Switzerland refused to peg the Swiss franc to the euro, resulting a major change in exchange rates in the middle of January 2015. Overnight, the Swiss franc strengthened, and incomes of confederation citizens increased by 30%. Activity of Swiss investors has increased dramatically in the property market in London. For example, a house in Kensington got cheaper from 2.15 million to 1.86 million Swiss francs just in a day, the ee24.com informs citing telegraph.co.uk.
However, disadvantages still exist. "Increased" Swiss franc made ski resorts less affordable for tourists. In addition, the decision of the National Bank of Switzerland (SNB) also affected those foreign investors who took credit in this alpine country with indexation in Swiss francs as well as foreign owners of property in this country, their maintaining costs rose by one third in terms of local currency