A real estate report by the bank UBS, which looks at 25 top resorts in Switzerland, Austria, France and Italy, shows vacation home price drops across Switzerland. These price falls contrast with price rises in resorts in Austria, France and Italy. With more than 10,000 second homes, Crans-Montana is Switzerland’s biggest market in the Alpine region. Next is Davos/Klosters with just under 10,000 apartments. Third is...
Read More »Property prices fall in Swiss resorts but climb elsewhere, says UBS report
A real estate report by the bank UBS, which looks at 25 top resorts in Switzerland, Austria, France and Italy, shows vacation home price drops across Switzerland. These price falls contrast with price rises in resorts in Austria, France and Italy. Still the most expensive – St. Moritz – © Danilo Mongiello | Dreamstime.com With more than 10,000 second homes, Crans-Montana is Switzerland’s biggest market in the Alpine region. Next is Davos/Klosters with just under 10,000 apartments. Third is...
Read More »Mortgage reference rate falls opening way for Swiss rent cuts
Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it dropped 0.25% to 1.50%. - Click to enlarge The interest rate used to set the reference rate was the average rate on Swiss mortgages at 31 March 2017 of 1.61% which rounds to 1.50% under the rounding rules, which round to the nearest quarter of a...
Read More »Mortgage reference rate falls opening way for Swiss rent cuts
Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it dropped 0.25% to 1.50%. © Newstock | Dreamstime.com The interest rate used to set the reference rate was the average rate on Swiss mortgages at 31 March 2017 of 1.61% which rounds to 1.50% under the rounding rules, which round to the nearest quarter of a percent. The new rate will come into effect on 2 June 2017 and stay at this...
Read More »Poor not being pushed out of Swiss cities
Central Zurich – © Andreas Zerndl | Dreamstime.com It is widely believed that as the price of real estate climbs those on low incomes are forced out of city centres. A study by the University of Geneva, commissioned by the Swiss Federal Statistical Office focused on the period between 2010 and 2014, shows this is not true in Switzerland. Rich leaving the centres Those earning the most were the most likely to move and...
Read More »Poor not being pushed out of Swiss cities
It is widely believed that as the price of real estate climbs those on low incomes are forced out of city centres. A study by the University of Geneva, commissioned by the Swiss Federal Statistical Office focused on the period between 2010 and 2014, shows this is not true in Switzerland. Central Zurich – © Andreas Zerndl | Dreamstime.com Rich leaving the centres Those earning the most were the most likely to move and tended to move out of city centres. Among wealthy residents the net flow was...
Read More »Swiss have never moved as much as they did in 2015
© Totalpics | Dreamstime.com 20 Minutes. In Switzerland, more than a million people moved house in 2015, 12.1% of the population. The figure has never be higher, according to a report called Immo-Monitoring published by Wüest Partner. The home moving covered around 490,000 dwellings. Of those who moved, 344,000 stayed in the same commune (Gemeinde) while the other 659,000 changed municipality. One quarter of the total...
Read More »Swiss have never moved as much as they did in 2015
20 Minutes. In Switzerland, more than a million people moved house in 2015, 12.1% of the population. The figure has never be higher, according to a report called Immo-Monitoring published by Wüest Partner. © Totalpics | Dreamstime.com The home moving covered around 490,000 dwellings. Of those who moved, 344,000 stayed in the same commune (Gemeinde) while the other 659,000 changed municipality. One quarter of the total related to people moving to Switzerland from abroad. Four factors,...
Read More »Fall in Swiss property prices accelerates
Over the year ending 31 March 2017, apartment prices across Switzerland dropped by 6.8%, according to a property price report published by the Zurich-based research and consulting firm Fahrländer Partner FPRE. Close to half of the decline (-3.2%) occurred in the first quarter of 2017.Across the year, the price of mid-range apartments fell most (-9.4%), followed by high-end ones (-6.3%) and smaller lower cost...
Read More »Fall in Swiss property prices accelerates
Over the year ending 31 March 2017, apartment prices across Switzerland dropped by 6.8%, according to a property price report published by the Zurich-based research and consulting firm Fahrländer Partner FPRE. Close to half of the decline (-3.2%) occurred in the first quarter of 2017. © Sylgal | Dreamstime.com Mid-range apartments hardest hit Across the year, the price of mid-range apartments fell most (-9.4%), followed by high-end ones (-6.3%) and smaller lower cost ones (-0.9%). The largest...
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