The SWX Swiss Exchange and the Information and Education Centre for Real Estate AG (IAZI) have signed a letter of intent that lays the cornerstone for a cooperative venture. In so doing, both organisations are making a significant contribution towards enhanced transparency in the trading and financing of real estate.
In a joint effort, SWX and IAZI will be marketing Swiss indices on single-family homes, freehold flats and multifamily housing. The indices have been developed by IAZI and will be calculated on a continual basis. As a result, indices compiled by a fully independent firm and based on actual real estate transactions will be available in Europe for the first time. Moreover, these unbiased indices will provide a credible foundation for derivative financial instruments.
IAZI will bear responsibility for compilation of the indices, while their publication and distribution will be in the hands of SWX, with marketing conducted on a co-branding basis. Publication of the indices will commence on 18 April 2007 and encompass the following five indicators:
- SWX IAZI Private Real Estate Price Index
- SWX IAZI Private House Price Index
- SWX IAZI Condominium Price Index
- SWX IAZI Investment Real Estate Price Index
- SWX IAZI Investment Real Estate Performance Index
