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Geneva region tops property price

Thursday, 7 October 2021 04:51

Pixabay

Property prices are climbing across the country – and the Lake Geneva region has seen the strongest growth.

A study by the Raiffeisen Bank shows the average price rise for a family home in the last three months was 9.7%.

The figures show people are looking for larger homes, likely being driven by the increase in home working. 

The Lake Geneva region is topping the list for rises - with prices up over 12%. 

The active property market is concerning the Swiss National Bank. Economists are worried that many people will not be able to repay a mortgage if and when interest rates start to climb. 

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