Real Estate in Lugano, Switzerland
Last updated on Sep 15, 2024
Summary: The average cost of a nice 2 bedroom home in Lugano, Switzerland is around $1.2 million USD. The average cost of a nice 3 bedroom home in Lugano is around $1.5 million USD. These properties typically include modern amenities such as high-end appliances, marble countertops, and hardwood floors. Some properties may also include a private garden or terrace. Foreigners are allowed to purchase property in Lugano, however, they must obtain a permit from the local canton. An expat looking to buy a home in Lugano should start by researching the local real estate market and familiarizing themselves with the different neighborhoods. They should also consider working with a local real estate agent who can help them find the right property for their needs. The most desirable neighborhoods in Lugano include Paradiso, Breganzona, and Castagnola. These areas offer stunning views of Lake Lugano and the surrounding mountains, as well as easy access to the city center.
How do I find a place to live in Lugano?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Lugano is to search online for rental listings. Websites such as Immoscout24, Homegate, and Comparis are popular resources for finding rental properties in Lugano. Additionally, you can contact local real estate agents who specialize in the Lugano area to help you find a suitable place to live. Additionally, you can search for rental listings on social media platforms such as Facebook and Instagram, as many landlords post their rental properties on these sites. Finally, you can also ask friends and family who live in Lugano for recommendations on rental properties," said one expat in Lugano.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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What is a typical expat home or apartment like in Lugano?
"Expat homes and apartments in Lugano are typically modern and spacious, with large windows that offer stunning views of the surrounding mountains and lake. Many of the apartments come with balconies or terraces, perfect for enjoying the fresh air and sunshine. The interiors are often decorated with contemporary furnishings and feature high-end appliances and amenities. Expats in Lugano can also expect to find plenty of storage space, as well as access to a variety of amenities such as gyms, pools, and saunas," said one person in Lugano.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
What is the average cost of housing in Lugano?
If you are thinking about moving to Lugano, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Lugano is generally quite high. Renting an apartment in the city center can cost upwards of 2,000 Swiss Francs per month, while a house in the suburbs can cost around 1,500 Swiss Francs per month. Prices can vary depending on the size and location of the property," said one expat who made the move to Lugano.
Should I buy or rent a home in Lugano?
If you have not spent a lot of time in Lugano, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Lugano can be a great investment, as the city is known for its high quality of life and stunning views of the Alps. However, it is important to consider the cost of living in Lugano, which is higher than in many other parts of Switzerland. Renting a home in Lugano may be a more cost-effective option, as it allows you to enjoy the city without the long-term commitment of buying a home. Additionally, renting can give you the flexibility to move to a different part of the city or country if your circumstances change. Ultimately, the decision to buy or rent a home in Lugano should be based on your individual needs and financial situation," remarked one foreigner who made the move to Lugano.
What do I need to know when buying property in Lugano?
When we asked expats what advice they would give a foreigner before buying a property in Lugano, they said:
"When buying property in Lugano, 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 trends in the area. Additionally, it is important to be aware of the taxes and fees associated with purchasing property in Lugano, 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 the language spoken in the area," explained one foreigner living in Lugano, Switzerland.
Are foreigners allowed to own property in Lugano?
When we asked expats what advice they would give a foreigner before buying a property in Lugano, they said...
"Foreigners are allowed to own property in Lugano, but there are certain restrictions. Non-Swiss citizens must obtain a permit from the cantonal authorities in order to purchase real estate in Lugano. This permit is usually granted if the buyer can demonstrate that they have sufficient financial resources and that the purchase of the property is in line with the interests of the canton. Additionally, the buyer must also prove that they have a valid residence permit in Switzerland," said one in Lugano.
What appliances are typically included in a rental?
We asked foreigners in Lugano 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 Lugano 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 expat in Lugano.
Additional Information about Searching for a Home in Lugano:
We asked foreigners in Lugano 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 Lugano by looking online for real estate listings, contacting local real estate agents, and searching for rental listings on websites such as Airbnb and HomeAway. Additionally, expats can look for housing options through online forums and social media groups dedicated to expats living in Lugano," explained one person living in Lugano, 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 Lugano
- Cost of Living in Lugano
- Healthcare & Health Insurance in Switzerland
- Best Places to Live in Switzerland
- Real Estate in Switzerland
- Pros & Cons of Living in Switzerland
- Best Places to Visit in Switzerland for Christmas Cheer
- Pros and Cons of Living in Switzerland 2024
- 2024 Guide to Moving to Switzerland