Swiss Finance & Property Group Quarterly Newsletter: Very Strong Swiss Real Estate

The market development in the first quarter of 2019 clearly exceeded our optimism. With a performance of almost 10% in the first quarter, the annual target has already been more than met. A solid sideways trend in the coming months must be regarded as a success under the given circumstances. From an economic point of view, this should be possible in principle. Although the SNB has now admitted that interest rates will be positive again sometime in the future, there is hardly any danger from this side. FINMA’s warning of the financing risks associated with investment proper- ties will not trigger any violent market movements either, as the relevant market share is far too small. It remains the case that the greatest risks are of a political nature, or if we were to lose our nerve in the event of minor disruptions. In other words, always breathe easy and keep a cool head so that prices may stay where they are.

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