Financing your project

14 january 2017 - Knowing your purchasing power is crucial to knowing what you can really afford and will help to focus your search.

Financing your project

Knowing your purchasing power is crucial to knowing what you can really afford and will help to focus your search.

Calculating your purchasing potential is essential and well before you start your search. Buying property is a long-term investment and commitment that should not lead to hardships or difficulties.

 

THREE GOLDEN RULES

  • You must have 20% of the purchase price readily available, 10% of which must come neither from your pension fund nor from reimbursable loans.
  • Running costs after purchase (interest, amortisation, upkeep) must not exceed 33% of your annual gross income.
  • The estimate for the property should generally correspond to the purchase price.

 

WELL WORTH KNOWING

In Switzerland there is no restriction to the purchase of a main home. If you are resident in Switzerland, a Swiss national or holder of B or C permits, you may purchase property. Purchase of a second residence may in certain circumstances be subject to particular conditions.