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

By Betsy Burlingame

Last updated on Jan 16, 2024

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

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How do I find a place to live in Vevey?

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

"Finding a place to live in Vevey, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a studio apartment to a larger family home. Next, you should start your search online. Websites like Homegate, ImmoScout24, and Comparis are popular real estate platforms in Switzerland where you can filter by location, price, size, and other features. You can also consider hiring a real estate agent to help you in your search. They can provide valuable local knowledge and help negotiate rental contracts. Another option is to look for listings in local newspapers or community bulletin boards. These can often be found in supermarkets or community centers. Once you've found a potential place, arrange a viewing. This will give you a chance to inspect the property and ask any questions. If you're moving from abroad, you might want to consider temporary accommodation first, such as a serviced apartment or hotel. This can give you a base while you conduct your property search. Finally, once you've found a place you like, you'll need to submit an application. This usually involves providing proof of income and a copy of your passport. In Switzerland, it's common for landlords to require a deposit of up to three months' rent. Remember, the rental market in Switzerland can be competitive, so it's important to act quickly when you find a place you like. It's also worth noting that in Vevey, as in the rest of Switzerland, it's common for apartments to be rented unfurnished," said one person in Vevey.

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

"A typical expat home or apartment in Vevey, is often a blend of modern and traditional Swiss architecture. These homes are usually spacious, with large windows that allow plenty of natural light and offer stunning views of the surrounding mountains and Lake Geneva. The interiors are typically designed with a minimalist aesthetic, featuring clean lines, neutral colors, and high-quality materials such as hardwood floors and granite countertops. The living room is often the centerpiece of the home, with comfortable seating and a fireplace for the colder months. The kitchen is usually fully equipped with modern appliances and ample storage space. Bedrooms are cozy and comfortable, often with built-in wardrobes. Bathrooms are typically modern and well-appointed, often featuring both a shower and a bathtub. Many expat homes and apartments in Vevey also come with outdoor spaces such as balconies or terraces, perfect for enjoying the beautiful Swiss scenery. Some may even have a small garden area. In terms of location, expat homes are often situated in safe, quiet neighborhoods that are within walking distance to local amenities such as shops, restaurants, and public transportation. Some may also be located in close proximity to international schools, making them ideal for expat families. Despite the high standard of living, it's worth noting that homes and apartments in Vevey can be quite expensive, as is the case in many parts of Switzerland. However, many expats find that the high quality of life, stunning natural beauty, and friendly community make it worth the cost," said one person in Vevey.

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What is the average cost of housing in Vevey?

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

"The average cost of housing in Vevey can vary greatly depending on the type and size of the property. For a one-bedroom apartment in the city center, you might expect to pay around CHF 1,200 to CHF 1,500 per month. A three-bedroom apartment in the same area could cost between CHF 2,500 and CHF 3,500 per month. If you're looking to buy property, the average price per square meter in the city center is likely to be between CHF 9,000 and CHF 11,000. However, these prices can fluctuate based on factors such as location, property condition, and market trends," said one expat who made the move to Vevey.

Should I buy or rent a home in Vevey?

If you have not spent a lot of time in Vevey, 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 Vevey, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Vevey for a long time, 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. If you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership, renting might be a better option for you. Renting a home in Vevey offers more flexibility. It's a good option if you're planning to stay in the area for a short period or if your job requires you to move frequently. Renting also allows you to avoid the large upfront costs associated with buying a home. Plus, you won't have to worry about maintenance costs, as these are typically covered by the landlord. However, renting doesn't allow you to build equity, and you won't see a return on the money you spend on rent. Additionally, you may face annual rent increases, and you'll have less control over your living situation, as the landlord can decide to sell the property or not renew your lease. In conclusion, whether you should buy or rent a home in Vevey depends on your financial situation, how long you plan to stay, and your personal preferences. It's important to weigh the pros and cons of each option and consider seeking advice from a financial advisor or real estate professional," said one person in Vevey.

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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