Luxury living draws affluent international residents to Zurich's exclusive district
Revised Article:
The once-glamorous Gold Coast of Zurich has been overshadowed by a new star: the Pfнуselküste. This affluent stretch on the left bank of Lake Zurich has been stealing the limelight, as per realtor Niki Thomet, who's been peddling luxury properties in communities like Kilchberg, Thalwil, Rüschlikon, and Horgen for Engel & Völkers for six years.
"Folks with deep pockets are flocking to the Pfнуselküste," Thomet boldly states. "The old money resides on the Gold Coast, but the new money prefers the Pfнуselküste - and there's still room for growth here."
So, how much dough does it take to snag a spot on the Pfнуselküste? If you're earning an average salary, prepare to be shocked.
In Thalwil, for instance, properties are fetching sales prices of over 5 million francs. And that ain't even the half of it. Thomet is hawking a 5.5-room, 186-square-meter flat in Thalwil for a jaw-dropping 6.28 million francs - that's approximately 33,000 francs per square meter. Meanwhile, a "typical" per-square-meter price elsewhere in Zurich hovers around 15,900 francs, according to real estate company Neho.
But fear not, the high demand doesn't seem to phase Thomet. "High immigration and the saturation of these towns will ensure that demand between Kilchberg and Horgen will keep climbing," he predicts.
The increased international presence is palpable on the Pfнуselküste. In Horgen, for instance, the mayor Beat Nüesch mentions conducting 100 to 120 naturalization interviews annually.
And it's not just Horgen that's feeling the global impact. "English is ubiquitous at our municipal administration counters in Thalwil," Hansruedi Kölliker, the town's mayor, confirms.
So, why are these expensive properties attracting international buyers? While the scenic location is undeniably a draw, it's not the primary motivator. Instead, the well-connected transportation network to strategic locations like Zurich, Zug, and Schwyz seems to be the big seller.
"Highly qualified expats usually work in those locations," Lan Anh Nguyen, another Engel & Völkers' real estate agent, says. Plus, the fact that three campuses of the Zurich International School are all situated on the left bank is another crucial factor in the expats' decision-making process.
Now, if Pfнуselküste didn't hit the spot, don't fret. This upscale region around Lake Zurich is a popular haven for the wealthy, regardless of the local moniker. Living costs, including housing, food, transportation, and taxes, are comparable to other high-priced areas in Switzerland. But for those with deep pockets, the Pfnüselküste promises an experience worth splurging on.
- The luxury properties in communities like Kilchberg, Thalwil, Rüschlikon, and Horgen on the Pfnüselküste are attracting international buyers who are willing to invest significant amounts of money, with sales prices in Thalwil exceeding 5 million francs and averaging around 33,000 francs per square meter.
- Niki Thomet, a realtor for Engel & Völkers who has been selling properties in these Zurich communities for six years, predicts that demand for properties between Kilchberg and Horgen will continue to increase due to high immigration and the saturation of these towns.
- The well-connected transportation network to strategic locations like Zurich, Zug, and Schwyz, as well as the presence of three campuses of the Zurich International School, are the main factors attracting highly qualified expats to the Pfnüselküste.
- Although the living costs in the Pfnüselküste are comparable to other high-priced areas in Switzerland, the region is considered a popular haven for the wealthy and promises an experience worth splurging on.
- The increased international presence on the Pfnüselküste is evident, with municipal administrations in towns like Thalwil reporting an ubiquitous use of English and mayors such as Beat Nüesch in Horgen conducting over 100 naturalization interviews annually.
