“The strong economic upturn is generating new demand on the owner-occupied housing market, especially since mortgage interest costs are still at very low levels. Prices on the owner-occupied housing market are on the rise again and have returned to the growth zone even in the high-price segment,” it wrote.
According to Credit Suisse, the average age of a Swiss house or apartment owner is 58. It predicts there will be 23,000 additional home owners in Switzerland by 2025, slightly fewer than 2010-2015. The survey found a growing trend among new owners to rent out their properties.
In the rental market, the construction of apartments remains “at a very high level”, the authors wrote. At the same time, demand for rental apartments continues to decline due to falling immigration levels to Switzerland in recent years.
Owing to the large number of rental apartments being built, the Credit Suisse economists predict the number of vacant properties will continue to rise and advertised rents will fall by 1% in 2018. Their forecast is slightly lower than that of a recent UBS property report, which expects a 2.5% drop in rents this year due to greater competition in the rental market.
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Swiss apartment glut puts pressure on landlords
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It’s a good time for people looking to rent a flat in Switzerland, as there are many empty properties and landlords are slashing rents in some places.
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The Standing Committee of the Bern Convention in the Council of Europe has decided to initiate an investigation into Switzerland's wolf-shooting policy.
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The Swiss population's assessment of the current cohesion of society is largely negative. The situation has deteriorated compared to when respondents were younger, according to a study.
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Swiss government welcomes private social security for self-employed
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Self-employed people in Switzerland are less financially protected against losses than employees of a company. The government therefore welcomes private initiatives.
ETH trebles fees for foreign students in Switzerland
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Foreign students at Switzerland’s federal technology institutes ETH will have to pay higher fees for their studies from autumn semester 2025.
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Swiss solar company Meyer Burger has concluded a bridge financing of $39.48 million (CHF34.7 million) with certain bondholders to stabilise the situation.
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Two satellites on the European Space Agency's (ESA) Proba-3 mission have been successfully launched. Swiss technology is on board.
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UBS bank predicts big drop in rental prices
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In its annual real estate report, Switzerland’s largest bank predicts that new apartment rental prices in the country will fall by almost 10% by 2020.
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The lakeside communities of Rüschlikon, Meggen and Zug have been named the most attractive places to live in Switzerland in an annual survey.
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