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S U B S C R I B E
Thursday, 3 May, 2012
Switzerland enters housing bubble, says UBS
Switzerland is in the beginning stage of a housing bubble with an average real estate price increase at an unsustainable five to six percent nationwide, according to UBS economist Claudio Saputelli, co-author of UBS’s Swiss Real Estate Bubble Index for the first quarter of 2012. The index says that pressure increases on the market as housing prices continue to increase, mortgage debt rises and real estate becomes a more sought after investment with the riskiest or most exposed housing markets residing in Zurich, Geneva and Lausanne. WRS’s Alex Helmick speaks to Saputelli:
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