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Real Estate in Lucerne, Switzerland | Expat Exchange
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Real Estate in Lucerne, Switzerland

By Betsy Burlingame

Last updated on Sep 04, 2024

Summary: People living in Lucerne, Switzerland offer advice about real estate. How do you find a home in Lucerne? Should you buy or rent? What is the cost of housing?

William Russell
William Russell
William Russell
William Russell

How do I find a place to live in Lucerne?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Lucerne involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared apartment to a family-sized house. Next, you should research the different neighborhoods in Lucerne to find one that suits your lifestyle and preferences. Some popular areas include the Old Town, which is full of historic charm, and the more modern and bustling district of Neustadt. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms that list available properties in Lucerne, such as Homegate, ImmoScout24, and Comparis. These websites allow you to filter results based on your preferences, such as location, size, price, and type of property. In addition to online listings, you can also contact local real estate agencies. They can provide you with more personalized assistance and may have access to properties that aren't listed online. When you find a property you're interested in, you'll need to arrange a viewing. This is an important step, as it allows you to assess the condition of the property and the surrounding area. If you decide to proceed with a property, you'll need to submit an application. This typically involves providing proof of income and references. In Switzerland, it's common for landlords to require a deposit, which is usually equivalent to one to three months' rent. Finally, if your application is successful, you'll sign a lease agreement. This document outlines the terms and conditions of your tenancy, so it's important to read it carefully. Once the lease is signed and the deposit is paid, you can move into your new home in Lucerne," remarked one foreigner who made the move to Lucerne.

What is a typical expat home or apartment like in Lucerne?

"A typical expat home or apartment in Lucerne, is often located in a quiet, residential area, surrounded by the city's stunning natural beauty. These homes are usually modern and well-maintained, with a blend of traditional Swiss architecture and contemporary design elements. The living spaces are generally spacious, with large windows that let in plenty of natural light and offer breathtaking views of the surrounding mountains and lakes. The apartments often feature open-plan living and dining areas, fully equipped kitchens with high-quality appliances, and comfortable bedrooms with ample storage space. Some homes may also have a balcony or a small garden, providing a private outdoor space for relaxation. The interiors are typically furnished with a mix of classic and modern pieces, creating a cozy and stylish living environment. High-speed internet, cable TV, and other essential utilities are usually included. Many expat homes in Lucerne are located within walking distance of local amenities such as shops, restaurants, and public transportation, making it convenient for daily living. Some may also have access to shared facilities like a gym, swimming pool, or a communal garden. Despite being in a foreign country, the homes are designed to provide a comfortable and familiar living environment for expats. They offer a peaceful retreat from the city's hustle and bustle, while still being close enough to enjoy all that Lucerne has to offer," explained one expat living in Lucerne, Switzerland.

What is the average cost of housing in Lucerne?

If you are thinking about moving to Lucerne, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Lucerne can vary greatly depending on the location and size of the property. For a one-bedroom apartment in the city center, you can expect to pay around 1,500 to 2,000 Swiss Francs per month. If you're looking for a three-bedroom apartment in the same area, the cost can increase to around 2,500 to 3,500 Swiss Francs per month. Outside the city center, the prices can drop significantly, with one-bedroom apartments costing around 1,200 to 1,500 Swiss Francs per month and three-bedroom apartments ranging from 2,000 to 2,500 Swiss Francs per month. Please note that these are estimated prices and actual costs may vary," said one person in Lucerne.

Should I buy or rent a home in Lucerne?

If you have not spent a lot of time in Lucerne, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Lucerne, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Lucerne for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could provide financial stability in the future. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and maintenance expenses. It also requires a long-term commitment, as selling a home can take time and effort. On the other hand, renting a home in Lucerne offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it doesn't require a large upfront investment. However, renting doesn't build equity and rental rates can increase over time. You also have less control over your living situation, as landlords can decide to sell the property or not renew your lease. In conclusion, both buying and renting a home in Lucerne have their pros and cons. It's important to carefully consider your financial situation, lifestyle, and future plans before making a decision. Consulting with a real estate professional or financial advisor could also be beneficial," remarked one member in Lucerne.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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