including route details can be found at the following link. 

Regular waste disposal

Your next option is to see whether you can get rid of it in your usual waste disposal. 

This being Switzerland, there are a lot of rules about what the waste management company will take and will not. 

If you’re throwing away a mirror, for instance, you cannot put that with your other glass waste and will need to dispose of it elsewhere. 

On the other hand, they may take things like carpets and mattresses – although you’ll need to pay a bit extra. 

The exact rules will depend on your municipality, but generally speaking you will need to buy additional waste stickers – which cost money. 

In Zurich itself, every household receives four coupons for disposal of waste (up to 100kg) each. 

When you run out of coupons, you’ll need to pay by the kilo. 

You’ll still need to bring it to the waste disposal facility, or pay a pick up fee of around CHF80. 

This may sound steep, but they do come to your home and pick it up – which will likely be cheaper than a rental car or van. 

In Winterthur, you will need to buy stickers for CHF1.80 from the council, with each sticker letting you dispose of 10kg of waste. 

Check with the retailer where you bought the new item

One option offered by furniture sellers is to buy your old furniture or whitegoods or accept them as a trade in. 

While this is likely to be more common with second hand retailers who might see potential in your unwanted item, it is also a service offered by retailers who only sell new goods. 

One example is Ikea, who will take your old mattress, furniture or electronic device and recycle it. 

This service is available at Ikea outlets for a cost of CHF10 each. 

It is also available when you get something new delivered, although you must pre-book so the driver can be sure to set aside enough space. 

This will cost you CHF80 for furniture, or CHF50 for electronic devices and mattresses. Keep in mind that (at least with Ikea) this service is only available when you buy something new. 

Several other furniture companies offer a similar service, including Schubiger Möbel, Möbel Pfister and Conforama.  

Electrical item retails will often take your old electrical goods for recycling, whether these are small like iPhones or large like fridges and washing machines. 

More information about which goods can be recycled and how in Switzerland is available at the following link. 

Moving companies

Removalist companies are another option – whether you are moving house or not. 

If you are moving house then a disposal service may be included in the overall fees. 

If not, you can still contact the company and get the item taken off your hands. 

While different companies will charge different amounts, you’ll usually pay per 100kg rather than per item, which can be a better (or worse) option than contacting the local council. 

Swiss comparison site Comparis has detailed info about how to find a moving company here

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