Real Estate in Olten, Switzerland
Last updated on Apr 05, 2023
Summary: The average cost of a nice 2 bedroom home in Olten, Switzerland is around $400,000 USD. A nice 3 bedroom home in Olten is around $500,000 USD. These properties typically include modern amenities such as updated kitchens, bathrooms, and living spaces. They may also include balconies, terraces, and/or gardens. Foreigners are allowed to purchase property in Olten, however, they must obtain a permit from the local canton. An expat looking to buy a home in Olten should begin by researching the local real estate market and familiarizing themselves with the local laws and regulations. They should also consider their budget and desired amenities when searching for a home. The most desirable neighborhoods in Olten include the city center, the old town, and the surrounding countryside. These areas offer a variety of amenities, including parks, restaurants, and shopping.
How do I find a place to live in Olten?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Olten can be done in a few different ways. Craigslist or other rental websites offer rental listings from landlords, private renters, or property owners. You can also visit the City of Olten's website for information about renting or other housing options. Additionally, local newspapers often carry real estate ads that list available apartments and houses for rent. Networking with local contacts is also a great way to find out about vacancies and other opportunities for housing. Finally, housing agencies and brokers can help to connect you with an appropriate rental property," explained one expat living in Olten, Switzerland.
"www.immoscout.ch is a good website to find houses/apartments, both for sale and for rent. When you consider to buy a house: - may be a good idea as mortgage interest rates are low - keep in mind that a bank will not give mortgages for more than 80% of the value of the house. You need to finance the rest of the house yourself - check which legal conditions you must oblige when buying property. In particular, try to organise your work/stay permit before you buy, as this will make buying conditions easier and cheaper," said one person in Olten.
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What is a typical expat home or apartment like in Olten?
"Expat homes and apartments in Olten tend to be located within walking distance of the city centre and public transport. The apartments are typically modern, with modern amenities and appliances. Some expat homes also feature private gardens and common areas as well. The area around Olten is known for its beautiful scenery, so many expat homes and apartments have views of the surrounding countryside. Safety and security are highly important, with many of the buildings featuring secure access and alarm systems," said one expat who made the move to Olten.
What is the average cost of housing in Olten?
If you are thinking about moving to Olten, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Olten is relatively moderate compared to other cities in Switzerland," remarked one foreigner who made the move to Olten.
"Property is expensive, whether you buy or rent. In the cities of Zurich, Geneva, Basel and Bern, prices can be astronomic," explained one person living in Olten, Switzerland.
Should I buy or rent a home in Olten?
If you have not spent a lot of time in Olten, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying or renting a home in Olten depends on your individual financial and lifestyle needs. Buying a home is a great long-term investment, but can be a much heavier financial burden, as you'll need to account for closing costs, monthly payments, and other associated costs. Renting, however, can be much more affordable. You'll need to account for any upfront costs such as a security deposit, and monthly rent payments, but you'll be able to enjoy more flexibility and financial freedom. Ultimately, you'll need to evaluate your personal finances and goals in order to decide if buying or renting is the better option for you," said one person in Olten.
What do I need to know when buying property in Olten?
When we asked expats what advice they would give a foreigner before buying a property in Olten, they said:
"When buying property in Olten, it is important to be aware of the local laws and regulations. It is also important to research the local market and understand the current trends in the area. Additionally, it is important to be aware of the taxes and fees associated with purchasing property in Olten, as well as any restrictions or limitations that may be in place. It is also important to be aware of the local infrastructure and amenities, such as public transportation, schools, and hospitals. Finally, it is important to be aware of the local culture and customs, as well as any potential risks associated with buying property in Olten," wrote one expat who made the move to Olten.
Are foreigners allowed to own property in Olten?
When we asked expats what advice they would give a foreigner before buying a property in Olten, they said...
"Yes, foreigners are allowed to own property in Olten. Non-Swiss citizens are able to purchase real estate in Switzerland, provided they have a valid residence permit. The residence permit must be obtained from the local cantonal authorities, and the permit must be valid for at least one year. In addition, the buyer must have a valid Swiss bank account and must be able to demonstrate that they have sufficient financial resources to purchase the property," wrote one expat who made the move to Olten.
What appliances are typically included in a rental?
We asked foreigners in Olten what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Olten typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include a microwave, toaster, and other small kitchen appliances," said one person in Olten.
Additional Information about Searching for a Home in Olten:
We asked foreigners in Olten what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Olten by looking online for real estate listings, contacting local real estate agents, and asking for recommendations from other expats who have already moved to the area. Additionally, expats can attend local open houses and viewings to get a better sense of the housing market in Olten," wrote one expat who made the move to Olten.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
Other Questions:
- What do I need to know before moving to Olten?
- What is a typical expat home or apartment like in Olten?
- What is the average cost of housing in Olten?
- How do I meet people in Olten?
- What do I need to know before retiring in Olten?
- What should I pack when moving to Olten?
- Where should I setup a bank account in Olten?
- Will I be able to find a job in Olten?
- What is life like as an expat in your area?
- What do people like (and dislike) about Olten?
- What type of social life can someone expect in Olten?
- What is the social scene like in Olten?
- What advice to expats in Olten have about housing?
- What are medical services in Olten like?
- Are healthcare and health insurance expensive in Olten?
- Is the cost of living in Olten high?
- What are the visa & residency requirements in Olten?
- Why do people move to Olten?