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Record low interest rates fuelling a real estate price boom in Switzerland

Posted on 03 November 2010

From Propertywire.com: Cheap mortgages are driving up residential property prices in Switzerland to levels that are worrying many analysts.
Average house prices in Switzerland have risen as much as 7% in the past year and by almost 11% around Lake Geneva, one of the country’s hottest property markets where modest two bedroom apartments are selling at an average of a million francs, unaffordable for the majority of residents……………………………………….Full Article: Source

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