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Household wealth on the rise

The net worth of Swiss households in 2010 rose by SFr74 billion ($81 billion) or 2.8 per cent to SFr2,691 billion, the Swiss National Bank (SNB) said on Friday.

This content was published on November 18, 2011 - 11:22
swissinfo.ch

The main reasons for the increase were the persistently high level of saving by households and a further advance in real estate prices.

By contrast, currency movements reduced the growth in household wealth by some SFr25 billion.

Breaking down the figures, the SNB said financial assets held by households grew last year by SFr49 billion (2.5 per cent) to SFr1,958 billion, while real estate assets increased by SFr55 billion (4.1 per cent) to SFr1,415 billion.

Consequently, total assets recorded a growth of SFr104 billion (3.2 per cent) to SFr3,373 billion.

After taking liabilities into account (SFr682 billion), the central bank said net worth per

capita increased by around SFr6,000 (1.7 per cent) to SFr341,000.

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