Pursuits
Swiss Apartment Prices Set for First Decline in 15 Years
- Prices to drop 0.6% after supply rises, consulting firm says
- Canton of Valais will be worst-performing area for values
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Swiss apartment prices will decline for the first time in 15 years in 2016 as purchases by investors fail to offset a broader weakening of demand and rising supply, according to Wueest & Partner AG.
Prices will drop 0.6 percent next year, after gaining 1.6 percent in 2015, the real estate consulting firm wrote in report on Thursday. The biggest decline, 2.3 percent, is projected for the canton of Valais, which includes the Zermatt and Verbier ski resorts, while values will fall 1.8 percent in Geneva.