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Swiss House Prices Forecast to Rise 2.1% in 2013: Wueest

Swiss rents may climb 1.6% this year, according to a report published today by property consultancy Wueest & Partner. * Purchase prices for Swiss apartments may rise 0.9% in 2013: Wueest * Rents in Zurich and Geneva cantons will probably rise 2.4%: Wueest * Prices of single family homes are forecast to climb 3.3% in canton Zurich, 1.6% in Geneva, 3.6% elsewhere in western Switzerland, 3.9% in central Switzerland: Wueest * NOTE: Wueest said yesterday that Swiss residential property prices continued to rise in 1q: NSN MLNPA46KLVRN <GO> * NOTE: Switzerland in midst of biggest property boom in two decades, thanks to immigration and with the central bank’s record-low interest rates keeping mortgages cheap * NOTE: The Swiss government in February ordered banks to hold additional capital as a buffer to guard against a rise in bad mortgages; banks must comply with the measure by October

To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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