20 Minutes. Instead of housing refugees in army tents, one Swiss canton has decided to experiment with flat-pack IKEA houses. They cost around CHF 1,000 and can be put up in four hours. With a floor area of 17.5 m2, each one is designed to shelter five people. One of the biggest problems with tents […]
Bubble risk in Swiss property market stays elevated, UBS says
Brought to you by Investec Switzerland. Risks to the Swiss real estate market remained “practically unchanged” at a risky level in the third quarter, kept in check by stagnant nominal owner-occupied home prices and declining investment demand for condominiums. The UBS Swiss Real Estate Bubble Index rose to 1.38 points in the three months through […]
Housing vacancy rates jump in some regions of Switzerland
Recent statistics from the Federal Office of Statistics (OFS) show a marked rise in housing vacancies. From 2010 until 2014, vacancy rates across Switzerland were below 1%. By 1 June 2014 the rate had crept up to 1.08 and by 1 June 2015 it was 1.19%, with 15 cantons registering rates over 1%. On 1 […]
Earthquakes a serious hazard for parts of Switzerland
The Swiss Seismological Service (SED) at ETH Zurich recently completed ten years of earthquake research. Their new model shows that earthquakes are a serious hazard for Switzerland and the natural hazard with the greatest potential for causing damage. The SED published a model showing possible future earthquakes and the associated ground movements, which vary by […]
Swiss urban pressure and Paris law destroying French villages
Swiss reluctance to ruin its own idyllic countryside in the Lake Geneva region combined with French laws enabling unfettered urban development is leading to the rapid destruction of the historic centres of numerous villages in neighbouring France. Edward Girardet and Christopher Woodburn explore why Paris no longer seems interested in ‘Patrimoine’, once one of the […]
Swiss real estate bubble index rises significantly
The UBS Swiss Real Estate Bubble Index rose significantly in the second quarter of 2015 and now stands at 1.37 index points. The report says that the housing market is still caught up in an investment property boom. House prices and private household mortgages went up disproportionately relative to Switzerland’s weak economy. The Index rose […]
Swiss rents set to drop
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. On 1 June 2015 it was reduced from 2.00% to 1.75% so many currently have a chance to reduce their rent. The interest rate used to […]
“Cheaper to rent in Geneva than own in France”
A family from Geneva, who moved to France only to return to Geneva five years later, was interviewed by the Geneva newspaper GHI about their hellish experience. Unable to buy in Geneva and attracted by cheaper property in France they moved to Annecy in 2010. Shortly after their dream started to turn into a nightmare. […]
Could driverless cars hit your house price?
New technology often creates financial winners and losers. Typically, the more disruptive the technology, the bigger the monetary hit. Which is why Credit Suisse has reflected on the impact that driverless cars might have on the value of our homes1. In the past, robots have assembled passenger cars, yet someday soon they could actually be […]
Swiss property prices on the way down
Credit Suisse’s recent annual property report describes the downward forces on Swiss property prices and explains why a soft landing is not guaranteed. The report also looks at the cities and regions most at risk. Swiss franc shock Swiss real estate was already poised to head into the downward part of the property cycle before […]
