Published on Monday, 05 August 2013 11:52 Swiss real estate market is facing an 'overheating' The risks on the Swiss real estate market raises questions as to whether authorities have done enough to prevent an 'overheating' of the country’s property market, intensifying in the second quarter. According to a statement from UBS AG today, the UBS Swiss Real Estate Bubble Index rose to 1.20 points in the second quarter, from 1.17 points in the first. Based on Matthias Holzhey and Claudio Saputelli at UBS in Zurich, the risks have again increased, adding that the leveling off of the index’s rise meant that the probability of a speculative real estate bubble had fallen. While mortgages kept cheap by the Swiss National Bank’s loose policy, Swiss house and apartment prices have soared in recent years.
Posted on: Mon, 05 Aug 2013 08:53:23 +0000
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