Friday, December 2, 2022

Real estate prices are finally becoming affordable again

by admin
0 comment

That pleases everyone who is looking around for their own home! The turning point in the real estate market has arrived: after a period in which the prices for houses and apartments shot up to extreme heights, the end of the price boom is now approaching, writes the “SonntagsZeitung”. Experts anticipate a slowdown in the coming years. Real estate expert Matthias Holzhey from UBS predicts that price growth could even approach zero by 2024.

The reasons for this development can be found in the currently rapidly increasing mortgage interest rates. Due to the Ukraine war, there is also great economic uncertainty, a lack of raw materials, inflation – factors that affect the decision to buy a property. According to a study by Credit Suisse, renting is cheaper than buying for the first time in 13 years.

Related News

Latest Switzerland News and updates and political news, follow our daily update about the congress and the government roundup, we also provide the latest news from all over the world minute by minute, subscribe to get the latest updates directly to your inbox.

© 2022 All Right Reserved. Switzerland Times