'Hot spot property prices unsustainable, report says

16th December 2010, Comments 0 comments

In its latest real estate report for Switzerland, Credit Suisse says high prices for condominiums in places such as Geneva, Zurich and Zug are unsustainable, though it says there is no sign yet of a nationwide property bubble. And it concludes that a decline in supply coupled with continuing strong demand will maintain upward pressure on the cost of apartments in the coming year, despite an expected uptick in interest rates.

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