House prices in Germany and Switzerland

[AnonymousParticipant]

Two interesting charts illustrating house price changes in Germany and Switzerland in recent years. Meanwhile Spanish house prices have plunged.

GERMANY

SWITZERLAND

[AnonymousParticipant]

What does ” nominal ” means in the context ?

[AnonymousParticipant]

@shakeel wrote:

What does ” nominal ” means in the context ?

Before adjusting for inflation.

[AnonymousParticipant]

Thanks, I should have worked that out.

[The AustralianParticipant]

well in Switzerland there has also been a “safety view” with people buying assets there while the CHF strengthened a lot in recent years , both effects due to the EURO crisis.

Plus in Zurich there is a lack of new housing, while their economy is getting stronger.

[The AustralianParticipant]

in fact you can see prices climbed faster since the Lehman collapse

[AnonymousParticipant]

It helps that the housing stock in Switzerland is high quality and well maintained. This is obvious just walking along the street.

[angieSpectator]

Talking of property rises and bubbles, there’s a strong rumour going around today that George Osborne might pop some of London’s bubble when he delivers his Autumn Statement by imposing a Capital Gains Tax on Foreign Owned properties in London if they constitute 2nd homes which many probably are. It seems that foreigners have not had to pay CGT on profit on disposal of 2nd homes in the UK whilst Brits have to pay 🙄 He is of course saying nothing when questioned 🙄

[Author]

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