View Single Post
  #17  
Old 24.10.2016, 12:37
fatmanfilms's Avatar
fatmanfilms fatmanfilms is offline
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Is Zurich experiencing a housing bubble?

Quote:
View Post

Having seen UK prices over the same period, I'm surprised Swiss prices aren't much higher...
Thats because there are not the same level of owner occupiers & banks have been less reckless requiring deposits of 20% v 5% currently in the UK. -10% deposit was available 10 years ago in the UK 10 years ago with self certification of earnings. If someone earning 25k can borrow 1 million house prices will rise......
Quote:
View Post
P.S: I do not think Switzerland in general and Zurich in particular is a bubble. As long as incomes are as high as they are, tax as low as it is and the rental market as healthy as it is... is a property in a decent location a good long time investment. If you can only afford it as your ONLY investment is it probably not for you though...
Prices have risen far faster than salaries in ZH, so yes that would sound like a bubble to me. If salaries are 15% higher than 15 years ago I would be surprised, I would expect them to be 5-7% higher than in 2001 on average.
Reply With Quote