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Bank warns of overvaluation of the home market in Switzerland
The UBS real estate bubble index was again slightly lower in the third quarter than before. However, the bank warns that the index has risen significantly since mid-2020 and suggests a clear overvaluation of the housing market. The market is very overheated, particularly in some regions such as Lake Zurich, parts of Graubünden, the St. Gallen Rhine Valley and the Lausanne region. In its risk assessment, the bank points out that the index remains significantly lower than it was during the real estate bubble at the beginning of the 1990s. This suggests that the current situation is not necessarily comparable to a crisis, but developments on the market should not...
Bank warns of overvaluation of the home market in Switzerland
The UBS real estate bubble index was again slightly lower in the third quarter than before. However, the bank warns that the index has risen significantly since mid-2020 and suggests a clear overvaluation of the housing market. The market is very overheated, particularly in some regions such as Lake Zurich, parts of Graubünden, the St. Gallen Rhine Valley and the Lausanne region.
In its risk assessment, the bank points out that the index remains significantly lower than it was during the real estate bubble at the beginning of the 1990s. This suggests that the current situation is not necessarily comparable to a crisis, but developments on the market should not be underestimated. Rising prices and overheated regions could have long-term effects on the entire real estate market in Switzerland.
Possible impact on the market:
- Preissteigerungen könnten zu einer allgemeinen Überhitzung des Immobilienmarkts führen, was langfristig zu einer Korrektur oder sogar zu einer Blase führen könnte.
- Überbewertete Regionen könnten potenzielle Käufer abschrecken und zu einer Verschiebung des Interesses auf andere, weniger überhitzte Gebiete führen.
- Die Warnung der Bank könnte zu einer vorsichtigeren Haltung von Investoren und Käufern führen, was zu einer langsameren Wachstumsrate auf dem Eigenheimmarkt führen könnte.
According to a report by www.cash.ch
Read the source article at www.cash.ch