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Old 02.09.2012, 21:18
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Real Estate prices sinking

According to the SonntagsZEitung, the real estate prices in August, for the first time in four years, were sinking. And this unionwide. Experts however are not confident and say that the overall situation may rather drive prices up again. It however may at least be a stop or a minimal turn around. something, average people and most of the economy are looking for.
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Old 02.09.2012, 21:30
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Re: Real Estate prices sinking

Hello, have not read the article, but I would be surprised if prices were sinking. Maybe a one month correction in a trend of irrational exhuberance ? return to mean ? slowdown in rise ? Prices are sinking in Florida, Spain and Ireland (and Dubai). They will not be sinking any time soon in CH. Personal opinion.
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Old 02.09.2012, 21:59
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Re: Real Estate prices sinking

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Hello, have not read the article, but I would be surprised if prices were sinking. Maybe a one month correction in a trend of irrational exhuberance ? return to mean ? slowdown in rise ? Prices are sinking in Florida, Spain and Ireland (and Dubai). They will not be sinking any time soon in CH. Personal opinion.
It was NOT a "slowdown in rising" but definitely SINKING. But here the link
http://www.sonntagszeitung.ch/wirtsc...?newsid=228333
You from your profile may find out more than I do about the whole matter. What I however CAN see is that even experts are cautious in making forecasts. But I suggest that you make your opinion yourself.
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Old 02.09.2012, 22:12
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Re: Real Estate prices sinking

At least in the Geneva area, this is not new but has been the case since beginning of the year.

See also the articles linked from this thread:

Discounts of 15% on real estate prices in Geneva area

While I don't expect a bubble burst like in 1990 (30% and more value loss in Geneva), a 10-15% correction can be expected in this region.
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Old 02.09.2012, 22:14
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Re: Real Estate prices sinking

One can only hope!

Tom
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Old 02.09.2012, 22:32
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Re: Real Estate prices sinking

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One can only hope!

Tom
Indeed. Sinking real estate prices will have a positive effect on prices for everything, and may help business heavily. I am not an expert in either finance or real estate but clearly see the connection between real estate and rental prices and the rest of the economy, and so simply hope that the prices of real estate do not increase further. If the sink, the better it is.

Geneva was mentioned but Geneva is special. Not comparable to the rest of the country. Also not to the Ticino, where Lugano can expand into various directions (like the Malcantone) and Locarno+Bellinzona up and down the Ticino River (including the Magadino area). Zurich can and does and will expand to the north/northwest/northeast. Basel can expand towards the Canton of Solothurn and into the Laufental. While Geneva is enclosed by France. And the love of Genevans for the Pays Vaudois has its limits
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Old 03.09.2012, 08:23
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So only 5 years of correction and we might be able to find a house then. Maybe
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