Post by Sapphire Capital on Aug 5, 2009 9:23:43 GMT 4
The Swiss Housing Market
Steven C. Bourassa University of Louisville - School of Urban & Public Affairs
Martin Hoesli University of Geneva - Graduate School of Business (HEC-Geneva); University of Aberdeen - Business School; Swiss Finance Institute
Donato Flavio Scognamiglio University of Berne, Institut für Finanzmanagement
May 4, 2009
Swiss Finance Institute Research Paper No. 09-16
Abstract: In contrast to many other countries, Switzerland generally has not seen soaring house prices in the 2000s and house prices have only recently started to diminish slightly. Also, Swiss authorities do not engage in trying to increase the homeownership rate much above its current relatively low level of 37.5%. In this paper, we present the main aspects of housing policy and finance in Switzerland which can help to explain these idiosyncrasies. We also analyze house prices and rents, and construct an index of residential land prices. The policies which are discussed in this paper may be useful to housing policy makers in other countries.
General information only, this is no legal or financial advice or legal opinion and no solicitation or offering of services. Use of posted information should be contingent on your counsel advise on a case by case basis.