The Swiss Housing Market
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.
|Date of creation:||May 2009|
|Contact details of provider:|| Web page: http://www.SwissFinanceInstitute.ch|
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