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Table 4 Descriptive statistics

From: Interest rates and real estate prices: a panel study

Variable

Min

Max

Mean

Median

SD

Rental prices apartments (CHF/sqm p.a.)

118.27

346.03

191.24

186.37

37.15

Prices owner-occupied flats (CHF/sqm.)

2364.80

13,353.46

5429.45

5016.81

1742.09

Prices houses (CHF/sqm.)

2618.94

11,547.05

5146.95

4839.26

1553.40

Rental prices office space (CHF/sqm p.a.)

97.67

481.67

171.10

163.47

43.75

Rental prices industrial real estate (CHF/sqm p.a.)

45.23

191.25

102.09

100.81

24.09

Rental prices sales area (CHF/sqm p.a.)

101.99

462.02

189.42

177.10

54.68

Yields governmental bonds (10 Y) (%)

 − 0.49

3.22

1.26

1.12

1.12

Variable mortgage rates (%)

2.62

3.47

2.82

2.69

0.23

Fixed mortgage rates (10 Y) (%)

1.53

4.58

2.51

2.29

0.82

Spread residential (%)

2.92

4.94

4.01

4.04

0.52

Spread commercial (%)

2.81

5.20

4.18

4.31

0.61

Market rating rental apartments

1.00

4.90

2.99

3.00

9.43

Market rating owner-occupied flats

1.00

4.90

2.99

3.00

9.43

Market rating houses

1.00

4.90

2.99

3.00

9.43

Market rating office space

1.00

4.90

2.99

3.00

9.43

Market rating industrial real estate

1.00

4.90

2.99

3.00

9.42

Market rating sales area

1.00

4.90

2.99

3.00

9.43

Investment per resident (tsd.)

0.33

5.87

1.42

1.31

0.56

Housing stock (tsd.)

3.64

237.11

38.78

29.26

37.30

Firm stock (tsd.)

0.12

28.81

3.03

1.84

4.16

Vacancy rate rental apartments (%)

0.02

4.17

0.93

0.80

0.60

Vacancy rate houses and owner-occupied flats (%)

0.00

2.39

0.30

0.24

0.24

Supply number office space (%)

0.00

40.62

4.42

3.33

4.37

Supply number industrial real estate (%)

0.00

15.40

0.94

0.65

1.06

Supply number sales area (%)

0.00

34.12

1.19

0.78

1.51

Population growth (%)

 − 0.56

0.87

0.21

0.21

0.20

Economic structure (%)

0.25

0.74

0.48

0.47

0.09

Building applications rental apartments

0.00

18.25

2.77

2.37

2.21

Building applications owner-occupied flats

0.00

43.86

3.08

2.38

2.94

Building applications houses

0.01

27.48

1.98

1.69

1.52

  1. All displayed values reflect variations across 106 MS-regions of Switzerland between 2005 Q1 and 2018 Q4. Fixed mortgage interest rates are only available for a limited time frame between 2008 Q1 and 2018 Q4