The mountain resort of Verbier is the most expensive place in the Alps for second homes, including high end resorts in other Alpine countries.
The latest UBS Alpine Property Focus Report shows on average a property in Verbier will cost CHF 21,500 per square metre, next is St Moritz at 21,200 and third, Zermatt at CHF 19,900.
Although price rises have been strong over the last 5 years – on average – 30%, UBS analysts suggest the market will stagnate this year as international demand is low.
Army to boost drone training
The army is ramping up its drone capabilities, saying modern warfare has changed dramatically.
Economy beats expectations
Switzerland’s economy has grown more strongly than expected at the start of the year.
Study says end OECD tax rules
A new study from the University of St. Gallen is calling for Switzerland to scrap the OECD minimum tax introduced just two years ago.
Ukrainian refugees will cost more from next year
Thousands of Ukrainian refugees in Switzerland could soon gain longer-term residency rights, but the change is raising concerns over the cost to cantons and municipalities.
China warns of Swiss petty crime
China has placed several major Swiss cities, including Geneva, Zurich and Lausanne, on a list of higher-risk locations for Chinese tourists.
New Swatch watches resold with massive mark-ups
The new “Royal Pop” pocket watch from Swatch and Audemars Piguet is already being resold online for extraordinary prices, just days after launch.
