Tag Archive: Mortgage rules Switzerland

Switzerland’s home ownership illusion

When 10-year mortgage interest rates fall to 1%, home ownership becomes a very attractive alternative to renting. A recent report on home ownership shows why home ownership remains out of reach of the average Swiss household despite very low interest rates.The report, by Credit Suisse, says that despite the strong desire for people to own their own home, fewer and fewer households are able to afford them as the years go by.

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Bank drops plan to loosen Swiss mortgage restrictions

The bank Raiffeisen has dropped its attempt to reduce minimum deposit requirements for home loans, according to RTS. Last autumn, it unveiled plans to reduce loan deposit requirements. However, last week, the bank announced that FINMA, Switzerland’s financial regulator, was opposed to the idea.

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