The late and incomplete publication of rates confirms the uptrend started since the beginning of the year. In addition, the SARS coronavirus encouraged the banks, concurrently, to restore their margin. Some of them still do not receive clients physically, which impact the entire real estate chain whose restart of activity will take place in stages. Visits by future owners must resume in order that the situation is getting back to normal. Furthermore, as the reopening of the borders to Swiss customers is not a current topic, we must expect a significant inertia.
Another growing concern is the intervention policy of banks in terms of real estate financing. We have to face a two-speed development : the financial institutions for which access to home loans remain the priority while others announce a tightening of mortgage loan conditions. First-time buyers, whose contribution is limited, risk paying the price for these new policies.
