UBS Study: Only 15% of Swiss Residents Can Afford to Buy a House



Discover the shocking findings of a new housing study by UBS, revealing the challenges faced by Swiss residents in affording a home amidst housing shortages.

A recent housing study conducted by UBS has shed light on the challenging reality facing the majority of the Swiss population when it comes to homeownership. According to the findings, only around 15 percent of people in Switzerland have the financial means to purchase a house, a stark contrast to 20 years ago when 60 percent of the population had the potential to buy property.


UBS Study: Only 15% of Swiss Residents Can Afford to Buy a House

The study also highlighted the significant rise in average house prices in 2023, with the biggest increases seen in eastern Switzerland and Canton Fribourg. In contrast, house prices in Geneva and Basel experienced a slight decline. The report by real estate agent and consultancy Iazi further emphasized the high income requirements for purchasing a single-family home in Swiss cantons, with an annual salary of 100,000 francs now deemed necessary.

Unfortunately, the outlook for prospective homebuyers does not appear promising, as UBS predicts continued price increases due to factors such as a growing economy, rising demand for housing, low mortgage interest rates, and a persistent housing shortage. Rental prices have also been on the rise, with a 5 percent increase in 2023 and further increases expected if housing construction does not keep pace.

While Switzerland may not experience the same rapid house price growth seen during the pandemic, UBS anticipates a steady rise in costs in the coming years, particularly in 2025 as the economy continues to improve. The housing market in major Swiss cities remains challenging, with high income requirements and escalating prices making homeownership an increasingly unattainable goal for many.

The housing study by UBS paints a sobering picture of the current state of the Swiss housing market, with affordability continuing to be a major concern for the majority of the population. As prices rise and income requirements soar, the dream of owning a home in Switzerland becomes increasingly out of reach for many.

UBS Study: Only 15% of Swiss Residents Can Afford to Buy a House

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone


Portugal Bank Valuations Hit Record High in April

Discover how the bank valuation of houses in Portugal has been steadily rising since December, reaching an all-time high of 1,596 euros per square meter in April.

Discover how the bank valuation of houses in Portugal has been steadily rising since December, reaching an all-time high of 1,596 euros per square meter in April.

Read more

Home Buying in Spain Set to Increase 7%-10% in 2024, Reports donpiso

Demand for buying homes in vacation destinations in Spain is up by 30%, according to donpiso. Find out more about the latest trends in the Spanish real estate market.

Demand for buying homes in vacation destinations in Spain is up by 30%, according to donpiso. Find out more about the latest trends in the Spanish real estate market.

Read more

UK Housing Market: Rural House Prices Outstrip Towns in Great Britain

Countryside semis lead property market with 22% price growth in 5 years. Explore the latest trends in rural real estate.

Countryside semis lead property market with 22% price growth in 5 years. Explore the latest trends in rural real estate.

Read more

Landlords Call for Rogue Tenant Register to Safeguard Properties

Leaders Romans Group research reveals landlords' push for a tenant register to track problematic tenants. Protect your property investments now.

Leaders Romans Group research reveals landlords\' push for a tenant register to track problematic tenants. Protect your property investments now.

Read more

The Shocking Truth: Rents in Spain Have Doubled in These Areas

Discover the regions, cities, towns, and neighborhoods in Spain where rents have more than doubled in the past decade. Find out why prices have skyrocketed.

Discover the regions, cities, towns, and neighborhoods in Spain where rents have more than doubled in the past decade. Find out why prices have skyrocketed.

Read more

UK Housing Market: Surging Interest in Scottish Real Estate Despite Taxes

Despite the high tax burden, demand for Scottish property remains strong. Find out why investors are still flocking to the market.

Despite the high tax burden, demand for Scottish property remains strong. Find out why investors are still flocking to the market.

Read more

Homeowners at Risk: Banks Listing Houses for Sale Amid Mortgage Crisis

Explore the urgency faced by homeowners as banks prepare to sell houses due to mortgage struggles, highlighting the ongoing housing market challenges.

Explore the urgency faced by homeowners as banks prepare to sell houses due to mortgage struggles, highlighting the ongoing housing market challenges.

Read more

Netherlands Home Prices Surge 7.5% in April, Exceeding July 2022 Peak

Existing owner-occupied home prices in the Netherlands rose by 7.5% in April, surpassing the previous peak set in July 2022. Find out more from Statistics Netherlands and the Land Registry.

Existing owner-occupied home prices in the Netherlands rose by 7.5% in April, surpassing the previous peak set in July 2022. Find out more from Statistics Netherlands and the Land Registry.

Read more

Young Canadians Fleeing Expensive Cities for Affordable Suburbs

Discover why young people in Canada are ditching expensive cities like Toronto for more affordable suburbs and cities. Read more here.

Discover why young people in Canada are ditching expensive cities like Toronto for more affordable suburbs and cities. Read more here.

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.