The worrying Swiss real estate impasse – Le Temps

The worrying Swiss real estate impasse – Le Temps
The worrying Swiss real estate impasse – Le Temps

While in Geneva, Lausanne or Zurich, decent housing is becoming an unaffordable dream for an entire segment of the population, letting go of the reins that hinder developers and push back new construction may seem tempting. Once again, the comparison is not entirely correct: in Switzerland, it is not the retention of real estate but primarily the smallness of the country and its demographic expansion that poses a problem.

There remain some disturbing similarities. Many point to the accumulation of regulations which, without revision of the old ones, form a hellish territorial puzzle. Not to mention the famous “not in my garden” which slows down, or even destroys, many initiatives. Ten years after its approval, the new national approach aimed at densifying rather than sprawling the territory is taking too long to keep its promises.

video In video – Real estate: Why are young Swiss people no longer buying?

A political time bomb

Speeding up procedures, raising buildings, converting abandoned commercial spaces into residential areas, encouraging intergenerational exchanges… Listed in February during the round table organized by Federal Councilor Guy Parmelin, avenues exist. Now it’s all about moving up a gear. As no providential recipe is to be expected, small streams will create at least a few rivers, good to take to relax (a little) the market.

It will take political voluntarism and a lot of compromise because that is ultimately also where the problem lies. By electoralism or ideology, the great Swiss real estate paralysis suits many elected officials, supporters of degrowth in the UDC.

Soon, the population will have to decide on the initiative “No Switzerland for 10 million!” tabled a few weeks ago by the country’s leading party. And we don’t see why people who can’t find housing would refuse it. A perspective that the Federal Council and parliament will have in mind when they examine this text. With, probably, a certain feeling of helplessness since the keys to this thorny issue are found above all in the cantons and municipalities.

In graphs: In graphs – Real estate: high prices which do not discourage all buyers

#Swiss

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