Published on October 2, 2024 at 8:53 p.m.
Just a week ago, the Swiss National Bank (SNB) lowered its key rate for the third time in a row. Good news for the high-yield real estate investment market which has seen institutional players return since the SNB started the ball rolling with rate cuts last March. This decision had an immediate effect in the field of real estate investment, which has been sluggish for two years. “The capital raisings even anticipated the decision to lower the SNB,” specifies Vincent Leroux, executive director Capital Market at CBRE Switzerland, during a conference organized Wednesday by the subsidiary of the American real estate consulting group. business.
In 2022, the sudden rise in the key rate to deal with inflation dealt a hard blow to the sector. But the reversal of the trend seems to be confirmed in 2024. Several signs suggested a monetary easing which was reflected in the evolution of the SWIIT index (the index of real estate funds listed on the Swiss stock exchange) which returned to the increase from the beginning of November 2023. Its value has since increased by more than 20%.
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