The thinking was that at 25% Mortgage, you buy 1M but only with 750k. So if 0.4% wealth tax applied, it was on the 750k only but not the full million.
As always, there are good and there are bad funds. We hence just buy the Index. Where did you get the 5% from? KIIDs state a MAX amount, not the applicable one.
I really appreciate the research here. Thank you. See such discussion is my goal when creating the thread. I was also trying to read the annual report but my german isn’t good enough and understand it without substantial effort.
Now I do need to read several times your post 
Do I understand correctly: does that mean not correlated to a 33/67 portfolio?
Never happened in 7 years (that I know). CrowdHouse is managing approx 150 buildings by now, they didn’t start yesterday and they are not a bunch of clowns (at least in this regard).
Not necessarily. You have the option of extending forever, as long as the majority of the owners would want to stick around. Makes no sense to exit a RE investment. Yes there are risks, but the exit is not defined at the start.
I’m looking at Morningstar. They might indicate maximum fees for each instrument.
It’s exchange traded so you only pay regular trade from your broker.
I think it is best to avoid rental (too much hassle) and Immo funds (too expensive). If you really want RE exposure, buy a home to live in.
in which case, it might be both too much hassel and too expensive. hahah.
and afterwards, what to do if one wants more RE exposure?
true though at least it is hassle you would have had to deal with anyway!
get your head checked! 
though in reality, probably not an issue for most people. If a home in Switzerland costs 1.2m and you want to have 20% exposure, that’s already 6m net worth.
if you have more than that, by all means, waste it on some immo funds.
hah after all the title of this thread is UBS Direct Residential Fund vs buy-to-let. I would guess the majority of people who consider buy-to-let already own their place to live in. But of course my guess can be very wrong.
I don’t. We live in Zürich - nuff said. 
Where we live, there is literally zero supply (all buildings around us are owned by pension schemes) with not a lot of chance to change.
Where I would want to buy, I will never be able to afford something I will want to live in (newish building, 4.5 or more, with a garden, silver coast), without a 500-800k+ down payment.
Sucks to be poor in CH. 
And at places where I would be able to afford to buy something, I don’t really want to live (end of Nowhereikon in small villages).
I’ve shared my personal opinion before but for those new to the topic here an article highlighting the risks of collective investment schemes. Do your own research…
This article has nothing to do with the Crowdhouse model, nor I think the UBS Direct Residential Fund the OP mentioned. Unless I’m gravely mistaken somewhere?
“…pool capital from multiple investors to purchase (or provide loans for the purchase of) physical assets, often property …”
" … if there are more investors wanting to get their money back than new investors … the underlying asset (i.e. the property) would have to be sold. This forced (or ‘distressed’) sale of the assets could take months or potentially even years, and there is a possibility that you would not get your money back."
Investors provides the capital and take all the risk. Crowdhouse takes guaranteed commission.
yes, this is the CH concept to pool money into buying larger buildings among multiple (20-30) owners. The co-owners are then co-owning the mortgage as well, on the one particular building (registered to the building deed), but they are decoupled from the rest of the CH business. If CH disappears from the Earth, you still own both the assets and the liabilities. If half of CH goes bankrupt, your house might still be a good cash-cow (once you find a property manager), as every property has its own accounting, bank account, and yearly audits.
With a fund, you have no clue where the money flows. Also if the fund (or the Fund House/Issuing Bank) has issues, you might actually lose all your capital, albeit the risk is pretty low.
This is only valid for a Fund where you have a portfolio-level cash flow.
This is not relevant for CH as the single objects have financial boundaries around them and are not pooled into a “fund” that would be opaque. Hence, there is no portfolio-level cash-flow risk for the individual investor.
There is a secondary market with CH, and you can’t “force” a selling of the whole property. There’s also no connection between new investors (that are going to purchase new objects also ring-fenced) and your object which has its own cash flow.
Yes, if you purchase a lemon, you might not be able to sell your part for a while or without a larger price drop. This applies to any RE business, generally. With CH, you actually might have a higher chance that this won’t happen as they are drawing property management fees from the building and they’re in it for the long run (some skin in the game).
Not with every object. Until last year, CH has actually committed to the yield with putting their own management fees at risk. They are more and more trying to get out of this routine now.
BTW, it’s the same with the UBS fund:
With direct ownership
Is UBS Direct Residential Fund the only one of its kind? With the tax advantages and direct ownership of residential properties in Switzerland (not necessarily in German speaking area), any other fund do that? I might need to open my eyes a bit wider.
Thank you in advance for the information.
So what is it now? 
I invested in the ubs direct residential since beginning of this year.
As we rent our primary residence, i see it as a hedge against rising real estate prices and rents in the Zürich Metropolitan area.
As i understand the fund does not count towards wealth tax and the distributions are not taxable income for the shareholders, as this is already paid on fund level.
How is this reflected (technically) in the personal tax declaration?
Do i have to list it in the securities section as an asset and list the distribution? Or do you not need to mention the fund at all?
Does anyone know ?
You list it using the values from ictax or letting the website/tax software take care of it