Migros Bank accepts buyers who only have 10 percent equity. But the concept is controversial.
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Experts warn of overheating: Within a year, the prices of single-family homes have risen by 11 percent.
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“Nine out of ten Swiss households cannot afford to buy their own home. We are here to change that.” This bold announcement can be found on the cactous.ch website. And it goes on to say: “We at Cactous are working flat out to make our vision of home ownership come true for the general public.”
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