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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. papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1407609_code623849.pdf?abstractid=1407609&mirid=2
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