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Swiss fear housing market correction

Posted on 29 January 2013

Last summer, Switzerland became the first major financial centre to introduce rules that would force banks to build up their capital reserves should parts of the economy start growing too fast. With the Alpine state’s housing market in overdrive, speculation is growing that it could also become the first to implement them.
“We don’t have a bubble in the way that Spain or Ireland did, with double digit price increases year after year. But we have had a boom for 15 years, and at some point things become unsustainable and you get a correction,” says Claudio Saputelli, an economist at UBS………………………………………..Full Article: Source


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