...but Heading for Stormier Weather...
10/03/2009
The Gstaad Real Estate Market is different from the Swiss
Market. Nevertheless, the following article found in the
Finacial might help your analysis:
Switzerland's real estate markets will not emerge from
the global financial crisis unscathed. However, the economists at Credit
Suisse do not expect any major upsets in 2009, especially given that
the Swiss real estate markets are in a good state of
health and that there
have been virtually no excesses here in the last years.
The housing market is the most stable segment. Here, the wave of immigration
into Switzerland is still having beneficial effects. Although these will
be less pronounced than in 2008 - a record year - they will prevent any
sharp fall-off in demand. On the market for commercial space, however,
the prospect of substantial job reductions coupled with the end of the
consumer boom will bring about a slump in demand. Besides, the market
will have to cope with an increasing supply of office space for cyclical
reasons. In the retail sector, the current downsizing of existing space
is set to accelerate due to ongoing floorspace expansion.
Whole
article:
The FINANCIAL
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