Buying Property in Geneva9 Replies
Anyone buying property might be interested to know that most property in Geneva is put on the market for an asking price of 25% more than the property's market value. This is a practice adopted by real estate agents to drive prices up. I wondered about this and than did research on 12 properties (all over 1 million CHF) comparing their asking prices and what they eventually sold for. The results of sales were between 17 and 30 % below asking prices. Hope this interestng informaton helps some house/apartment buyers out there.