House purchase in GE or ZH out of reach for most

Wednesday, 25 September 2024 06:30

Buying a house in either Geneva or Zurich is becoming ever more out of reach for many people.

The latest survey by UBS, shows that in Zurich, property costs 25% more in real terms than it did five years ago.

The researchers believe only around 15% of the population are in a position that could consider buying.

The rise in Geneva is a little less, but still up 10%. But the numbers show prices have stabilized for the past year.

But it’s expected that will turn around over the next few years with Zurich prices stabilizing and Geneva increasing.

The conclusion is that the lack of supply is keeping prices high.

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