Swiss find Goldilocks formula for housing market

Zurich

WHEN it comes to the housing market, the Swiss might be achieving what Goldilocks wanted in a porridge: getting it just right.

Unable to raise interest rates for fear of pushing up the franc, authorities tackled a residential property boom with regulatory measures aimed at reining in exuberance. Three years on, the Swiss National Bank (SNB) can claim some success for now.

That makes Switzerland stand out for its imple…