Apartments in Zurich cost around $19,000 per square meter, according to data from Properstar.
Transaction prices for apartments in the Zurich region rose 42.3% between 2013 and 2022.
UBS said Wednesday that there was a perception of property in the city as "concrete gold."
Renting an apartment in the city, meanwhile, cost around 47 Swiss franc ($58) per square meter, according to the Properstar data.
UBS said in its Global Real Estate Bubble Index 2023, released Wednesday, that an increasing number of high-income earners and ultra-low interest rates in recent years had helped push up property prices.
Organizations:
UBS, Service, Bloomberg, Henley & Partners, Wüest, Swiss National Bank ., Swiss, Google
Locations:
Zurich, Properstar, Wall, Silicon, Swiss, London, Lake Zurich, Switzerland