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S U B S C R I B E
Wednesday, 18 April, 2012
Risking your pension on real estate
Should you be able to use your pension to buy a house in Switzerland? Currently you can use part of the assets in your pension—the so-called second pillar—to pay for a building project or as collateral for the mortgage. Critics are calling for a change in the law warning homebuyers are stretching themselves too thin as well as causing the property market to overheat. WRS’s Vincent Landon spoke to Philippe Talmann, professor of economics at the Federal Institute of Technology in Lausanne and began by asking him why the use of the second pillar was causing such concern:
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