Swiss Home Vacancy Rate Hits 20-Year High on Easy Policy

(Bloomberg) --

In Switzerland, the proportion of empty apartments and single family homes hit a two-decade high this year. With the central bank’s policy benchmark at -0.75%, yield-hungry investors have piled into the property market in a bid to compensate for meager returns elsewhere. That means excess supply in some areas and the Swiss National Bank has warned of a market correction.

To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss

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