newsbox: Three out of four families want to buy a home

Zurich, October 15, 2019

Three out of four families want to buy a home

Swiss families dream of becoming owners: 73% of tenants
current plans to acquire housing in the next ten years.
A decision motivated by the prospect of greater freedom of choice,
and often also lower costs. Half of the buyers realize
this dream between 30 and 35 years and invest for it on average 212 000 Swiss francs
of own funds. In one out of two cases, relatives help with funding.
This is shown in a representative study conducted by Swiss Life on the
theme families and housing.

With a proportion of owned homes of 43%, Switzerland is the
red lantern of Europe, according to Eurostat. Swiss Life sought to
know the position of Swiss families on the issue of
housing: despite the high share of tenants, accession to the
property is it a dream? If so, how can Swiss families
They fund? A representative survey of 875 households with
children ages 0 to 18 provide answers to these questions.
 
73% of Swiss families would like to buy a home

Of the families surveyed, only 37% own their home
house or apartment. But the vast majority in dreams: 73% of tenants
current plans to acquire housing in the next ten years.
Only 13% explicitly wish to remain tenants, and the remaining 14% have
abandoned the idea of ​​becoming a homeowner one day. Size, costs and
especially the quiet location and close to nature are the criteria
of Swiss families in the choice of housing. Families having
abandoned the idea of ​​becoming homeowners justify their decision to 92%
by a lack of own funds and 78% by prices too high.
 
Goodbye lessor, hello freedom!

More freedom in the arrangement, no rules imposed by the lessor
and therefore greater freedom of choice: these are the main reasons
push Swiss families to become owners. 60% of acquirers
potential wish furthermore a detached house. But the aspect
financial sector plays a decisive role: for 70% of families surveyed,
it is important that the monthly fee for a comparable good is more
high rental.
 
A Swiss family saves an average of eight years before acquiring
housing

In order to access the property, Swiss parents save
average for about eight years. Nearly half (47%) are aged 30 to
35 years old at the time of acquisition. About a quarter complete the transaction
before 30 years and a quarter after 35 years. To finance the good, the great
majority of buyers (92%) combine equity and mortgage. For 71%
of these, the personal contribution amounts to 200,000 Swiss francs or less. only
7% bring more than 400,000 Swiss francs. On average, the contribution amounts to 212,000
Swiss francs, and the mortgage subscribed for 553,000 Swiss francs.
 
Financing the good of your dreams thanks to the help of loved ones

Many Swiss families benefit from the help of their relatives for
raise the necessary funds. Thus, 52% of respondents were
supported by their parents or relatives to finance their housing. At
22% of family owners were able to increase their
promotion of a hoirie or a donation. 13% benefited from an inheritance, 15%
an interest-free private loan and 6% of a private loan with interest.
 
For families, most of the equity comes from the savings account

There are regional differences in the composition of the intake
staff. In German-speaking Switzerland, most of the equity (48%
on average) comes from the savings account. 21% come from such sources
progress of inheritance, donations, inheritances and private loans with or without
interest, 13% on average of Pillar 3a holdings and 10% of
anticipated from the pension fund. In French-speaking Switzerland, the distribution is everything
other: only 33% of funds on average come from the savings account. The part
the result of progress of inheritance, donations, inheritances and loans
private sector is slightly higher than in German-speaking Switzerland, at 27%. The
pension fund assets make up 18%, those in pillar 3a, 7%
only.
 
The real estate dream calculator analyzes the feasibility of your project

The real estate dream calculator
(Https://www.swisslife.ch/fr/lp/familien/logement/calculateur-de-reve-immobilier.html)
free from Swiss Life indicates when and how to realize your real estate dream.
By providing some information about their financial situation and the property
desired, those interested immediately see how many
time they still have to save and if their project is really feasible.
 
About the study

The survey on families and housing in Switzerland was conducted in
line in May 2019 by the Value Quest survey institute
Swiss Life. In total, 875 people aged 25 to 49 living in the same
household with their partner and their children under 18 in Switzerland
German-speakers or in French-speaking Switzerland were interviewed. The results are
representative of the target group interviewed.
 


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Swiss Life

The Swiss Life Group is one of the European leaders in terms of solutions
Comprehensive Provision and Finance. In its key markets,
Switzerland, France and Germany, Swiss Life offers individuals and
companies a personalized and comprehensive advice as well as a wide choice of
products of its design and products of its partners via agents
belonging to its network or distribution partners such as
brokers and banks.
 
Swiss Life Select advisers, Tecis, Horbach, Proventus, Fincentrum and
Chase de Vere choose market products tailored to their customers
according to the "Best Select" approach. Swiss Life Asset Managers offers
investment and asset management solutions to private investors and
Institutional. Swiss Life also offers pension solutions in
favor multinational staff and provident products
structured to wealthy individuals.
 
Swiss Life Holding Ltd, domiciled in Zurich, has its origins in the Fund
Swiss Rents (Schweizerische Rentenanstalt), founded in 1857. The action of
Swiss Life Holding Ltd is listed on the SIX Swiss Exchange (SLHN).
The Swiss Life Group also owns the subsidiaries Livit, Corpus Sireo, Beos
and Mayfair Capital. It employs approximately 8600 employees and has a
advisor network of approximately 14,000 advisors.
 

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Swiss Life Corporate Film (https://www.youtube.com/watch?v=Wvh7EqU3tG8)

* Press release (PDF): http://e1.marco.ch/publish/swisslife/24_8377/20191015_Swiss_Life_Media_Release_Wohnen-Studie_e.pdf

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