SNB Says Swiss Housing Market Is Showing Signs of Cooling
Stretched affordability is being exacerbated by rising interest rates.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
The Swiss National Bank said there are signs the country’s property market is cooling after years of growth, but noted there are still risks of a sharper correction.
“Mortgage growth has remained largely stable in recent months, whereas there are signs of a slowdown in residential real estate prices,” it said Thursday. “The vulnerabilities on the mortgage and real estate markets persist.”