- Swiss GDP grew 1.0% in 2017, with an estimate for 2018 currently at +2.0%. Inflation is projected to stay positive in 2018 (+0.6%).
- First signs of rise perceived on interest rates: mid-February, the 10-year Swiss Bond reached its highest level since June 2015 (0.14%).
- Increasing pressure on office assets as the stock of available spaces is growing in key cities (e.g. 186’000 sqm in Geneva ; 416’000 sqm in Zurich).
- Downward trends on both multifamily assets and private units, with pricing reduced by -1.5% and -0.9% in 2017, respectively.
- Uncertain year-start for indirect real estate with a slight drop on SXI Real Estate Fund index (-1.9% YTD) and modest growth for the Share index (+1.8% YTD).
Swiss RE Environment Report
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