Swiss Voters Support $2.1 Billion Tax Relief for Homeowners

In a referendum, Swiss voters have overwhelmingly supported a $2.1 billion tax relief plan for homeowners. The plan aims to abolish a century-old system of taxing property in the country. This move is expected to reduce the dues paid by homeowners and potentially lead to an increase in real estate prices. The tax reform was supported by 64.9% of the voters, indicating a strong public mandate for the change. The current property tax system has been in place since the early 20th century, and the government believes that the reform will provide much-needed relief to homeowners and stimulate the real estate market. The tax relief is part of a broader effort by the Swiss government to address the country's housing affordability challenges and promote homeownership. The decision reflects the public's desire for a more favorable tax environment for property owners, which could have significant implications for the Swiss housing market in the coming years.