switzerland property market proves resilient to downturn
News Posted On: 09 September 2009
Switzerland has been revealed as one of the most resilient property markets in the world by a new survey of international house price indices conducted by the Global Property Guide.
According to the report Switzerland property prices grew 1.56% in the year ending the second quarter of last year. Not too significant, many property markets were still growing into last year. But not many have seen property prices grow by a further 4.90% in the year ending the second quarter of this year, as Switzerland's have.
Liam Bailey, of sector specialist SEO copywriting company Write About Property attempted to explain:
"Switzerland has proven so resilient to the international property crash for two main reasons: a: because those selling property in the country have been responsible and not allowed prices to become massively inflated thus no major correction has taken place (none at all in fact).
"And b: Switzerland property has always been mainly the foray of lifestyle buyers because the price growth has never been spectacular enough for investors (see reason a), lifestyle buyers are still active and keeping price growth steady."
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