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The Swiss Housing Market

Author

Listed:
  • Steven C. BOURASSA

    (University of Louisville)

  • Martin HOESLI

    (University of Geneva, University of Aberdeen and Bordeaux Management School)

  • Donato SCOGNAMIGLIO

    (IAZI / CIFI)

Abstract

In contrast to many other countries, Switzerland generally has not seen soaring house prices in the 2000s and house prices have only recently started to diminish slightly. Also, Swiss authorities do not engage in trying to increase the homeownership rate much above its current relatively low level of 37.5%. In this paper, we present the main aspects of housing policy and finance in Switzerland which can help to explain these idiosyncrasies. We also analyze house prices and rents, and construct an index of residential land prices. The policies which are discussed in this paper may be useful to housing policy makers in other countries.

Suggested Citation

  • Steven C. BOURASSA & Martin HOESLI & Donato SCOGNAMIGLIO, 2009. "The Swiss Housing Market," Swiss Finance Institute Research Paper Series 09-16, Swiss Finance Institute.
  • Handle: RePEc:chf:rpseri:rp0916
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    More about this item

    Keywords

    Housing policy; housing finance; house prices; rents; taxation; homeownership; Switzerland;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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