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Date
28.4.2020
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Although the Swiss real estate market cannot escape the effects of the coronavirus crisis, according to the latest studies by the big banks (ZKB, UBS, CS), home prices are proving to be more robust than feared in the first quarter of 2020.
Zürcher Kantonalbank PDF: Real Estate Barometer 1. Quarter 2020
UBS study as PDF: Outlook Real Estate Market Switzerland, 23. April 2020, Claudio Saputelli
Credit Suisse PDF: Consequences of the Corona Crisis for the Swiss Real Estate Market
We can also confirm this: Real estate is being sold successfully in these difficult times. What drives buyers? The central banks’ expansionary monetary policy means that inflation is likely to come. In turbulent times, the housing market in particular is a stable anchor. However, we have noticed that only a few new properties are coming onto the market. The sellers are holding off on the sale of properties. This leads to a shortage of supply, which further supports prices.
The Swiss real estate market will not emerge from the coronavirus crisis unscathed. However, fears of an imminent crash are unjustified.
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