The Swiss National Bank (SNB) has cut its key interest rate by 25 basis points to 1.00% for the third time in succession, the Swiss central bank announced on Thursday. The SNB remains ready to act on the foreign exchange market if necessary. The Swiss central bank lowered its key interest rate by 25 basis points to 1.00%, it announced in a press release on Thursday. This is the third monetary easing...
With a 16% share of Switzerland's gross domestic product and 592,000 full-time equivalents, real estate is a major contributor to the Swiss economy. The new version of the report "The Importance of Swiss Real Estate to the National Economy" and the interactive "Digital Atlas of Swiss Real Estate" quantify the importance of this sector. Both were produced by real estate consultancy pom+ on behalf of the...
To everyone's surprise, the Swiss National Bank (SNB) decided on Thursday to lower its key interest rate to 1.5%. This rate had been fixed at 1.75% since June 2023, the Swiss central bank having opted for the monetary status quo in September and December. The SNB is thus initiating a phase of monetary easing earlier than its larger counterparts - the US Federal Reserve (Fed) and the European Central Bank...
The reference mortgage rate used to determine rents throughout Switzerland has risen by 0.25 percentage points since it was last published, and now stands at 1.5%. The reference interest rate is published in quarter percent. It is based on the weighted average interest rate for mortgages in Switzerland. The average interest rate on March 31, 2023, the reference date, rose from 1.33% in the previous...
The reference interest rate remains at the same level as the last time it was published, at 1.25%. It is valid for setting rents throughout Switzerland. The reference interest rate is based on the weighted average interest rate for mortgages in Switzerland, which is set quarterly. It is published in quarter percent. The average interest rate on December 31, 2022, the reference date, was 1.33%, compared...
In the course of 2020, 10.3% of the Swiss population moved home. Young adults showed the highest propensity to change dwelling. Residents of single-family homes moved less than those living in multi-unit dwellings. The average moving distance was 12.5 km. These are just some of the findings of the new statistics on moving, compiled by the Swiss Federal Statistical Office. Source: FSO The post 10% of...
On March 11, 2012, the Swiss voted 50.6% in favor of this initiative aimed at limiting second homes. In Berne, some elected officials are pushing for more flexibility. The economy had to adapt. But what is the situation on the ground today? 15 Minutes went to Valais, the region that rejected the initiative by the largest margin. Fears for jobs, tourism and the future of mountain regions: on the...
20.04.2021 - Three quarters of Switzerland's population live in urban areas. Urban dwellers occupy around 2 million dwellings in almost 540,000 buildings. Nearly three-quarters of these are occupied by tenants, the majority of whom live in three-room dwellings. These figures come from the "Swiss City Statistics 2021", which this year focuses on the theme of "living in cities". The Union of Swiss Cities...
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