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In the global marketplace for luxury real estate, just what does $1.5 million buy? That’s the question Luxury Defined, the online magazine of Christie’s International Real Estate, was answering in an article recently published.

According to IAZI AG, the Swiss real estate market shows no signs of weakness in the 3rd quarter of the current year. The evaluation of current freehold transactions shows that the willingness to pay for houses and flats has risen again, the company writes.

In a study by the Federal Office of Housing (BWO) and other partners, possible causes for rising housing costs in Switzerland were investigated. The housing market was divided into two segments, the owner-occupied and the rental market, and therefore both the prices for residential property (single-family houses and condominiums) and net rents offered were taken into account.