swiss property market looking stronger
News Posted On: 01 September 2011
The Swiss property market is going from strength to strength, with growth being reported in sales, rental values and construction starts. Many economists put the growth down to economic expansion, increased demand for housing and low interest rates.
However there are worries that the strength of the Swiss franc could stifle growth as costs increase and inflation rises. The Swiss government has recognised the risk and taken measures to address it, including steps to make the market more open to foreign buyers.
The prices of owner occupied apartments increased by 5.08% year-on-year to the first quarter of 2011, while the price of a single family homes increased by 4.37%, and apartment rents increased by 1.44%.
Between the years of 2000 and 2010, the prices of single family homes in Switzerland increased by 35.9%, and apartment rents increased by 35.8%.
Construction has also been strong, with over 40,000 new apartments completed last year, a 3.9% increase on the previous year -- though still lower than the running average of 42,000 between 2006 and 2008.
The Swiss market is doing well, and experts put this down to several factors. The main reason according to experts is increased immigrants in the last few year increasing demand for housing. However, they also put it down to the fact that Switzerland is viewed as a safe-haven, and investment in the country has increased because of this. On top of that Interest rates here are still low, and the economy officially emerged from recession in mid-2009, and expanded by 2.55% last year, although growth is predicted to be about 2% this year.
View property for sale in Switzerland
Written by Les Calvert
Back to news articles for this country
Latest Related News Articles in Switzerland
Switzerland Property More than Just a Financial Security Blanket
2011-11-21
According to new research Switzerland has become one of the world's top choices for global millionai.....
Swiss Property Market Looking Stronger
2011-09-01
The Swiss property market is going from strength to strength, with growth being reported in sales, r.....
Egyptian Billionaire Buys Swiss Ex Army Compound
2011-07-22
An Egyptian billionaire, Samih Sawiris has purchased an ex-army compound in Andermatt, Switzerland a.....
Switzerland Property Market in a Boom Not a Bubble
2011-05-31
According to the UBS Swiss Real Estate Bubble Index, while the Switzerland property market is clearl.....
Switzerland offers a safe haven for property investors
2011-02-16
The Switzerland property market is attracting more attention from investors as it is proven to be am.....
Switzerland Property Market Stable and Growing says IPD
2010-04-15
The IPD report into property markets has found a 70 basis points growth in the Swiss property market.....
Switzerland Property Market Showing Stable Growth of Sustainable Recovery
2009-12-10
The Swiss property market has grown at a steady 2% per quarter since the start of the year according.....
Switzerland Economy to Grow Marginally in 2010 as Recession Eases
2009-09-28
An independent report commissioned by the Swiss government has led them to revise their forecast for.....
Switzerland Property Market Proves Resilient to Downturn
2009-09-09
Switzerland property prices grew 4.90% in the year ending Q2 2009, proving Switzerland's resilience .....
Swiss Holiday Property to Benefit from Crunch
2009-05-29
The collapse of the Swiss economy could lead to increased occupancy of Swiss holiday properties, as .....