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Swiss housing bubble risk is at its highest since 1991: UBS

Published Tue, Aug 4, 2015 · 09:50 PM
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Zurich

THE Swiss property market, moving ahead while the economy shrinks, is in more danger of developing a bubble than at any time since 1991, UBS said in a quarterly study on Tuesday.

Negative interest rates have created excess demand for property as an investment, the Zurich-based bank said, which brings the housing market back into focus for the Swiss National Bank (SNB).

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