immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Eigenheime

  • Buying and renting more expensive in March

    Buying and renting more expensive in March

    As the Swiss Real Estate Offer Index compiled by the SMG Swiss Marketplace Group in cooperation with the real estate consultancy IAZI shows, condominiums were advertised at 1.0 per cent higher values in March. Single-family homes also saw an increase, albeit smaller, of 0.3 per cent. The number of single-family homes and condominiums advertised has increased in recent months, which would generally indicate an improvement in the tight property market. “However, we see that sellers of owner-occupied homes continue to assume a stronger willingness to pay for the time being, as the current increase in asking prices shows,” says Martin Waeber, Managing Director Real Estate, SMG Swiss Marketplace Group.

    Flat hunters must expect higher rents
    As of the general moving-in date at the end of March, the average asking rents in the country have risen by 0.8 percent. Within one year, there has been an impressive increase of 4.6 percent. However, there are large regional differences in the development of rents: The strongest increase was in central Switzerland (2.2 per cent), especially due to the price drivers Zug and Lucerne. The increases in eastern Switzerland (1.1 per cent), the greater Zurich region (1.0 per cent) and the Lake Geneva region (0.9 per cent) are somewhat more moderate. There was hardly any change in the Central Plateau (0.1 per cent), while asking rents fell slightly in Northwestern Switzerland (-0.3 per cent) and Ticino (-0.3 per cent).

    Particularly in the three large regions of Zurich, Central Switzerland and Lake Geneva, further price increases are to be expected in the coming months due to the existing housing shortage, ongoing immigration and the decision on the reference interest rate expected in June.

  • The risk of bubbles in homes in Zurich is high

    The risk of bubbles in homes in Zurich is high

    The global bubble risk for homes rose by 6 percent on average in the major cities analyzed last year. In all of the cities analyzed except Milan, Paris, New York and San Francisco, home prices have risen, in five cities even by double digits. The potential extent of a price correction has also increased. This is shown by the UBS Global Real Estate Bubble Index 2021 . This annual study is prepared by the Chief Investment Office of UBS Global Wealth Management .

    The current risk of the real estate bubble bursting is highest in Frankfurt, Toronto and Hong Kong. According to a comprehensive media release , there are also high risks in Munich and Zurich. Vancouver, Stockholm, Amsterdam and Paris are just as overrated, as are all five cities from the USA examined. UBS also sees major imbalances in Geneva, Tokyo, Sydney, London, Moscow, Tel Aviv and Singapore.

    Madrid, Milan and Warsaw, on the other hand, are still rated fairly. UBS names Dubai as the only undervalued market. He’s also the only one to be classified in a lower category than last year.

    According to UBS, the reasons for the global price increase lie in addition to the corona pandemic in the further improved financing conditions. In some cases, even the lending standards for homebuyers have been relaxed. In addition, higher savings rates and growing stock markets have released additional equity.

    At the same time, households would have to take out ever larger loans in order to keep up with rising prices. Even so, debt levels and credit growth are still well below their historical highs in many countries. UBS therefore does not expect any major disruptions on the global financial markets for the time being. The shift in demand towards non-urban areas, however, makes “a long dry spell for the urban housing markets” more likely.