by Swiss residential property may offer quality that is high, but so are the prices. Keystone / Arno Balzarini Residential property prices in Switzerland rose sharply in the final quarter of 2020, and by an average 2.5% for the year as a whole, according to the Federal Statistics Office. This is according to the Swiss Residential Property Price Index published for the second time by the FSO on Tuesday. The new index climbed by 2.3% in the fourth quarter compared to the previous quarter, representing an overall increase of 3.1% on the same quarter of the previous year, the FSO saidExternal link. Prices rose by 3.1% for owner-occupied apartments, both compared to the previous quarter and the previous year. For single-family houses they rose 1.5% in the fourth quarter
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Featured, Latest News, newsletter
This could be interesting, too:
Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression
Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism
Douglas French writes Millennials: In Costco We Trust
Vasil Georgiev writes Luftfahrtindustrie: Rückblick auf 2023 und Prognose für 2024
Swiss residential property may offer quality that is high, but so are the prices. Keystone / Arno Balzarini
Residential property prices in Switzerland rose sharply in the final quarter of 2020, and by an average 2.5% for the year as a whole, according to the Federal Statistics Office.
This is according to the Swiss Residential Property Price Index published for the second time by the FSO on Tuesday. The new index climbed by 2.3% in the fourth quarter compared to the previous quarter, representing an overall increase of 3.1% on the same quarter of the previous year, the FSO saidExternal link.
Prices rose by 3.1% for owner-occupied apartments, both compared to the previous quarter and the previous year. For single-family houses they rose 1.5% in the fourth quarter compared to the previous one. In both market segments, prices rose across all types of communities, whether urban or rural.
The FSO’s residential property index measures the development of transaction prices for single-family houses and owner-occupied flats on a quarterly basis, with the data broken down by five types of municipality. The data for the calculation comes from the 26 largest and most active mortgage institutions in Switzerland.
Concerns about property speculation and the rising cost of accommodation in Switzerland led to a popular vote in February 2020 on an initiative for “more affordable housing”. It won 42.9% of the vote nationwide, but was ultimately defeated by a majority of 57.1%.
You Might Also Like
Weekly SNB Sight Deposits and Speculative Positions: SNB selling euros and dollars
2021-02-15
Update February 15 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -0.1 bn. compared to last week, this means the SNB is selling euros and dollars.
Swiss Corporate Merger Activity Dampened by Covid
2021-01-23
The coronavirus pandemic left its mark on mergers and acquisitions (M&A) in Switzerland last year. The volume of transactions halved, and the number of deals was also down. Overall, the number of transactions with Swiss participation fell from 402 to 363. At $63.1 billion (CHF56 billion), the transaction volume was only half what it was in 2019 – mainly owing to the absence of mega-deals, consultants KPMG said on Thursday.
Nuclear plant worker’s cancer judged not to be a work-related illness
2020-11-20
The Federal Court has dismissed the appeal of a former employee of two Swiss nuclear power plants who was diagnosed with bladder and prostate cancer. The man took legal action after the national accident insurance fund refused benefits for an occupational illness.
Shareholders call for new priorities for manager salaries
2020-11-07
Shareholders in Switzerland want a rethink on how managers are paid and demand that priorities regarding corporate governance, sustainability and corporate social responsibility (CSR) be redefined, a survey has found.
Swiss return frozen CHF36 million to South American football federation
2020-10-16
Swiss authorities have returned about CHF36.6 million ($40 million) in funds frozen in Swiss bank accounts amid football corruption investigations into the South American football confederation CONMEBOL.
Zurich invention may be used in Fukushima nuclear clean-up
2020-10-01
Researchers in Zurich have developed a filter membrane made of whey proteins and activated carbon that can clean contaminated radioactive water. They hope to deploy their invention at the site of the Fukushima nuclear disaster in Japan.
Switzerland takes Belgium and Mexico off Covid-19 ‘high risk’ list
2020-09-09
People arriving in Switzerland from Belgium, Mexico and Luxembourg will no longer have to go into quarantine for ten days.
Geneva Airport expects 23 percent fewer passengers in 2021
2020-09-03
Geneva Airport officials say the shockwaves of the Covid-19 pandemic will reverberate into next year, with the number of passengers flying to and from the airport expected to be down by almost a quarter compared with pre-coronavirus levels, according to Swiss public radio, RTS.
Tags: Featured,Latest news,newsletter