20.01.2012 - Swiss housing market in 'dangerous trend': UBS
The price of housing has increased by an average of 35 percent in the last five years, a UBS annual report says. With interest rates lower than ever before and stock markets in constant turmoil, Swiss investors see the real estate market as a solid asset, according to the bank's 'Real estate focus 2012' report. But the bank's research branch warned that the real estate market is “overheated” in Switzerland. Investors’ expectations are "clearly too optimistic", the bank said, while the bleak outlook for the euro area and a lack of alternative investments make for a "dangerous mix"...............................................Full Article: Source
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