Demand for Alpine property is rising, spurred on by a more resilient Eurozone, greater clarity over tax and the second home cap in Switzerland, as well as a weaker euro, the latest index report says.
Val d’Isere and Meribel in France have seen the biggest annual growth in property prices with a rise of 5.8% and 4.5% respectively, according to the 2015 Ski Property Index from international real estate firm Knight Frank.
The recovery in the Alpine residential real estate market, led by the ultra-prime resorts, has spread to the rest of the region with infrastructure investment spurring new development, according to a new report.
British buyers are returning as a weak euro poses buying opportunities in France, Austria and Italy but a strong Swiss franc has made property in Switzerland more expensive for foreign buyers, says the report from Savills World Research and Alpine Homes.
Switzerland has seen sustained levels of residential property market growth between 2008 and 2013 with house prices up 28%, the opposite of what has happened in many other European markets.
Economic expansion, low interest rates, growth in real wages and immigration of wealthy individuals have all supported housing demand. The strengthening Swiss franc also raised their price in comparison to other currencies, according to a new analysis from international real estate firm Savills.
Commercial property investment activity in Europe reached its highest level since 2007, totalling €102.5 billion in the first half of 2015, the latest market analysis report shows.
The investment volume across the 16 participating countries was 25% up on the same period last year, according to the European Investment Briefing report from international real estate advisor Savills.
The Swiss property market, moving ahead while the economy shrinks, is in more danger of developing a bubble than at any time since 1991, UBS said in a quarterly study on Tuesday.
Negative interest rates have created excess demand for property as an investment, the Zurich-based bank said, which brings the housing market back into focus for the Swiss National Bank (SNB).
Loan applications for second homes hit their highest on record in the second quarter, UBS said.
The Swiss border town of Kreuzlingen is a lovely, peaceful place. It lies between one of Europe's most beautiful stretches of water, Lake Constance, and the rolling hills of the canton of Thurgau, with the Alps rising majestically in the distance.
But recently, Kreuzlingen has become too peaceful, eerily quiet in fact. Its main street, optimistically redesigned and renamed the Kreuzlingen Boulevard just four years ago, is empty. There are plenty of shops, but some are closed, and those that are open have few customers.
Switzerland is a great place to visit. It's also a great place to be an expat.
But the process of becoming an expat isn't always easy and can be daunting when you don't know the steps to take.
Here are 11 things Americans should do before making the big move to Switzerland.
Immigration of is continuing to put upward pressure on rental housing costs and residential property prices, particularly in the Lake Geneva region, a report from Bern says.
The land of clocks and chocolates is the world's happiest country, according to a new survey.
Switzerland topped the third annual World Happiness index produced by the Sustainable Development Solutions Network (SDSN), an initiative under the United Nations.
It was closely followed by Iceland, Denmark, Norway and Canada.
It's a very worrying time for many thousands of people in central and eastern Europe, as they helplessly watch the Swiss franc rise against their local currencies and see their mortgage repayments go up and up.
An estimated 566,000 Poles have taken out Swiss franc-denominated loans, that's about 37% of all mortgages here.
By Tuesday, the Swiss franc had risen 21% against the Polish zloty, following the Swiss National Bank's decision to abandon its currency ceiling against the euro last Thursday.
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