Swiss housing market stable, says SNB's Roth

The Swiss housing market is unlikely to perform as badly as its US counterpart in the coming months, Jean-Pierre Roth, the chairman of the Swiss National Bank's governing board, believes.

"It is important to recognise that the Swiss mortgage and real estate markets are very different from their US counterparts," Roth said. "Developments in the Swiss housing market have been relatively steady, despite the strong demand pressures discernible in certain regions. At present we do not detect any

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