“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.
Swiss football boss wants crackdown on individual hooligans
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The head of the Swiss Football League says he prefers a harsher approach to individual hooligans rather than collective punishment measures affecting all fans.
Amherd: Council of Europe is ‘as urgently needed as ever’
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The Swiss government emphasised on Sunday the vital role of the Strasbourg-based Council of Europe, 75 years after it was founded.
Swiss minister: Italy will back Switzerland in EU talks
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Bern can count on the backing of Italy as it re-enters talks with the European Union on future relations, Viola Amherd says.
Student protestors at University of Lausanne continue pro-Palestine sit-in
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Since Thursday, a hall on campus has been occupied by students calling for a boycott of Israeli academic institutions and a ceasefire in Gaza.
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Swiss public broadcasters RTS and SRF are drastically reducing their communications via the social network X (formerly Twitter).
Israel: president of Swiss universities rejects academic boycott
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Luciana Vaccaro, president of Swissuniversities, the umbrella group of Swiss universities, is not in favour of an academic boycott of Israeli universities.
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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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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.