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Swiss home prices reaching level of '89 bubble

Published Wed, Jan 22, 2014 · 10:00 PM
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[ZURICH] Prices in Switzerland's booming housing market are approaching a level last reached in 1989, shortly before a slump in values that hurt the economy for years, UBS said.

Residential-property values are about 5 per cent lower than the market's peak when adjusted for inflation, the Swiss bank said in a report on Tuesday. Even so, price increases slowed to less than…

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