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Not a great time to buy Swiss property

National News // Jan. 8, 2020

Renting a home in Switzerland is slightly cheaper – but buying a property will cost you more.

Pixabay Not a great time to buy Swiss property

New figures from the Real Estate Office show across the country, rents are down on average by half a percent.

The biggest drops are in the central parts of the country which is suffering a property glut – down almost 2%.

In Geneva rents are down by a percent. But Zurich is up almost a percent.

The price of buying a house is rising – about 3%.

Analysts say continued low interest rates is driving demand – but many simply can’t afford to get on the property ladder.

Still 60% of residents rent their homes.

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