|Last Updated: Aug. 29, 2012|
|GENEVA - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|60 sq. m.||766,680||1,970||3.08%||12,778||32.83|
|120 sq. m.||1,513,200||3,703||2.94%||12,610||30.86|
|225 sq. m.||3,210,975||7,569||2.83%||14,271||33.64|
|ZURICH - Apartments|
|50 sq. m.||n.a.||1,568||n.a.||n.a.||31,36|
|80 sq. m.||n.a.||2,336||n.a.||n.a.||29.20|
|120 sq. m.||1,228,680||3,586||3.50%||10,239||29.88|
|200 sq. m.||2,211,600||6,180||3.35%||11,058||30.90|
Geneva: All districts except Les Paquis
Zurich: Districts (Kreis)1 , 2 (Enge/Wollishofen), 6 (Unterstrass/Oberstrass),7 (Fluntern/Hottingen/Hirslanden/Witikon), 8 (Seefeld), and 10 (Wipkingen)
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Luxury apartments in Geneva command average square metre (sq. m.) prices between EUR 13,000 to EUR 14,000.
In our sample, a 120 sq. m. apartment in Geneva costs on average EUR 12,600 per sq. m., 11% more than last year (but due to the small sample size, this is not reliable as a basis for price-comparisons).
Rents on apartments in Geneva range from EUR 31 to 34 per sq. m. per month. A 120 sq. m. apartment can be rented for around EUR 3,700 per month.
The gross rental yield for apartments in Geneva is very poor, ranging from 2.83% to 3.08%. Smaller apartments tend to earn higher rental yields. For example, a 60 sq. m. apartment returns 3.08% rental yields, while a 120 sq. m. apartment returns 2.94% rental yield. A 225 sq. m. apartment returns only 2.83% rental yield.
In Zurich, the average price per sq. m. for a 120 sq. m. apartment is around EUR 10,200.
Rents on apartments in Zurich range from EUR 29 to EUR 31 per sq. m. per month. A 120 sq. m. apartment can be rented for around EUR 3,600 per month.
Rental yields for apartments in Zurich are somewhat better than apartments in Geneva, at 3.35% to 3.50%.
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