Basel is the third largest city in Switzerland, located on the banks of the Rhine River in the northwest of the country. It is the capital of the half-canton of Basel-Stadt. The city has a permanent population of approximately 170,000, and the urban agglomeration has a population of about 830,000. The city is famous for its developed chemical and pharmaceutical industries, in particular, the headquarters of Novartis and Hoffman-La Roche are located in Basel. The city is also home to the main offices of major international banking organizations, including the headquarters of UBS. Basel is known throughout the world for its high-quality education, and is home to one of the most prestigious and oldest universities in Europe, the University of Basel, founded in the 15th century and ranked among the top 100 universities in the world. Basel is known as the cultural capital of Switzerland, as the city has more than 40 museums (Museum of Fine Arts, Museum Tingueli, Art Basel, Naturhistorisches Museum Basel and others), while the Art Museum is considered the oldest public art museum in the world. The city has preserved many ancient buildings and structures.
Real estate in Basel is represented mainly by apartments in new and secondary residential complexes, as well as individual housing: houses, mansions and villas. The city has commercial real estate. Basel developers are several dozen Swiss construction companies that not only build new, modern, high-quality buildings, but also the necessary urban infrastructure. The construction and real estate market is served by several hundred Basel real estate agencies and individual real estate agents specializing in this city. Good real estate agents not only help clients buy, sell and rent real estate, but also make the real estate market a more civilized and safe place that attracts large real estate investors and serious capital.
The first reliable mentions of Basel date back to the 3rd century AD. The city joined the Swiss Confederation in 1501, but had close cooperation with it from the very foundation of this state entity. In addition to its cultural and financial significance, Basel is of vital transport and trade importance for Switzerland and the whole of Europe. The city is home to the country's main port handling center and the only Swiss port through which the country is connected to the seaport of Rotterdam. Every year, hundreds of thousands of business people, students of higher and secondary educational institutions, employees of local enterprises and companies come to the city. There is also local migration to Basel from small Swiss towns. The increase in the solvent population pushes the cost of buying and renting real estate up, and also makes the short-term and long-term rental business extremely profitable. Rental income in Basel can bring up to 5% per annum. Resale of real estate after several years of ownership, especially purchased at the early stages of construction, brings 6-7% per annum. Investors who plan to buy real estate in Switzerland, in many cases, opt for Basel real estate as one of the most investment-attractive locations in the country. Experienced investors often seek professional advice when selecting real estate from Basel real estate agencies with a proven reputation. An experienced, qualified real estate agent will help you avoid mistakes when selecting real estate that lead to a loss of money and time.
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