Hartlepool, United Kingdom (PressExposure) June 08, 2009 -- The collapse of the Swiss economy could lead to increased occupancy of Swiss holiday properties, as more Swiss people are forced to look closer to home for their holiday needs.
"The Swiss economy has fallen into a deep recession and is badly in need of International Monetary Fund assistance to stay alive. With recessions goes unemployment and decreasing hours and salaries. This will mean less extravagant holidays for many, and we will likely see increased occupancy of Swiss holiday properties," said Erin Scott a trends analyst with overseas property portal Property Abroad.
This is an added benefit for the overseas investors who have bought Swiss holiday property in the last few years, and will also be looked at by those considering buying a Swiss holiday home investment this year while they can get a bargain.
British property buyers will also benefit from Sterling's current strength against the Swiss Franc.
"Sterling has been strengthening against the Swiss Franc in the past few months, after plummeting downward before that," said Chris Redfern, chief account executive with Moneycorp.com.
"Last July 1 Pound Sterling was worth 2 and a half Swiss Francs, at the beginning of this year it was worth just 1 and a half, but has since strengthened to 1.75, and we forecast that it will continue to strengthen throughout this year," he added.
For British residents considering buying Swiss holiday property this translates to Swiss properties being 25% cheaper than they were at the start of the year. This could also have an effect on Swiss holiday property occupancy as Sterling's strength against the Swiss franc also translates to cheaper Swiss holidays for British residents.
Property Abroad.com is currently advertising dozens of Swiss holiday properties for sale, find out more by visiting the site.