Our market view
Much has been written about real estate prices in Switzerland in recent years and particularly in the Geneva area.
Prices appear to have stabilized and the French-speaking Swiss property market is currently experiencing a slowdown in the number of transactions.
At Property Hunt, we think this is the right time to find great opportunities and to negotiate interesting prices. Perhaps next year, prime residences will be sold at lower prices but it will be difficult to negotiate lower interest rates than currently exist. For buyers who plan to acquire a property with a loan, the price of money is as important as the price of the realty itself. This year is still excellent timing to enjoy historically low mortgage rates.
Switzerland is a small market but certainly complex, with specificities canton by canton. The rules of the game have become even more complicated with the latest vote of the Swiss on secondary homes (Lex Weber) and even more recently with the acceptance of the revision of Swiss law concerning land use (LAT).