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Growth in demand for condominiums

In Switzerland, demand for owner-occupied apartments increased more between July 2018 and June 2019 than in previous periods, according to homegate.ch's Online Home Market Analyse (OHMA). During the period under review, the number of apartments offered for sale on online portals rose by 9.7% throughout Switzerland. Only two of the eight regions covered by the survey, Geneva and Vaud/Valais, saw a decline...

The benchmark interest rate for lease contracts remains 1.5%.

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 determined on a quarterly basis. It is published in quarter percent. The average interest rate established on September 30, 2018, the reference day, was 1.47%, compared with 1.49% in the previous quarter. The reference interest rate...