Real Estate in Switzerland
-
Switzerland Property Market Bubble
SWITZERLAND, 2013/02/14 Swiss banks will presently have to set aside additional capital as buffer against risks stemming from surging prices in the housing market and huge mortgage deficit. Following a conference on Wednesday, the Federal Council ordered banks to create a capital buffer equivalent to 1 % of their risk-weighted, direct or indirect mortgage-backed positions secured by residential property in Switzerland. Banks are instructed to comply by September 30.
- Trending Articles
-
- EUROPE: Ball Corporation Debuts Three New Aluminium Beverage Can Sizes
- ZAMBIA: Zambia insists on fish import restriction despite deficit
- CHINA: Xi Jinping opens BRICS Summit in Xiamen, asks members to shelve differences
- SOUTH AFRICA: Nigeria and South Africa emerge from recession
- WORLD: How fair is our food? Big companies take reins on sourcing schemes
- ISRAEL: Netanyahu to pioneer new diplomatic grounds in Latin America
