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Real Estate Briefing - Categorized | Market Moves, People more

SNB’s Zurbruegg is concerned about Swiss property market

Posted on 08 January 2013

Swiss National Bank Governing Board member Fritz Zurbruegg said the central bank is worried about the development of the country’s property market. “We are concerned,” Zurbruegg said. “We had the impression that the situation eased to a certain extent in the second quarter. Sadly this wasn’t repeated in the third quarter.”
The SNB’s decision to impose a ceiling on the franc in September 2011 as demand for the currency surged has made the Swiss property market more attractive for foreign investors seeking a haven for their money………………………………………..Full Article: Source


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