Housing prices in Geneva are still going up

For what is worth, the Switzerland and Geneva series appear to be cointegrated.
Such a long-run relationhsip suggests that either rest of Switzerland prices need to increase a lot or that Geneva prices need to go down (or both).
If I were a hedge fund, I would be short on Geneva and long on the rest of Switzerland.
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More evidence that housing prices in Geneva are too high

The rental yield in Zurich is twice that of Geneva. This is not because rental prices are lower (they are basically the same) but because houses are much more expensive to buy: Here

Older posts: here, here; here

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Housing Bubble in Geneva

I've been claiming that there's in housing bubble in Geneva and that price will fall (here and here) and I've been trying to do an econometric study but I've not been able to get data, but look at this for the US, doesn't it look like a Geneva story?

Dastrup and Carson look at how the magnitudes of the price declines correlate with a number of other community characteristics such as overbuilding (as measured by growth in building permits relative to the local labor force), extent of subprime lending, owner-occupied units, and fundamentals such as median income. Dastrup and Carson find that all of these measures were statistically significantly related to the magnitude of the housing price decline. But by far the most important variable was the magnitude of the previous price run-up, which all by itself can account for more than half of the observed variance in the size of the price decline across different communities.

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Housing prices: Geneva versus Switzerland

This an update. The old post is here

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Family cost sharing in Switzerland

Here

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The 4th most expensive city in the world

Here

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Switzerland

Boot camp for new mothers!

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Shiller on bubbles

..and why it's hard to talk about them. In fact, I still think that the Geneva housing market is in the middle of a huge bubble, but nobody believes me.
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Maybe it's not a good time to buy a house in Geneva

This graph plots the evolution of the price of single family houses.

I found the data here.
Krugman on housing bubbles is here. Does Geneva look like a Zoned Zone?

BTW: PK thinks that the one linked above was one of his best pieces.

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