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Official gazette: the right wants to limit the transparency of property transactions

In the Geneva parliament, a Centre party bill aims to remove the price and names of some property sales from the official gazette.

The key point: In the Geneva parliament, a Centre party bill aims to remove the price and names of some property sales from the official gazette.

The bill

  • Properties concerned: houses and small buildings with three homes at most.
  • Reason: reduce the risk of home-jackings and burglaries.
  • Timing: MPs postponed the debate.

The arguments

  • For: according to Suissenégoce, one third of Trafigura employees were burgled in five years.
  • Against: transparency helps fight property speculation.

Key figures

  • 3 homes: maximum size of the properties concerned.
  • 1 in 3: Trafigura employees burgled in five years, according to Suissenégoce.

In short

Owners’ security clashes with market transparency. The Grand Council’s decision is postponed.

Read the full article on Tribune de Genève →

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