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Property prices are still rising in this country and many people can no longer afford to buy property in Switzerland. Try your luck abroad. It caused upset to the local people because now house prices are increasing there too. But they are still very low compared to Switzerland.
The dream of owning your own home in a beautiful location is still possible. However, it is worth comparing not only countries but also prices. German portal Blue Home, which deals with immigration-related issues, lists the cheapest destinations for home buyers who want to emigrate.
Türkiye
Not only is the country a popular holiday destination, but you can also live well and cheaply in Turkey in the long term. According to some research, buying a house in Turkey is cheaper than anywhere else in the world. You can own a house for approximately 620 francs per square meter. For comparison: the average price per square meter of living space in Switzerland is around 8,000 francs.
United States of America
It doesn’t necessarily have to be Manhattan. But real estate in the US is certainly affordable across the country. Even those who want to live a little closer to the city can easily own a house; because salaries in the USA are much higher than in Turkey. Immigrating for work – the USA is the perfect dream destination.
Mexican
Have you ever thought about immigrating to Mexico? This country is not on many people’s radar, but it is one of the top 3 when it comes to the cheapest real estate in the world. Here you can have a square meter for approximately 830 francs. A big incentive to put Mexico on the shortlist.
Italy
You don’t have to go far to own an affordable home. Because our southern neighbor is one of the most attractive countries for immigrants in terms of price. At around 2,400 francs per square metre, Italy is much more expensive than the cheapest countries but still cheaper than Switzerland. There is also plenty of Italianità and dolce far niente.
other criteria
Interested in emigrating? Finding your dream home abroad is a hurdle; low price is just one of many criteria. Numerous portals, such as Hausinfo.ch, offer instructions so that the dream of emigration does not turn into a nightmare.
Location
First, go on vacation in the neighborhood where your dream property is located. Test the environment in daily life: Is there everything you need – schools, shopping, doctor? Talk to neighbors and check if the price suits local conditions.
building structure
In Switzerland we build for eternity, this is not the case in other countries. It is therefore important to have the building structure, plumbing and building services checked by an expert.
land registry
Are property rights clearly regulated? Land records are not kept as meticulously as in Switzerland. Do rights and obligations preclude ownership? This is not possible without a lawyer or notary who is familiar with the jungle of legislation in the relevant country. And insist that the purchase be recorded immediately in the property registry.
financing
A mortgage from a Swiss bank is generally not required to buy a house abroad. At best, Swiss branches of a local bank or a local bank that knows the market well can step in. Beware: Nowhere else are mortgage interest rates as low as in Switzerland. So don’t put too much money into the house, bring your own money as much as possible.
Redirect
After all, double tax treaties ensure that a property is taxed only where it is located. However, each country has its own tax system. In addition to a lawyer’s fees and expenses, which vary by country, a real estate transfer tax is often added to the purchase price. There are also annual taxes such as property tax or wealth tax. Additionally, in many countries such as Switzerland, the imputed rental value is taxable.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
