The real estate market of Switzerland is threatened by "bubble"
Specialists believe that the situation will be leveled.
Real estate prices in Switzerland will reach a maximum in the third quarter 2020, according to the quarterly statement of UBS.
According to Swiss Bank, growth is connected with fall of income against the background of serious recession in combination with higher cost of the objects occupied by owners reports an information portal.
Also rental rates grow, and for housing – for offices decrease.
In the second quarter 2020 of the price of houses and the apartments occupied by owners grew almost by 4% in comparison with the same period of the past (adjusted for inflation). It is the strongest growth in seven years though if to compare an indicator for the first half of the year, then for the last 40 years it is the lowest.
UBS noted that the growing housing prices are incompatible with a permanent economic crisis in Switzerland and fall of income of the population. Though the Swiss economy – one of the most competitive in the world. Experts of bank optimistically assumed that the imbalance will be leveled by the end of the next year as the majority of indicators signal about falling of the housing prices.
According to a research of UBS, the greatest imbalance of the prices – along the coast of the lake Zurich, in Lausanne and in Basel.
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