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Swiss property market inching closer to bubble, says UBS

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Published Wed, Aug 6, 2014 · 10:00 PM

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    [ZURICH] Risks to the Swiss real estate market rose "marginally" in the second quarter as growth in home prices and mortgages outpaced that of income.

    The UBS Swiss Real Estate Bubble Index in April-June rose to 1.24 points from 1.22 points, according to a UBS AG statement on Tuesday. A reading above 2 indicates a bubble.

    "Risks for the Swiss economy have thus remained virtually constant at a high level for four quarters," Matthias Holzhey and Claudio Saputelli at UBS in Zurich said.

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