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Despite negative interest rates, global political unrest and economic uncertainty, Switzerland is still seen as a safe haven. Engel & Völkers is extremely well established in Switzerland and shares its unique insights into the property market in its Market Report Switzerland 2020, available as an e-book and as a paper copy from your local Engel & Völkers shop from 15 January.
Switzerland is a unique nation, with four languages, a variety of dialects in the different cantons, and a population that has a strong attachment to local values. Engel & Völkers knows these differences inside out and has established itself as a successful property market expert in Switzerland. At around 50 locations all over the country, we draw on this unique Swiss strength: our team of over 220 property professionals, boasting outstanding local, regional, national and even international networks, advises demanding buyers and sellers in their local area.
In our Market Report Switzerland 2020, we would like to share with you our knowledge of the Swiss property market and our predictions for 2020.
Owning property is still an appealing prospect
Low mortgage rates mean property is still a good investment in 2020. Yet this is also the reason behind a further, albeit moderate, rise in property prices predicted for 2020. According to Wüest Partner, a minimal price rise of 0.2% is expected for apartments. By contrast, prices of family homes are expected to go up 1.2% – particularly in the lower price segment in urban locations, where demand is very strong.
However, specific knowledge of local buyers’ and investors’ needs is key to the sales price. High property prices mean prospective buyers have high standards, giving a great deal of weight to issues with the location or other flaws in the property. If you’re thinking of selling your property in the new year, it’s important to get advice and be well-informed. We’re happy to help!
Improved job market and solid economic growth
Although the Swiss franc is up against the Euro, the outlook for the Swiss economy is still optimistic. Unemployment continues to fall and the job market is improving across the board, leading experts to predict solid economic growth for Switzerland. This outlook is particularly good news for people selling property, as a stable economic situation and low mortgage rates boost demand.
Be a part of this growth trend in the Swiss property market and contact the Engel & Völkers property expert in your region. We offer advice and support with buying and selling property, project development and marketing, and can help you build a career in the real estate sector. Here’s to a successful 2020!