According to UBS, the risk of a real estate bubble is particularly high in the major capital.
(Photo: Imago Images/ Hannes B. Albert)
Zurich The shift in interest rates should stop the real estate boom. This is what the experts at the largest Swiss bank believe UBS In a study presented last Wednesday. Accordingly, prices in many major cities are very high and increased further in the first half of 2022. But due to the increasing financing costs, fewer and fewer people can afford to buy a home.
“New imbalances are emerging with the shift in interest rates,” says Matthias Holzi, head of real estate investing in Asset Management at UBS. If fewer and fewer buyers can push the higher prices, there is a risk of a correction – the real estate bubble threatens to burst.
Real estate prices in major cities: Is the real estate bubble bursting?
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