Global Property
Slowdown inevitable for house prices in Switzerland
en.ppostnews.com : Trend: house prices up y-o-y 1.1% to Q2
There have been 14 years of price growth in Swiss residential real estate. A slowdown is almost inevitable.
Analysis: higher prices and tougher lending rules are restraining property ownership. The rental accommodation market is in downturn, vacancies and time-on-market are set to increase further.
Rents, rental yields: yields are lowish, at around 3.27%
Zurich apartments are expensive, at around €11,467 per sq. m.
| Switzerland: city centre apartment, buying price, monthly rent (120 sq.m.) | |||
| Buying price | Rent per month | Yield | |
| Zurich | €1,446,840 | €3,946 | 3.27% |
Recent news: In June the Swiss State Secretariat for Economic Affairs (SECO) downgraded its 2017 economic growth forecast by 0.2% to 1.4%. However it said “Economic growth is expected to accelerate substantially throughout the year due to favourable economic conditions at an international level,” and forecast that GDP would expand by 1.9% in 2018.
