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Swiss rents and property prices up in 2020 due to pandemic
The pandemic had a significant impact on Swiss real estate prices in 2020, according to industry experts.
© Bogdan Lazar | Dreamstime.com
Contrary to initial fears that property prices would fall, prices have risen over the period. Over the year, the offer prices of stand alone houses rose by 5.6% while apartment prices jumped by 5.5% across Switzerland as a whole, according to the Swiss Real Estate Offer Index compiled by ImmoScout24.
2020 has shown once more that safe assets rise in importance during uncertain times, said Martin Waeber, managing director of ImmoScout24. The coronavirus pushed many to reevaluate their life situation, said Waeber. This led them to realise they want more space, and, where possible, to become home owners. This pushed up rents and home prices. ....

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