“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.
Study: high pollen concentrations increase blood pressure
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A high concentration of pollen can increase blood pressure in allergy sufferers, according to a Swiss study. The effect is much more pronounced in women and people who are overweight.
New asylum regulations come into effect in Switzerland
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Several asylum-related changes come into effect in Switzerland on June 1 aimed at improving the employment and housing situations of refugees.
Swiss unions call for CHF5,000 monthly salary for qualified apprentices
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All workers who have completed an apprenticeship should earn at least CHF5,000 per month, the Swiss Trade Union Federation said on Friday.
Flooding risks in parts of Switzerland and Germany after heavy rains
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There is a significant risk of flooding on the River Rhine from Lake Constance to Basel and on the Thur River in canton Thurgau in eastern Switzerland.
Switzerland to intensify border checks during sporting events
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In the context of events including the European Football Championships and the summer Olympics, border security will be increased.
Integration of Credit Suisse into UBS now complete
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Credit Suisse AG was formally integrated into UBS AG on Friday, with the former being subsequently deleted from Canton Zurich's commercial register.
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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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