Fig. 3
From: How does immigration affect housing costs in Switzerland?
Source: Own calculations based on data from Wüest Partner and Federal Statistical Office
Growth rate of housing price indices and immigration in Switzerland, 1985–2016. Notes: \(\Delta \text {ln} x\) denotes the annual change in the log of the price index x, where HP stands for single-family homes, AP for owner-occupied apartments and RP for rented apartments. \(\Delta I_t / Pop_{t-1}\) is the annual change in the stock of foreigners relative to the initial population. Aggregate data for entire Switzerland.