Re: Mortgage tips and risks
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| || |Correct. It only relevant that they need some place to live.
From end of Q1 to end of Q3 there are 50k more people living in Switzerland.
As long as people are coming prices are mostly stable or rising. Once people are leaving for whatever reason prices will drop.
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Well, there are two parts: one which we addressed is the demand side. The other is the supply side.
It's not hard to imagine that Switzerland is being set-up for a large structural correction as inventory of housing increases if demand later falls.
The risk of cancelling the bilaterals seems to have abated, but another risk not really considered by many is the impact of the trend against tax avoidance and the pressure put on CH by the EU. Without a favourable enough tax regime, some multi-nationals will leave for cheaper countries.
The high CHF also pushes some jobs out of CH.
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