Picturesque Zurich: the business capital of Switzerland
Zurich - the jewel of Switzerland: the capital of quality and prosperity
Switzerland: Land of sights and cultural treasures
The gastronomic diversity of Zurich: restaurants, culinary traditions, national dishes
Zurich: a city of climate protection, science, and culture, with an interesting real estate market
Real estate in Zurich: prices, investments, neighborhoods
Investing in real estate in Zurich: attractive neighborhoods and opportunities
# Zurich is the pearl of Switzerland
Zurich is not just a metropolis in Switzerland; it is a true gem, embodying quality and prosperity. Located in the canton of the same name, it captivates with its beauty: surrounded by picturesque hills, it stretches along the shores of Lake Zurich and is home to approximately 370,000 people. If you include the suburbs, the population rises to nearly 2 million.
Administrative and financial center
The official language here is German, which makes it the administrative center of the country and the financial capital of Europe. The city consistently ranks at the top of prestigious wealth and quality of life rankings. It is also known as one of the most expensive cities in the world.
Historical heritage
Today Zurich is divided into 12 districts, and its historic part occupies both banks of the Limmat River. On the west bank you will find Lindenhof, the heart of the city, the place where it all began. You can take a pleasant stroll along the Limmat embankment and discover the culture and traditions.
Modernity and style
The charm of Zurich lies in the combination of the strict Gothic style of the central districts with the vibrancy of the western areas, where modern cafes, restaurants, and clubs are located. It is a place where fashion trends emerge, new ideas are born, and life is bustling.
Preserving traditions and culture
The city is proud of its tradition, with more than 50 museums, magnificent architecture and streets that transport you to another era. On the outskirts of Zurich is the Jütliberg Nature Park with stunning views, walking trails and cozy cafes that allow you to get in touch with nature and relax your soul.
Excursion in Winterthur
If you still have the desire to explore the surroundings, don't miss the opportunity to visit Winterthur, just 25 minutes by train from Rapperswil. This town has transformed from an industrial area into a modern, cozy place with residential complexes, shops, restaurants, museums, and creative initiatives.
Significant moments in the history of Zurich
The historical aspect is also worth mentioning: the first references to Zurich date back to the 10th century, although people had settled in the area since the 1st century BC, when the city was known as Turicum. In 963, it acquired the name "Zurich." On May 1, 1351, the residents of Zurich took an oath of loyalty, incorporating their city into the Swiss Confederation, which consisted of autonomous regions.
Traveling to Zurich
How to get to Zurich? Flights from Moscow are operated daily by Aeroflot and Swiss Airlines. The travel time is about 3.5 hours, and ticket prices start from 14,000 rubles one way. Booking in advance will help you find better deals for round-trip flights. The international airport is located 10 km from the city, and there are fast trains and buses to various districts.
The transportation system of Switzerland
The transportation system in Switzerland is a hallmark of the country. Modern trains offer different classes for comfortable travel, even on suburban trips. With Swisspass, you can use various types of public transport, choosing the option that suits you best.
Switzerland is a country rich in attractions.
Switzerland is a country where every city has a wealth of historical and natural attractions thanks to its excellent transportation infrastructure. Thanks to the extensive railroad network, it is easy to get from one corner of the country to another while enjoying the amazing beauty of Switzerland.
Zurich - the capital of culture and entertainment
Zurich is one of the most famous cities in Switzerland, offering a wealth of opportunities for leisure and entertainment. The charm of Zurich's old town captivates tourists with its unique atmosphere and architecture. As you stroll through the city's streets, you can visit art galleries, antique shops, restaurants, and cafes, immersing yourself in the spirit of the history and culture of this place.
Bahnhofstrasse - the center of fashion and shopping
One of the symbols of the city is Bahnhofstrasse, the "station street," which offers a wide selection of global brands, Swiss designers, and jewelry. This street has been around for over 150 years and is one of the most popular shopping destinations in the world. Here, you can enjoy shopping and see the latest fashion trends.
Paradeplatz Square - the financial heart of Zurich
Paradeplatz is the central square of Switzerland's financial capital, where the offices of the country's largest banks are located. In this square, you will find a farmers' market that operates on Tuesdays and Fridays, where you can buy fresh fruits, vegetables, flowers, and souvenirs.
Cultural treasures of Zurich: museums and the zoo
The Kunsthaus Museum in Zurich is a place where an amazing collection of artworks from the Middle Ages to the present day is gathered. It's also worth visiting the Rietberg Museum of non-European art, which features works from India, China, and Africa.
The Zurich Zoo is a unique place where you can immerse yourself in the world of Madagascar's tropical forests and see a variety of plants and animals over an area of 11,000 square meters.
Culinary diversity in Zurich
According to various estimates, there are over 1,800 restaurants in Zurich, of which only 13 have Michelin stars. Among them, there are 10 establishments with one star and three with two stars. The city showcases a variety of culinary traditions, ranging from classic dishes with simple ingredients like cheese, potatoes, and meat to innovative molecular experiments by renowned chefs. Simple, yet fresh, "homemade" cuisine is also popular here.
Zurich is famous for its cheese, chocolate, and unique wines, which are an integral part of Swiss cuisine. In this city, you can find both restaurants with a rich history, where it's better to reserve a table in advance, and modern establishments with creative cuisine, as well as cozy bistros that serve veal sausages.
Cheese lovers should definitely try fondue and raclette - popular Swiss dishes featuring exquisite cheese. Gastronomic Zurich delights gourmets with a variety of culinary experiences.
Why visit Zurich?
The people of Switzerland place great emphasis on preserving nature for future generations, which is reflected in the presence of national parks, clean rivers and lakes, and fresh air.
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[Zurich] is one of the leading cities actively engaged in climate protection issues. Back in November 2008, the residents of this city expressed their support for a law that aimed to limit carbon dioxide emissions to 1 ton per person by 2050. The executive branch, despite significant costs, is obliged to support this initiative. Zurich is also a youth city. There are about 20 local universities in the city, where approximately 60,000 students receive higher education. Thus, Zurich has become one of the leading scientific centers. The Swiss Federal Institute of Technology Zurich (ETH), which operates alongside the University of Zurich, is considered the alma mater of a Nobel laureate. Zurich is renowned for its rich cultural heritage, which includes numerous galleries, museums, opera and drama theaters, as well as chamber and symphonic orchestras. The city regularly hosts contemporary exhibitions, performances, and concerts. It is worth noting that Zurich is known for its diverse festivals, including the Zurich Film Festival, Street Parade, and the Ball at the Opera House. An interesting situation exists in the real estate market in Zurich. Purchasing property does not, in itself, grant the right to obtain a residence permit in Switzerland. Russians are allowed to acquire only commercial real estate without restrictions. In 2014, apartment prices increased by an average of 2.15% across Switzerland, while single-family homes rose by 1.08%. In Zurich itself, there is a high demand for apartments, while more comfortable homes are often found in the suburbs.
The average cost of housing and rent in Zurich
According to the Numbeo portal, the average cost per square meter in Zurich was quite high in 2014. In the city center, the price reached CHF 16,280 (€15,000), while in the suburbs it was CHF 9,600 (€8,800). Rent also varied, starting from CHF 1,500 (€1,400) for one-bedroom apartments and going up to CHF 2,500 (€2,300) for three-bedroom apartments outside the center, while in the very center, the rent was CHF 1,900 (€1,750) and CHF 3,400 (€3,125) respectively.
Financial aspects of investing in real estate in Zurich
According to statistics, the rental yield from real estate in Zurich in 2014 ranged from 3% to 4% per annum. Investment apartments purchased for rental purposes appreciated on average by 1.93%, with new apartments valued higher (+5.22%) than old ones (+1.83%). The overall property value in the city decreased by 0.84%, which should also be taken into account when planning investments.
Popular areas for real estate investment
Commercial real estate in Zurich can yield around 2-3% annually, while similar properties in the canton of Zurich show returns of up to 5%. The financial elite, wealthy and successful individuals, seek to acquire homes with a view of the lake, preferring both the central areas of the city and prestigious suburbs like Küsnacht, Erlenbach, and Herrliberg.
Available options:Affoltern, Efretikon, and other neighborhoods with more affordable prices.
Areas with high housing costs:District8 Seefeld (Seefeld, Mühlebach, Weinegg), District1 (Rathaus, Hochschulen, Lindenhof, City), District2 (Vollishofen) and others.
Budget for investments in Zurich
To purchase an apartment with an area of 110 square meters in popular areas of Zurich, a significant budget of around CHF 1.3 million (€1,195,000) will be required. Real estate prices in Zurich remain high, and Russian citizens considering investments in this city should take all the aforementioned factors into account.
**Some remote areas of Zurich and their appeal**
Some outlying areas of Zurich, such as district 9 in the west, district 11 in the north and district 12 in the northeast, offer their properties at better prices than in the city center. For example, a two-bedroom apartment of 92 square meters in the Heng district costs only CHF750000 (€690000), which is considerably cheaper than in more prestigious locations. In the district of Vollishofen, which is only 15 minutes from the center, the price of new buildings is CHF1.85 million (€1.7 million).
Attractive neighborhoods for buying real estate in Zurich
Areas such as Altstetten, Albisrieden, Affoltern, Erlenbach, Seebach, Saatlen, and Hirzenbach offer attractive options for purchasing real estate in Zurich.
**Investing in Real Estate in Zurich: Advantages and Opportunities**
Advantages of investing in real estate in Zurich
Investors are advised to consider this location, especially if they are passionate about Switzerland or have business ties to the city. The prestige, stability and absence of negative deposit rates in Swiss banks make real estate in Zurich very attractive for investors.
Access to real estate acquisition for foreign investors
For foreign buyers whose civil rights do not allow them to purchase real estate in Zurich, there are certain options to circumvent the restrictions. They can acquire commercial property, choose housing in another canton that permits foreign ownership, or start a business and then buy a home. These methods allow foreign investors to bypass the limitations on purchasing real estate in Zurich.
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