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Consequences of the corona crisis for the Swiss real estate market
Consequences of the corona crisis for the Swiss real estate market
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, too, can confirm that real estate sales are successful even in these difficult times. What is driving buyers? Due to the central banks’ expansionary monetary policy, inflation is likely on the horizon. In turbulent times, the housing market in particular serves as a stable anchor. However, we’ve noticed that very few new properties are coming onto the market. Sales are being held off by sellers. This is leading to a shortage of supply, which is further propping up 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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