The tightening of credit policy by the Swiss National Bank last year had a much smaller impact on the real estate market and mortgage loans than it did in other European countries. For this reason, Central Bank experts do not exclude the possibility of a price correction this year. In the residential real estate sector, prices have already fallen.
Experts believe that the current value of objects is overestimated by 15-40% relative to pre-pandemic levels. But it is important to consider that various factors put pressure on the price. Depending on the location, this is not only an opportunity to obtain a loan, but also the relationship between supply and demand in places where, for example, construction seriously lags behind the wishes of clients.