10.10.2011 - Cap on Franc pushes Switzerland closer to repeating 1980s housing bubble
Switzerland’s push to tame its soaring currency may worsen a jump in home prices as record-low interest rates lure buyers into a market already surging from increasing immigration. A rise in real-estate prices is among the greatest threats to Switzerland’s economy, Swiss National Bank Chairman Philipp Hildebrand said in June. He made the remarks less than two months before the bank lowered rates to zero, after warning more than a year ago about the possibility of a bubble..............................................Full Article: Source
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