Property prices in Switzerland 'continue to rise'

Overseas property investors looking for a steadily growing market in which to buy a house might consider purchasing in Switzerland.

According to recent data from the Global Property Guide, the country is one of the few nations round the world to experience growth in property values over the last two years.

In 2007, the country experienced a 0.71 per cent increase in prices year-on-year but in 2008, this figure rose to four per cent.

During the final quarter of 2008, the cost of a home rose by 1.39 per cent compared with the same period in 2007.

The only places to exhibit greater year-on-year growth in 2008 were the United Arab Emirates and Shanghai, China.

This comes after Property Wire claimed more overseas real estate buyers are being encouraged to purchase holiday homes because there are a number of high-quality houses available in other countries.

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