Steven C. BOURASSA (University of Louisville) Martin HOESLI (University of Geneva, University of Aberdeen and Bordeaux Management School) Donato SCOGNAMIGLIO (IAZI / CIFI)
Abstract
In contrast to many other countries, Switzerland generally has not seen soaring house prices in the 2000s and house prices have only recently started to diminish slightly. Also, Swiss authorities do not engage in trying to increase the homeownership rate much above its current relatively low level of 37.5%. In this paper, we present the main aspects of housing policy and finance in Switzerland which can help to explain these idiosyncrasies. We also analyze house prices and rents, and construct an index of residential land prices. The policies which are discussed in this paper may be useful to housing policy makers in other countries.
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Find related papers by JEL classification: R31 - Urban, Rural, and Regional Economics - - Production Analysis and Firm Location - - - Housing Supply and Markets
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