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Renting versus Buying

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I'd like to give some advice to newbies, that if you plan to live in Switzerland for longer than 3 years, it could make sense to buy rather than rent, because the mortgage rates are only 1.0%, which brings the cost of renting down to about 500 CHF a month versus the 2,200 CHF we paid in Zug and Freienbach (depending on the mortgage amount of course).

But you can buy at the bottom of the market at 600 k in Freienbach and still get a decent 2-3 bedroom. Average price is more like 800-900 CHF, but if you are traveling a lot, you can really save. Something to think about. I wish we had considered this earlier than waiting 3 years, as we have been in CH already 4 years.

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