immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Comparis

  • Rental deposit insurance is expensive

    Rental deposit insurance is expensive

    Rent deposit insurance is only advisable in the event of short-term financial bottlenecks. The online comparison service Comparis points this out. In contrast to a rent deposit payment, the premium payments are lost in any case. With a ten-year contract, they can amount to more than half of the deposit amount. In a press release , Comparis calculates this on the basis of a ten-year contract and a deposit of 6,000 francs.

    A good 20 percent of the Swiss population will have to make the right decision in the next twelve months. This is shown by a representative survey by Comparis on moving behavior in Switzerland .

    Rent deposit insurances give new residents the required amount of mostly three months' rent. In return, they ask for an annual premium. The cheapest and the most expensive would be 40 percent apart. "Rent deposit insurance should only be considered to bridge short-term financial bottlenecks," is the recommendation of Comparis expert Frédéric Papp.

    The definitely cheaper solution is to transfer the entire rental deposit to a rental deposit account. “You should pay attention to the choice of bank.” There are still banks that pay interest on deposits and others that charge opening fees of up to 150 francs or netting fees of up to 100 francs. Basically, the banking relationship can be negotiated.

  • Hypomarket ignores pandemic

    Hypomarket ignores pandemic

    During the first wave of the pandemic, the mortgage market reacted very nervously, writes Comparis in a statement on the current mortgage barometer of the online comparison service. The interest rates for ten-year fixed-rate mortgages rose from 0.98 to just under 1.20 percent towards the end of the first quarter of 2020, it said. The second wave of the pandemic, on the other hand, “has left the mortgage market cold so far,” says Comparis financial expert Frédéric Papp as quoted in the press release.

    According to the Comparis surveys, interest rates for fixed-rate mortgages with a ten-year term were between 1.04 and 1.07 percent in the last quarter of 2020. The interest rates for fixed-rate mortgages with a five- and two-year term remained constant over the quarter under review at 0.90 and 0.86 percent, respectively.

    Specifically negotiated mortgages usually had significantly lower interest rates than these target rates, explains Comparis in the press release. The company HypoPlus, which belongs to the Comparis Group, offers ten-year fixed-rate mortgages from an interest rate of 0.61 percent. In the coming months, "more dynamism can be expected in the mortgage market," predicts Papp. He assumes that competition among providers will intensify in favor of mortgage borrowers.