No. 4: The real estate market is more efficient than you would think
Economists have been analysing the ability of investment experts to forecast for over 100 years now and virtually always come to the same conclusion: the majority of forecasts are wrong. The most well-known analysis in the real estate sector comes from David Ling (2005), who evaluated 150 market reports for the United States and found that it would have been better to do the opposite of their recommendations.
There has not been a similar study for Switzerland. In its place, here is the forecast price development for office buildings and flat complexes by Fahrländer Partner from 2010, illustrating the trends back then.