07.05.2013 - Swiss property market slows in first quarter, says UBS
The rate of increase in Swiss house prices slowed in the first quarter, research showed on Friday, suggesting moves by the government to deflate a property bubble are starting to take effect. The UBS real estate bubble index rose 0.06 points to 1.17 points, lower than the average quarterly rise of 0.11 points over the past four years. A reading between 1.0 and 2.0 on the index means the market risks a correction, while anything over 2.0 indicates a bubble...............................................Full Article: Source
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