The Swiss National Bank (SNB) has reduced its key rate for the third time in a row, which now stands at 1%. Consequence: borrowing will cost less. The reference rate, which partly determines the level of rents, could also decrease from December.
On Thursday, the SNB decided to lower its key rate from 1.25% to 1.00%, its lowest level since the start of 2023. Many analysts expected this drop.
>> More details in our article: Reassured about inflation, the Swiss National Bank further lowers its key rate
Although the announcement may seem quite abstract, it nevertheless has very real consequences for the wallets of the Swiss population.
For those who wish to invest in real estate or simply find a little place to call home, the lights are green with this new reduction. Borrowing will indeed cost less.
“Today you can have credit [hypothécaire] for about half the price you would have had to pay a year ago”, assures Laurent Pannatier, director of the Proximmo agency.
“The right time” to buy
The potential buyer who accompanied him that day to visit a building in Lutry (VD) also seemed confident. According to him, “it’s a good time” to buy, because mortgage rates “are going to go down further.”
>> La Matinale’s explanations:
For the moment, the banks are also playing the game, with notable declines since the start of the year. The rate for a 5-year mortgage thus increased from 2% to approximately 1.5%.
However, this does not prevent banks from pocketing a bigger profit, says Lukas Vogt, director of Money Park. “It remains possible for banks to make more attractive offers,” believes this mortgage financing specialist, who advises “negotiating” to obtain better offers.
However, two obstacles remain: property prices have not fallen and banks’ requirements, such as having 20% of equity, remain unchanged.
Radio subject: Virginie Langerock
Adaptation web: Doreen Enssle
Related News :