Tag Archive for: lujo

luxuryestate
,

Luxuryestate Zurich: Residential real estate market – Prices flatline on a high after period of growth

Luxury real estate Zurich: Residential real estate market – Prices flatline on a high after period of growth

  • Price highs of 35,000 Swiss francs (approx. 35,000 euros) per square metre
  • Sustained upward trend for modern urban apartments and historic mansions

Hamburg / Zurich, 18 January 2022. Zurich is among the cities in the world offering the highest quality of life. As one of the leading financial and economic centres in Europe, the city attracts many private buyers and institutional investors. With its population now having reached 440,000, more people are currently live in Zurich than ever before. “In Q3 2022, residential property prices in Zurich only rose slightly (+0.6%) over the same quarter last year. In view of the continuing demand from national and international buyers, along with the extremely limited supply of properties in prime locations, we expect prices to flatline on a high in 2023,” says Axel Kühn, Licence Partner at Engel & Völkers Zurich Paradeplatz & Oerlikon. The average price per square metre for apartments in the luxury segment is currently between 22,000 and 35,000 Swiss francs (approx. 22,000 to 35,000 euros). The average sales price for mansions and detached properties with living interiors of some 300 square metres is 9 million Swiss francs (approx. 9 million euros). The steady growth in the population will continue to drive this excess demand – meaning that, despite the current economic outlook and rising interest rates, prices can be expected to remain stable in the city centre, in prime locations, and the surrounding regions. The high quality of life, the diverse array of cultural offerings and educational institutions, and the proximity to the mountains make Zurich an attractive primary residence. Alongside traditional banks and insurance firms, many tech companies and start-ups have recently relocated their headquarters to Zurich. This trend alone will mean that the appeal of the city as a place to live and work will continue to increase.

luxuryestate

luxuryestate

Appealing location factors and a high standard of living attract international buyers

Around 120,000 companies are based in Zurich, forming a dynamic network of major international corporations, innovative medium-sized companies and highly specialised small businesses. “The burgeoning start-up scene gives a further boost to its status as a business hub, which in turn is prompting lots of young talent and a highly qualified workforce from all over the world to settle here and, after initial rental experiences, act on their long-term purchase plans,” says Lars Keller, Licence Partner of Engel & Völkers Zurich & Zurichberg. While domestic clients account for around 75 percent of the real estate market, 25 percent of all property transactions in Zurich can now be attributed to foreign buyers living in Switzerland – and this figure is on the rise. The majority of prospective buyers come from Germany, the Benelux Union, the UK, France, Italy, Eastern Europe and Scandinavia.

Top prices for residential property in hillside locations on Lake Zurich

Among the most exclusive locations are Fluntern and Hottingen at the foot of the Zurichberg. These two residential neighbourhoods are east of the historic city centre and combine the benefits of suburban living with the luxury of expansive natural surroundings. The many opportunities for jogging and mountain biking make this location particularly popular with clients who enjoy a sporty, active lifestyle. Historic estates on large plots with magnificent gardens and unobstructed views of Lake Zurich and the Alps are in high demand here. In 2022, just a small number of properties of this calibre changed hands for tens of millions. Top prices per square metre in excess of 33,000 Swiss francs (approx. 33,000 euros) were fetched for high-end apartments.

The Enge neighbourhood is situated southwest of the city centre. Residential properties here are set over a hillside dotted with large parks filled with mature trees. This area is especially popular with young families due to it being within walking distance to Zurich’s business centre and lakeside bathing spots. In 2022, townhouses sold here for up to 10 million Swiss francs (approx. 10.1 million euros). The top price per square metre for loft apartments was as much as 24,500 Swiss francs (approx. 24,500 euros).

Höngg is located above the Limmat River on the slopes of the “Käferberg”. Thanks to its south-facing location overlooking the city centre, Lake Zurich and the Limmat Valley, this neighbourhood is highly sought-after by families and commuters. Residents here also value the proximity to the local recreation areas of Waidberg / Käferberg, as well as the convenient transport links to the city centre and Zurich Airport, which can be reached in just 15 minutes by car. In 2022, mansions in Höngg sold for an average of 4 to 5 million Swiss francs (approx. 4 to 5 million euros).

Zurich West is the former industrial quarter and one of the city’s up-and-coming districts. This trendy district has a captivating alternative flair and makes for an architectural contrast to the picturesque Old Town. A host of different cafés, vibrant craft shops and second-hand boutiques add to the charm of Zurich West. This area of the city is particularly popular with students and young entrepreneurs. Top prices per square metre for freehold apartments here in 2022 reached 23,500 Swiss francs (approx. 23,500 euros).

luxury real estate Outlook: Thriving economic area to safeguard high prices

New construction projects such as “Europaallee” directly next-door to Zurich’s main railway station, the “Käferholz” residential complex with over 200 premium freehold apartments and “Hamberger Park” with luxury apartments are all playing their part in the ongoing structural evolution of the city, and  attracting renowned corporations such as Google. Zurich is becoming increasingly cosmopolitan with the accompanying influx of expats, without losing any of its historical heritage as a centre of culture. The sustained price rises in recent years prove that Switzerland’s regional real estate market is witnessing stable growth. For 2023, prices are expected to level out on a high. “Thanks to their stable value, residential properties in and around Zurich are a sound and future-proof investment,” says Kerstin Kühn, Licence Partner of Engel & Völkers Zurich Paradeplatz & Oerlikon, who goes on to make a recommendation: “Focus on properties in well-developed communities in suburban or rural areas that offer space to set up a home office, or, alternatively, focus on micro-apartments in the city centre.”

Captions:

Classic mansion in Wollishofen

Image Image Image
Located in the heart of Zurich’s Wollishofen neighbourhood, Engel & Völkers currently has this historic mansion dating from 1895 listed for sale (price on request). The property is set on a plot spanning some 2,000 square metres, with a total of 15 rooms spread over three floors. The mansion is impressive for its refined details that include original parquet flooring, restored stucco ceilings and specially made silk wallpaper. (Image source: Engel & Völkers Zurich Paradeplatz)

Exclusive freehold apartment on the Sonnenberg

Image Image Image
Situated on the “Sonnenberg”, this exclusive apartment is on sale for 4.3 million Swiss francs (approx. 4.4 million euros). The 2.5-room apartment is located in a building with five residential units in total. It affords state-of-the-art comforts throughout its interiors, which span 113 square metres. The property also boasts a large covered terrace and, thanks to its southwest orientation, it is ideal for owners looking to enjoy a panoramic view over the city and the surrounding vineyards. (Image source: Engel & Völkers Zurich Zurichberg)

/by
, , ,

The #FR2NCK MULLER Vanguard bridges Swiss luxury watchmaking and Japanese street fashion

Just in time to herald the impending Year of the Rabbit, Franck Muller and Tokyo-based streetwear label #FR2 have jointly unveiled the #FR2NCK MULLER Vanguard. This marks the first collaboration between the two brands, and sees Franck Muller adopting the distinctive design language of #FR2 on its trademark Vanguard watch. The result is an edgy, fashion-forward timepiece with a dial anchored by #FR2’s iconoclastic rabbit motif, sitting a mid the signature numerals and tonneau case of Franck Muller.

The #FR2NCK MULLER Vanguard bridges Swiss luxury watchmaking and Japanese street fashion by melding the elements from each universe, complete with its creators’ signature touches. This is immediately apparent on the dial, where Franck Muller’s timeless yet avant-garde aesthetic has taken on street style sensibilities. A matte white dial base starts things off by establishing a high key aesthetic, upon which black hands, markings, and appliqué indices lie.

The high contrast, monochromatic look comes complete with a delightful quirk at seven o’clock. Here, Franck Muller has situated #FR2’s provocative Fxxking Rabbits motif in lieu of hour markers, with one rabbit’s red eye providing the sole spot of colour on the dial. In the dark, the #FR2NCKMULLER Vanguard also offers an idiosyncratic twist. Super-Luminova has been selectively applied such that the skeletonised obelisk hands, indices and graphical motif leap out from the dial in the absence of light.

The stark, bold design extends to the rest of the watch. This includes Franck Muller’s tonneau-shaped Vanguard case, which has been rendered in a new carbon and glass fibre composite – a first for the brand, and one that will be reserved for Southeast Asia – exclusive models only. To create the light yet strong material, carbon powder and glass fibres are combined, before the resulting mass is impregnated with a bonding resin. The mixture is then baked at 150 degrees Celsius for three hours under 200 tons of pressure, to finally yield a composite that can then be machined into the necessary components. Due to random variations in how the mix are compressed, every watch case will offer a unique pattern of striations. The final touch here is the white nylon strap, which has been emblazoned with black text in a typographic style that will be familiar to street fashion aficionados.

Franck Muller’s work with #FR2 is a rare example of the Swiss watchmaker’s collaboration with external brands, which has been limited to a small, select group of partners. “#FR2’s founder Ryo Ishikawa isn’t just an iconic figure in Tokyo’s streetwear scene,” shares Sharon Lim, CEO of Franck Muller SEA. “As the creative force behind Fxxking Rabbits, he has adopted a muti-disciplinary approach to his label’s creations while maintaining a fiercely independent spirit. These are values that we believe in and identify with at Franck Muller, which makes this Southeast Asia Exclusive a natural collaboration. Of course, the product that we have come up with speaks to that.”

The #FR2NCK MULLER Vanguard is a limited edition of 800 pieces, and is available across Southeast Asia and Australia since 6 January 2023.

About #FR2

#FR2, also known as Fxxking Rabbits, is the brain child of Ryo Ishikawa, an elder statesman in the world of Japanese street fashion who’s perhaps best known for founding fashion imprint Vanquish. Following its establishment in 2014, #FR2 quickly attracted a following with its signature rabbit and “Smoking Kills” motifs, as well as its products’ bold photographic prints. Along the way, Ishikawahas also set the brand apart with provocative campaign images – which he personally lensed – and tongue-in-cheek approach to fashion. From hoodies and candy-dispensing disposable cameras, the brand offers an eclectic range of apparel and objet d’art that’s arguably the most intimately Ishikawa’s yet.

/by