As interest rates fall – and more cuts are deemed likely – it will soon be cheaper to own a home than rent one.
That’s the conclusion of a study from UBS.
The bank has calculated that renting a standard four and a half room house will currently cost an owner more – by about CHF 2,000 a quarter.
But that’s likely to change by the end of the year.
The study shows that it already maybe the case in some cantons, including Vaud and Valais.
Geneva blindsided by car tax chaos
The Geneva government has been blindsided by the effect of the new car tax and are now scrabbling to explain why.
Govt backs foie gras
The Federal Council has come down firmly on the issue of foie gras.
Fairmont to close for 3 yrs
The Geneva luxury Fairmont Hotel on the Quai Wilson will close its doors for renovation next month. The work could last for up to three years.
Long term plans for atom waste dump
The time frames are immense – but plans have been revealed on a new nuclear waste storage site, which, by law, has to be viable for a million years.
A12 closed after snow triggering crash
A section of the A12 autoroute running between Vevey and Châtel-St-Denis was closed over night following a multicar pile up, caused by the snow.
Woman seeks life saving savior
A young woman in Geneva has launched a search for the woman who saved her life when she was swept away by the Rhone last spring.
