More than 75,000 empty apartments in Switzerland
29.10.2019
According to a recent Credit Suisse study, many homes in Switzerland are empty. With interest rates at zero or negative, investing in real estate remains very attractive, which results in higher prices but also in overproduction of housing.
Indeed, Credit Suisse warns in its study that the very advantageous monetary policies adopted by Switzerland's main banks are thus prolonging the super-cycle in which the real estate market finds itself.
Although the growth has slowed the pace, the number of empty dwellings continues to increase by between 5,000 and 8,000 more each year. On the other hand, for the first time since 2011, the rate of vacant residential property to be purchased is falling. Historically low mortgage rates and a good economic situation are the cause!
The lowest holiday rates are found in our cities, led by Zurich and Lausanne.
Indeed, Credit Suisse warns in its study that the very advantageous monetary policies adopted by Switzerland's main banks are thus prolonging the super-cycle in which the real estate market finds itself.
Although the growth has slowed the pace, the number of empty dwellings continues to increase by between 5,000 and 8,000 more each year. On the other hand, for the first time since 2011, the rate of vacant residential property to be purchased is falling. Historically low mortgage rates and a good economic situation are the cause!
The lowest holiday rates are found in our cities, led by Zurich and Lausanne.