le News

Yesterday, the Swiss government released health insurance premiums for 2018. There are price hikes across the board, particularly in French-speaking Switzerland. © Ognjen Stevanovic | Dreamstime Next year, the price of standard compulsory insurance for an adult with a CHF 300 deductible will rise 4% on average. The cost varies by canton. Prices rises range from 1.6% to 6.4%. Health premiums for children will rise by an average of 5%, more than those for adults. This is driven by a shortfall...

20 Minutes. After noticing a roadside police check, a resident of the canton of St Gallen sent a message to a WhatsApp group warning of the check. Not long after he received a nasty surprise. © Marcelmooij | Dreamstime Speaking to the newspaper 20 Minuten, the man said: “Me and several others received a penalty notice this week. I received a fine of 850 francs because I warned of a police check via WhatsApp. What I wrote in the group is private and has nothing to do with anyone else. Why are...

In ancient times, like as far back as the 1990s, housing prices grew roughly inline with inflation rates because they were generally set by supply and demand forces determined by a market where buyers mostly just bought houses so they could live in them. Back in those ancient days, a more practical group of world citizens saw their homes as a place to raise a family rather that just another asset class that should be day traded to satisfy their gambling habits.  But, thanks to the...

Two years ago, when UBS looked at the world's most expensive housing markets, it found that London and Hong Kong were the only two areas exposed to bubble risk. What a difference just a couple of years makes, because in the latest report by UBS wealth Management, which compiles the bank's Global Real Estate Bubble Index, it found that eight of the world's largest cities are now subject to a massive speculative housing bubble.  And while perpetually low mortgage rates are clearly to...

A survey by Tamedia offers clues to why 52.7% of Swiss voters rejected the pension reform plan that was put to a vote last Sunday. © Michelle Meiklejohn – Dreamstime 20% of those voting “no” thought it was a pseudo reform that didn’t go far enough, while 26% felt it left too much of a burden on younger taxpayers. In 1981, when the life expectancy of an average Swiss woman was 79.2 years, the average time spent collecting the state pension was 15.2 years. Now an average Swiss woman can expect...

The UBS Global Real Estate Bubble Index 2017 describes housing in Zurich and Geneva as only moderately overvalued. The two Swiss cities rank 6th (Geneva) and 9th (Zurich) in a list of 20 selected global cities. © Nik Frey | Dreamstime The top eight: Toronto, Stockholm, Munich, Vancouver, Sydney, London, Hong Kong and Amsterdam are all classified as bubble risk. Only Chicago is undervalued. Since 2012 apartment price are down 10% in Geneva, but up 10% in Zurich. Matthias Holzhey, a Swiss real...

The UBS Global Real Estate Bubble Index 2017 describes housing in Zurich and Geneva as only moderately overvalued. The two Swiss cities rank 6th (Geneva) and 9th (Zurich) in a list of 20 selected global cities. © Nik Frey | Dreamstime The top eight: Toronto, Stockholm, Munich, Vancouver, Sydney, London, Hong Kong and Amsterdam are all classified as bubble risk. Only Chicago is undervalued. Since 2012 apartment price are down 10% in Geneva, but up 10% in Zurich. Matthias Holzhey, a Swiss real...

Some who move to Switzerland might not be aware that they are almost certainly required to pay one of the world’s highest broadcasting fees. An annual Swiss licence costs CHF 451.10 per household. © Jacek Chabraszewski | Dreamstime A successful vote in 2015 changed the rules on who must pay the fee. From 2019, it will be compulsory for anyone with a primary or secondary residence in Switzerland to pay it, effectively making it a tax on all households. At a new lower price of CHF 400 It will...

New Yorkers who wince every time they slip a $1,500 rent check under their super’s door should consider moving to Shanghai, or maybe Berlin. According to a new study published on RentCafe, $1,500 will buy you three times more space in Shanghai than in Los Angeles and twice as much in Frankfurt. Meanwhile, rents per square foot are five times higher in San Francisco than they are in Berlin. Rentcafe used data from the Global Power Index and data on price-to-square footage ratios that it...

Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder - 'Commodities King' Gartman sees $1,400 gold surge in months- "Gold is the one currency that will do the best of all..."- Pullback below $1300 "is relatively inconsequential"- Use gold price weakness to be a buyer "no question"- Bullish on gold due to central banks and easy monetary policy and gold will be even higher in euro terms- Gold will be the best of all, as a result of QE and expansionary policies-...