View Single Post
  #11  
Old 24.08.2016, 07:32
miniMia's Avatar
miniMia miniMia is offline
Forum Legend
 
Join Date: Apr 2007
Location: romandie
Posts: 9,989
Groaned at 99 Times in 90 Posts
Thanked 8,948 Times in 4,459 Posts
miniMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond reputeminiMia has a reputation beyond repute
Re: Any feelings out there about property prices?

Quote:
View Post
If you want to sell now, sell.
The SNB isn't worried because they're pussy-cats.

The amount of debt people have accumulated for housing is staggering.
Worse: a really large part of our pension-funds are invested in real-estate, too.
They're the ones building large rental-complexes.
What would happen if nobody rented there?
I think I read that you only need about 20% unoccupied apartments for the whole balance-sheet to fall into the negative (or some other ridiculously low number).
As long as net 50-100k people per year enter Switzerland, that bubble is going to further inflate - but god help us if that flow stops or reverses.
That will be really, really, painful.
20% is not low. Currently the rate is 1.2% with a 2% 'high' in VS, JU, AG, GL and a low of 0.5% in GE, ZG, ZU, BL, BS.
Reply With Quote
This user would like to thank miniMia for this useful post: