A recent interest rate cut by the Swiss National Bank has positioned Zurich to potentially surpass Hong Kong as the world's most expensive city for real estate. With the key interest rate halved to 0.5 percent, home prices in Zurich are expected to rise by 3.5 percent in 2025, further increasing the financial burden on young families seeking home ownership. As prices in Zurich outpace those in major cities like New York, Paris, and London, the real estate market is poised for continued growth despite concerns over affordability.
The Swiss National Bank (SNB) has cut its benchmark interest rate by 50 basis points to 0.5% to combat low inflation, which is projected to fall further. Analysts anticipate additional cuts, potentially bringing rates to zero by mid-2025, as the SNB signals readiness for further monetary easing amid economic uncertainties.
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