CREDIT SUISSE GROUP

CSGN
Delayed Swiss Exchange - 11:30 2022-12-05 am EST
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Credit Suisse Study Finds Swiss Property Market Holding Out Against Higher Inflation, Interest Rates

09/29/2022 | 05:29am
(MT Newswires) -- A Credit Suisse Group (CSGN.SW) study found that the Swiss real estate market is virtually unaffected by higher inflation and rising interest rates, with price increases recorded through late summer.

The Real Estate Monitor Switzerland report for the third quarter revealed Thursday that the real estate market remained resilient as a result of a limited supply of residential properties and a decline in the number of vacant rental apartments.

The study also found that more properties are likely to enter the market in the long term as baby boomers are estimated to pass on around 420,000 homes to the younger generations by 2045.

Meanwhile, the sharp increase in energy prices was noted to have fueled investments in energy-related conversions and remodeling of properties, including the installations of heat pumps and solar technology.

Credit Suisse fell 5% on Thursday morning.

MT Newswires 2022
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