“Today, real estate appears expensive. Relative to the future, it is very inexpensive.”
Invited by Edouard Clerc on his podcast L’After, our Senior Partner, Dr. Michel Dominicé, shares an in-depth analysis of the structural transformations driven by the knowledge economy and their implications for Swiss real estate.
At the heart of the discussion lies a strong conviction: the gradual transition from a tangible capital-based economy to one dominated by intangible capital — knowledge, innovation, technology, human capital — is fundamentally reshaping value creation dynamics. This transformation affects not only companies, but also territories, cities, and, by extension, real estate.
The episode explores in particular:
- The shift from tangible to intangible capital and its macroeconomic consequences
- The impact of the knowledge economy on real estate asset valuations
- The growing polarization between dynamic urban centers and peripheral areas
- The effects of rent control policies on the current housing shortage
- The possible evolution of interest rates, including a potential return to negative rates
- The role of Swiss real estate as a store of real value in a persistently low-yield environment
In a world where the scarcity of high-quality land converges with the accumulation of intangible capital, Swiss real estate may continue to play a strategic role in long-term value preservation and creation.
🎧 Listen to the episode: L’immobilier face au nouveau capitalisme – Michel Dominicé de Dominicé & Co – YouTube
