“Access to home ownership is blocked,” he said in an interviewExternal link with the NZZ am Sonntag. He is therefore calling for tax incentives to be introduced.
“Switzerland does not encourage home ownership, even though it is a constitutional mandate,” Neff said, adding that in recent years homeowners have even been penalised fiscally because of the rental value.
He advocated the adoption of a qualified right of objection to building projects. “Anyone submitting an appeal must be able to prove a material interest and not just an ideological one,” he said.
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Voters reject ‘affordable housing’ initiative
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Swiss voters have rejected a people’s initiative to promote more affordable housing.
To those hoping for the property bubble to burst so that they can buy a home, the economist warned that they were betting on the wrong horse. “A crash would mean prices collapsing by double figures in a short space of time. I see absolutely no danger of that.”
Demand currently far outstrips supply, he said. “Prices cannot fall. Anyone who finds something they like and can afford should go for it.”
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Home ownership remains a mirage for most Swiss
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Many Swiss dream of owning a single-family home in the countryside. For most, this dream is increasingly unrealistic.
Swiss climate activists block vehicles near Gotthard tunnel
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Around ten climate activists briefly blocked the A2 motorway near the northern entrance of the Gotthard tunnel on Thursday.
Watches belonging to Michael Schumacher up for auction
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Schumacher's family is auctioning off eight rare watches from his collection in Geneva. The Christie's auction will take place on Monday.
Joya Marleen and Baschi named best solo acts at Swiss Music Awards
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St. Gallen singer Joya Marleen and Baschi from Basel were named artists of the year at the Swiss Music Awards 2024 on Wednesday night.
Swiss authorities announce cost-cutting in asylum sector
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The government notably wants to improve integration into the labour force, particularly for people with protection status S.
Various leaders confirm participation at Ukraine peace conference
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The presidents of Poland, Finland, and Latvia and the prime ministers of Spain and Belgium will be at the Swiss-hosted talks in mid-June.
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In the winter season up to April 2024, railway and cable car operators ferried 3% more visitors compared to the previous winter, and 5% more than the five-year average.
Rhine flooding: Swiss to invest CHF1 billion with Austria
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As part of an international agreement with Austria, the Swiss government wants to pump CHF1 billion ($1.1 billion) into flood protection measures along the Rhine over the next three decades.
Swiss government proposes CHF10 million UNRWA donation
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After months of debate, Switzerland plans to give CHF10 million ($11 million) to the UN agency this year, rather than the CHF20 million initially foreseen.
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Swiss property market faces bleak future despite record values
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The Covid-19 pandemic has failed to rattle the Swiss property market. But the war in Ukraine and rising interest rates could turn the tide.
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