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The Swiss Real Estate Market of 2010
The Swiss Real Estate Market of 2010
The Swiss real estate market is undeterred with the global recession or the current real estate crisis unlike others.
Pura,
Lugano,
Switzerland
(pr4links.com)
14/07/2010
"Even though unemployment rates have not improved as expected the stable Swiss economy will make sure that the foreign nationals would sustain their stay in the Swiss even if they would have lost their jobs."
The stable stature for real estate is prevalent in Switzerland thanks to the solid mortgage loan market and the high immigration-driven demand. However, it does face some unseen consequences due to the increase in joblessness, poor employee payroll structures, reducing impetus from immigration and the rising interest rates on loans. The changing economy is found to affect the smaller homes and apartment prices and also the rent on newer buildings. On the whole, the housing market in the Swiss may face slight fall in prices.
2009 was a year of drastic ups and downs for the real estate companies. The share prices saw a steep fall in the beginning of the year but they eventually recouped as the equity prices rebounded and the shares started to recover by the second quarter. The real estate companies that deal with residential properties are facing lesser challenges as compared to the ones dealing with commercial properties. In 2010, real estate companies and funds have shown a worthwhile performance leading to far improvement in results as compared to last year.
No matter how the economy is there is a constant demand in housing properties due to the continual growth of population who are immigrants from other countries permanently planning to reside in Switzerland. Even though unemployment rates have not improved as expected the stable Swiss economy will make sure that the foreign nationals would sustain their stay in the Swiss even if they would have lost their jobs. At least they are in a better position as compared to the neighboring countries.
Populations are concentrated in the urban areas and the real estate in the urban dwellings might experience bloom rather than any other place in the Swiss. Also transportation facilities play a major role in deciding the buying and selling of properties. To give you an idea on this criterion, consider this, the value of a residential property increases by 2.3% for every 250 meters decrease in its distance from a rapid transit stop in the form of rail station, bus, tram or metro stop. Also the places near the centers of employment have a major demand due to their convenience-factor that appeals the average office-going employer.
We have a handful of trusted and reputed real estate agencies like the one called TopSwiss.com where you are served by a network of Swiss brokers selling you exclusive properties that suits your needs. They give in-depth details of the most attractive deals on properties and at the same time help the home owners to manage and earn a decent profit on their homes.
Mr. Andrea Burkhardt of TopSwiss exclaims, “A smooth sale of real estate is not always easy to achieve. Various difficulties must be overcome and require professional assistance. Your Topswiss realtor is an expert and therefore aware of such issues. He offers you a marketing strategy specifically adapted to your property. He can sell it with a guarantee, which clears up all hesitations a buyer may have relative to your house or apartment. We can establish and thus know the market value of your property.”
About TopSwiss:
TOPSWISS, the Swiss brokers’ network, is specialized in selling high value Swiss properties. Our network partners and brokers are thorough professionals who have receieved company internal continuing education at our company training centre in Zurich/Switzerland. This allows them to remain at the forefront of new developments, warranting the ability to give the most competent and professional advice to their real estate clientele.
For more information visit us at www.topswiss.com
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About
TOPSWISS, the Swiss brokers’ network, is specialized in selling high value Swiss properties. Our network partners and brokers are thorough professionals who have receieved company internal continuing education at our company training centre in Zurich/Switzerland.
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