Sales of the real estate market in Switzerland have remained at a high level in 2012, according to the portal Property Wire. The prices for luxury housing in Geneva and Zurich declined significantly in 2012, but sales for the whole of Switzerland have risen, according to a recent report from the company Knight Frank.
Two distinct trends can be seen in the real estate market in Switzerland since 2007. German-Swiss cities (Zurich, Zug and Schwyz) experience a shortage of housing, which keeps prices stable. Prices for luxury housing in Francophone cantons, including Geneva and Vaud, decreased by 10% - 15%.
The report also shows that the Geneva’s property market showed in 2012 good results, and the Swiss real estate is particularly popular for investors from France, Spain and the UK.