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The city where many rent as homes are too costly to buy
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On a square-foot basis, Zurich is about 80 per cent more expensive than Paris.
PHOTO: NYTIMES
ZURICH – In any other country, Mr Philip Skiba, a well-paid analyst working in the finance industry, might not hesitate to buy a home. But in the town where he lives, on the outskirts of Zurich, Switzerland, even the ugly houses, as he describes them, go for millions.
In 2022, a simple, beige stucco home in his neighbourhood went up for sale. The price: 7.5 million Swiss francs (about S$11.4 million).
