“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.
More
More
Swiss apartment glut puts pressure on landlords
This content was published on
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.
First large-scale alpine solar plant approved in Switzerland
This content was published on
The approval was met with satisfaction by the project's organisers, but it also brings with it a certain amount of pressure.
Medieval squirrels may have ‘helped spread leprosy’
This content was published on
An examination of squirrel remains in the United Kingdom has opened up interesting questions and possibilities in terms of the history of the disease.
Swiss money laundering office registers record number of reports
This content was published on
The Money Laundering Reporting Office Switzerland (MROS) registered a record number of reports of suspicious activity last year.
Two teens accused of planning terror attack released from custody
This content was published on
The Schaffhausen judiciary has released the two teenagers from custody who allegedly planned bomb attacks in Switzerland.
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.
Read more
More
UBS bank predicts big drop in rental prices
This content was published on
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.
This content was published on
The lakeside communities of Rüschlikon, Meggen and Zug have been named the most attractive places to live in Switzerland in an annual survey.
You can find an overview of ongoing debates with our journalists here . Please join us!
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.