Buy to Let situation is sad

[NotAllThere]

Switzerland, like Japan, does not have a huge immigrant influx.

In particular, it does not have influx of immigrants who are crims.

Switzerland has a population made up 25% of immigrants. UK is what, 12%?
Switzerland has accepted a higher number of refugees as a proportion of the total population than the average across Europe. The UK has accepted considerably fewer.
Switzerland has low crime overall, but a disproportionate number of convictions are of immigrants.

The main reason in the house price difference as quoted in the two currencies is the exchange rate.

The Swiss franc strengthened greatly during the banking crisis as it was seen as a safe haven for investors. Switzerland was not so badly affected by the banking crisis, because, by and large, it does not have a credit economy. E.g. getting a mortgage isn't easy (you need 20% deposit, and interest payments must be less than 1/3 of your income at a notional interest rate of 5%). For BTL, you need 50% deposit.

Nothing to do with immigrants, criminal or otherwise. The UK is in a mess because of the banks.

[garnet]

May be not so sad situation. Look into liferent (Scotland only?).

[BrilloPad]

The UK is in a mess because of the banks.

Nothing to do with the morons who run the country then.....

[Einstein Jnr]

Switzerland has a population made up 25% of immigrants. UK is what, 12%?


Correlation between number of immigrants and house prices? Number of immigrants in London is heading to 50% as average house prices have rocketed to over 520K. Compared with the rest of the country which has a much lower immigration density and much lower house prices.

[Fred Bloggs]

Switzerland is (rightly) picky who it lets in. Nobody goes their and gets free housing, dental, medical, education and income given out free of charge. Why do you think all those immigrants gather at Calais and not the Swiss border?

[SueEllen]

Switzerland is (rightly) picky who it lets in. Nobody goes their and gets free housing, dental, medical, education and income given out free of charge. Why do you think all those immigrants gather at Calais and not the Swiss border?

If you watched any of the recent refugee programs the only ones who want to come here are the thicker ones.

The ones with fluent English, degrees and skills in something useful want to go to another European country.

So I suspect it's not the free housing, healthcare etc that is drawing them but the fact they are told you can get a job in the UK with few skills and the police will not hassle you all the time.