13.10.2016

Switerzland: low mortgage rates push for long-term

400Swiss mortgage rates are at a record low without any downward trend: this is the housing market's situation that emerges from the latest Mortgage Barometer carried out by the website Comparis.ch.

In the Q3 2016, the 10-year fixed-rate mortgages has again decreased slightly, dropping to 1.45%, 0.06% less than the previous three months. The same trend was also observed for five-year mortgages (from 1.11% to 1.09%) and for one-year (from 1,10% to 1.06%).

"In September we have observed, temporarily, a new slight increase: the rebound, however, lasted a short while," says the expert Marc Parmentier banking sector.
According to Parmentier, so that the rates will increase noticeably so again, it would be necessary that the Swiss National Bank (SNB) to abandon the policy of negative rates. However, at this stage, the SNB appears to rule out such a maneuver.

The cost of mortgages, currently at record lows, pushed the owners to favour long durations, chosen by 84% of customers in the third quarter, compared to 76% earlier this year. The short- and medium-term loans are less and less popular, falling respectively from 21% to 15% and from 3% to 1.6%.


The Comparis.ch data is based on reference rates of about 65 lenders, updated on a daily basis while funding applications submitted its affiliate HypoPlus were analyzed on the duration of the mortgage.

 

What do you think about this article? Leave your point of view on Facebook​


Events


Semptember 2015
  • 24
    Feb

    This year, following companies will attend: Evolution Mining / Perseus Mining / Panoramic Resources

  • 01
    Mar

    Are you considering doing an MBA or Executive MBA ? Then don't miss this opportunity and attend the

  • 02
    Mar

    Private Equity in Zug: Der langfristige Horizont von Private Equity Investoren

  • 02
    Mar

    The Lead Quantitative & Asset Management Event in Europe

  • 07
    Mar

    Festival für Trends und die Zukunftsperspektiven im Marketing

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI PR8569.36-0,19 %
LYXOR DAX INAV114.386-0,43 %
FTSE MIB Index18819.49-0,35 %
FTSE 1007271.37-0,42 %
CAC 404891.29-0,09 %
S&P 5002363.810,04 %
NASDAQ Composite5835.51-0,43 %
HANG SENG INDEX24006.81-0,45 %
Powered by Yahoo Finance