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The increase in interest rates by a total of 250 basis points between September 2022 and June 2023 has greatly changed the environment for real estate investment. The rise in interest rates led to corrections in the Swiss real estate market in 2023. Compared to many foreign real estate markets, however, the corrections in Switzerland have been moderate due to the lower rise in interest rates and the solid fundamentals of the user markets.
Due to rising demand and declining construction activity, the Swiss rental housing market is…