The construction boom goes on and on in Switzerland and the property market is overheating, especially when it comes to apartment blocks. The National Bank and the financial market supervisory authority, Finma are urging the banks to be cautious, as if interest rates were to rise sharply or the global economy were to unexpectedly fall back into recession, the bubble could burst. (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch |
Tags: