Posted Fri Mar 06 11:29:00 UTC 2009

Well, it is no secret that for decades Switzerland has been well known for its awesome ski resorts, picturesque scenery and its status as a financial hub, although this changed (or might change) a bit due to financial turbulence’s and the pressure on the famous confidentially in banking.


Over the past years, Switzerland gained recognition for being a strong housing market that has almost defied the global downturn and where business is booming. Strong demand for upmarket homes, partly driven by the limited supply, has propeller up prices in the past years. According to the Swiss firm Wüst & Partner, average house prices in Switzerland rose by nearly 4 percent from 2007 to 2008, against a backdrop of falling prices elsewhere in Europe. Although we are experiencing a leveling of the market with price corrections in some parts, where prices have risen more steeply owing to limited supply and a surge in foreign buyers in recent years, but in general the market still belong to one of the most stable and most attractive real estate markets in the world. Important to mention is, that there has never been a real estate bubble driven by speculations causing the steep decline of values like seen in other parts of the world. Prices have always risen on a consistent level. Buyers are showing particular favour for regions of Zurich, Geneva, Vaud, Valais and of course Ticino, made popular by its well-known Mediterranean climate and lifestyle around the lakes Lago Maggiore, Lago di Lugano and Lago di Como.

In a result of the continuing turbulence’s and uncertainties, the market has definitely turned to a ‘buyers market’ as sellers realize that if they have to sell a property, they will need to reduce their asking price and cannot expect to start with very high prices as of the last 2 years. Despite continuing uncertainties in the world financial system and a still dismal outlook for the economies, we can see key indicators point towards a stirring in the real estate market. While January was similar to previous years, since the beginning of February, Wetag has noticed an increased interest in the property market. We can see 2 factors contributing to this renewed interest – 1. Historically low interest rates and 2. An increased readiness of sellers to lower their asking sale price. In fact – if you are looking for a good investment or a second home, where you can enjoy great lifestyle, beautiful nature, great health care system and security – you have to consider Ticino as one of your choices. Ask for more information on this awesome spot in the world – we will tell you why to choose Ticino!

Posted By: Peter Rabitz