The Swiss property market kept cooling in the second quarter, with UBS Group AG’s bubble index reaching its lowest since early 2015. The index slipped to 1, the level that divides the risk zone from the region indicating a boom. The prices of owner-occupied flats continued to decline despite of Switzerland’s robust growth and rising consumer prices.
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Based on the latest data from Europe, it seems a slowdown is nearing for the region.
Good Lord, Europe is slowing down as ECB wants wind down omo h/t @Nordea pic.twitter.com/hj0fFzamsK
— Alastair (@StockBoardAsset) August 6, 2018
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