Real Estate in Zug, Switzerland
Last updated on Apr 10, 2024
Summary: The average cost of a nice 2 bedroom home in Zug, Switzerland is around $1.2 million USD, while a nice 3 bedroom home is around $1.5 million USD. These properties typically include modern amenities such as high-end appliances, spacious living areas, and large balconies with views of the lake or mountains. Some properties may also include a private garden or terrace. There are no restrictions on foreign ownership for properties in Zug. Expats should search for a home to buy in Zug by using online real estate portals, such as Immoscout24, or by contacting a local real estate agent. The most desirable neighborhoods in Zug include the Old Town, the lakeside area, and the city center. These areas offer a variety of amenities, including restaurants, shops, and cultural attractions.
How do I find a place to live in Zug?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Had help from an excellent relocation agent, Le Concierge. We found her and her company completely by chance (through the school magazine) and would highly, highly recommend not only her but this way of doing things - she thought of everything and asked a lot of excellent questions about us which made us re-evaluate our attitudes to moving in part," said one person in Switzerland.
"Finding a place to live in Zug can be done by searching online for rental listings, contacting a local real estate agent, or attending a local housing fair. Additionally, many expats in Zug use online forums to connect with other expats and find housing opportunities. It is also possible to find housing through word of mouth, by asking friends and colleagues if they know of any available apartments or houses," said one expat who made the move to Switzerland.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Zug?
"Expat homes and apartments in Zug are typically modern and spacious, with large windows that let in plenty of natural light. Many of the apartments have balconies or terraces, offering stunning views of the surrounding mountains and lakes. The interiors are often decorated with contemporary furnishings and feature high-end appliances. Expats in Zug can also enjoy access to a variety of amenities, such as swimming pools, fitness centers, and saunas," said one person in Switzerland.
"4 1/2 room (3 bedrooms) apartment. Very typical. Costs SFr. 2,500 per month plus utilities of SFr. 300.- and garage SFr. 150.-," said one expat who made the move to Switzerland.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Zug?
If you are thinking about moving to Zug, cost of living in probably a key consideration. Expats commented about the cost of housing:
"On the whole housing cost is higher but we are paying lower taxes and my husband's salary is better ehre than in the UK so overall we now have a slightly higher standard of living," said one person in Switzerland.
"The cost of housing in Zug is generally quite high. Renting an apartment in the city can cost anywhere from 1,500 to 3,000 Swiss Francs per month, while buying a property can cost upwards of 1 million Swiss Francs," said one expat who made the move to Switzerland.
Should I buy or rent a home in Zug?
If you have not spent a lot of time in Zug, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Zug is a great option if you plan to stay in the area for the long term. There are a variety of properties available and buying can offer the security of owning a home. However, renting can also be a viable choice depending on the length of stay you are planning. Renting can offer more flexibility and is often more cost-effective than buying in the short-term. Ultimately, it is important to evaluate your lifestyle and financial situation and decide which best suits your needs," said one expat in Switzerland.
What do I need to know when buying property in Zug?
When we asked expats what advice they would give a foreigner before buying a property in Zug, they said:
"When buying property in Zug, it is important to be aware of the local laws and regulations. It is also important to research the local market and understand the current market trends. Additionally, it is important to be aware of the taxes and fees associated with purchasing property in Zug, as well as any restrictions on foreign ownership. It is also important to be aware of the local infrastructure and amenities, as well as the availability of public transportation. Finally, it is important to be aware of the local culture and customs, as well as any potential language barriers," explained one foreigner living in Switzerland.
Are foreigners allowed to own property in Zug?
When we asked expats what advice they would give a foreigner before buying a property in Zug, they said...
"Yes, foreigners are allowed to own property in Zug. Non-Swiss citizens are able to purchase real estate in the canton of Zug, provided they have a valid residence permit. The residence permit must be obtained from the cantonal migration office before the purchase of the property. The permit is usually granted if the buyer has a valid work permit or is self-employed in Switzerland," explained one person living in Switzerland.
What appliances are typically included in a rental?
We asked foreigners in Zug what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Zug typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include a microwave, toaster, and other small kitchen appliances," said one foreigner living in Switzerland.
Additional Information about Searching for a Home in Zug:
We asked foreigners in Zug what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Zug by looking at online listings, contacting local real estate agents, and attending open houses. They can also search for rental properties by checking classified ads in local newspapers and online forums. Additionally, expats can ask friends and colleagues for recommendations and advice on finding a suitable home in Zug," wrote one expat who made the move to Switzerland.
About the Author
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.
Additional Information:
- Expat Guide to Zug
- Cost of Living in Zug
- Health Care in Zug
- The Insider's Guide to Zug
- 5 Tips for Living in Zug
- Healthcare & Health Insurance in Switzerland
- Best Places to Live in Switzerland
- Real Estate in Switzerland
- Pros & Cons of Living in Switzerland
- Mental Health Care in Switzerland
- What It's Like Living in Zug
- Pros and Cons of Living in Switzerland 2024
- 2024 Guide to Moving to Switzerland