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With rising mortgage rates, many property owners are asking themselves whether they should now reduce the debt and interest burden by paying off the mortgage. In its recently published article on this topic, however, UBS advises against this and recommends investing in longer-term capital investments with the liquid assets.

Overall, 2022 was generally positive for Swiss real estate investors. However, the consequences of the interest rate turnaround are already being felt. At the media conference for the publication of the latest IAZI Swiss Property Benchmark, IAZI CEO Prof. Dr. Donato Scoganamiglio said: “Last year, investments in real estate were the only asset class that did not crash.

Luxury Defined, the online magazine of Christie’s International Real Estate, sat down with the Co-CEOs, Mike Golden and Thad Wong, to discuss the current luxury property market and the trends that are shaping their outlook for the remainder of the year. Their conclusion: the luxury real estate market has shown little sign of slowing down thus far in 2023.