GenevaLunch » mortgages

SNB board member cautions mortgage seekers on low interest rates

Ellen Wallace — Fri, 23 Mar 2012 07:58:49 +0000

GenevaLunch.com Switzerland as safe haven continues for now, but don’t count on long-term impact ZURICH, SWITZERLAND – Current very low interest rates are not the “new norm”, Jean-Pierre Danthine cautioned in a speech to the Money Market Event in Zurich 22 March. Danthine is a member of the governing board of the Swiss National Bank. “As [...]

SNB board member cautions mortgage seekers on low interest rates © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

IMF tells Switzerland to tighten pension, mortgage rules

Ellen Wallace — Tue, 20 Mar 2012 21:58:16 +0000

GenevaLunch.com Too big to fail banks should increase capital base more quickly BERN, SWITZERLAND – The International Monetary Fund’s annual review of the Swiss economy holds no major surprises, but the IMF did warn of the risk of fallout from eurozone crises. It was firm that the country needs to heed its three recommendations, the federal [...]

IMF tells Switzerland to tighten pension, mortgage rules © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

New central bank head forceful on maintaining franc cap

Ellen Wallace — Tue, 07 Feb 2012 12:46:16 +0000

GenevaLunch.com ZURICH, SWITZERLAND – The Swiss central bank does not see any risk of inflation for Switzerland in coming months, nor any need to reduce the level of liquidity. However, distortions in the mortgage and real estate market could increase and the Swiss government will soon look at the possible need to intervene. Thomas Jordan, vice [...]

New central bank head forceful on maintaining franc cap © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

OECD tells Bern to discourage consumer debt, warns of real estate bubble

Ellen Wallace — Wed, 25 Jan 2012 17:29:32 +0000

GenevaLunch.com Possible overheating in real estate: tighten mortgage requirements, gov’t told BERN, SWITZERLAND – The OECD (Organization for Economic Cooperation and Development) 2012 report on Switzerland, issued this week, cautions Bern against allowing consumer debt to build and warns that the real estate market may be overheating., The report’s overall assessment is that while Switzerland is [...]

OECD tells Bern to discourage consumer debt, warns of real estate bubble © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Financial consultants: Blackden Financial

Marie Joséphine Guillet — Thu, 12 Jan 2012 10:54:37 +0000

GenevaLunch.com Blackden is a boutique of Swiss-based financial advisers whose work includes expat mortgages and primary & secondary residences, pensions and taxation. Based in Versoix.

Financial consultants: Blackden Financial © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Time to ask for a rent cut, says tenants group

Ellen Wallace — Thu, 01 Dec 2011 18:52:56 +0000

GenevaLunch.com GENEVA, SWITZERLAND – You could be due for up to a 10 percent reduction in your rent if you haven’t asked for a cut since 2008, says Asloca, the Swiss tenants’ association, 1 December. It won’t come to you: you have to ask for it. The Swiss rental reference interest rate has fallen from 2.75 [...]

Time to ask for a rent cut, says tenants group © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Gov’t to move to cool Swiss real estate market

Ellen Wallace — Thu, 08 Sep 2011 07:07:07 +0000

GenevaLunch.com BERN, SWITZERLAND – The current very low interest rates in Switzerland run the risk of overheating the mortgage market and Wednesday the Swiss Federal Council underscored that it considers urgent the need for measures to reinforce macroprudential management. In particular, the government wants to ensure that the central bank and supervisory authorities have rapid access [...]

Gov’t to move to cool Swiss real estate market © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss mortgage rates remain low, but market increasingly scrutinized

Ellen Wallace — Fri, 17 Jun 2011 11:15:07 +0000

GenevaLunch.com ZURICH, SWITZERLAND – The Swiss National Bank 16 June joined the chorus of cautious voices warning of real estate markets overheating in some urban areas in Switzerland and the risks a sudden sharp economic downturn, not to be excluded despite current economic growth, could pose for banks as well as property owners. The central bank [...]

Swiss mortgage rates remain low, but market increasingly scrutinized © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss PostFinance continues growth, stays cautious on mortgages

Ellen Wallace — Mon, 09 May 2011 13:50:22 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) - PostFinance, the financial arm of Swiss Post, has attracted 18,000 new clients in the first three months of 2011 and its earnings are up 39 percent over Q1 in 2010, to CHF 181 million, Swiss Post announced 9 May. Customer deposits rose by CHF5.2 billion to CHF89.4 billion. “This increase lead [...]

Swiss PostFinance continues growth, stays cautious on mortgages © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Reality of budget cuts hits UK

Ellen Wallace — Mon, 28 Jun 2010 08:30:25 +0000

GenevaLunch.com The reality of what the budget cuts, put in place by the new coalition government in Britain, really mean is making headlines in the UK: the National Health Service and disability insurance are likely to see sharp cuts. Meanwhile, new measures agreed to by the G20 to increase bank capital requirements could mean £130 million [...]