Switzerland, one of the wealthiest countries in the world, has a relatively low homeownership rate compared to the European Union and the United States. Only about 36% of the population owns their own home, with the majority being renters. However, this statistic varies significantly across age groups. Among individuals aged 25 to 64, only slightly more than one-fifth of households own their own property. In contrast, over half of households headed by individuals over 65 years old live in their own homes.The high homeownership rate among the baby boomer generation is a result of favorable conditions during their prime years. With ample available land and a booming housing market, many of today’s retirees made what turned out to be a wise investment by purchasing property. The Real-Estate-Price Index has more than tripled since the 1980s, reflecting the rapid growth in property prices.However, the transfer of these properties to the younger generation may not happen as quickly as anticipated. It is estimated that over the next two decades, hundreds of thousands of homes owned by retirees will change hands, either due to the death or frailty of the owners. This situation has raised hopes among the younger generation, who are struggling to afford their own homes. A study by the Zurich University of Applied Sciences shows that many still view homeownership as an ideal but are concerned about the lack of supply and high prices.The exact dynamics of the transfer between generations are uncertain and depend on various factors. While the younger generation hopes for more affordable housing options, it is difficult to predict how the process will unfold. It is clear, however, that the baby boomer generation’s homes will eventually become available, providing an opportunity for younger individuals to enter the housing market.In conclusion, Switzerland’s homeownership rate is relatively low compared to other countries, but it varies significantly across age groups. The high homeownership rate among retirees is a result of favorable conditions in the past, while the younger generation faces challenges in affording their own homes. The transfer of properties from retirees to the younger generation will occur gradually over the next few decades, offering hope for those aspiring to own their own homes.

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