Credit Suisse, in cooperation with MoneyPark and PriceHubble, has incorporated two new digital services into its Property Cockpit: Information on real estate valuations and the option to sell properties. The new features are available in Online Banking and the CSX mobile app, and represent a significant milestone on the journey toward a comprehensive digital real estate service package that supports homeowners throughout the entire homeownership life cycle.
The Property Cockpit, first launched in July 2022, can be used free of charge by all private clients domiciled in Switzerland via Online Banking and the CSX mobile app. These clients can now discover the current market value of their home, gain important insights about their neighborhood (e.g. noise levels), view building projects nearby, keep track of their mortgage, and get a real-time indication of the market demand for their property. The solution for dynamic market assessment developed by PriceHubble AG also allows clients to carry out simulated property valuations. For example, clients can gauge the impact of a renovation on their property's value by providing just a few details. This is a crucial step toward a digital self-service ecosystem that simultaneously enables an improved holistic advisory model.
Clients interested in upsizing to a larger property, downsizing to an apartment in the city, or considering a move abroad can directly identify qualified potential buyers, initiate a sale digitally, and benefit from personalized advisory services from Credit Suisse as well as professional, end-to-end brokerage services from MoneyPark AG. Throughout the entire process, clients can easily track the status via the Property Cockpit within their Credit Suisse Online Banking portal and the CSX mobile app.
Roger Suter, Head of Private Banking Switzerland at Credit Suisse, comments: "The consolidated overview in the Property Cockpit provides clients with full transparency, control, and insights so that they can assess their real estate situation. It also allows our client advisors to provide comprehensive wealth advice tailored to the needs of our clients."
"These innovative features developed in cooperation with MoneyPark and PriceHubble are a crucial step toward a comprehensive ecosystem that consistently takes into account our clients' need for a transparent and seamless service in regard to the valuation, sale, and financing of real estate – easily, clearly, and completely digitally, from a single source," addsï¿½Anke Bridge Haux, Head of Personal & Business Banking at Credit Suisse.
Over the coming months, additional features will be launched to expand the scope of our digital real estate platform. The focus will be on enabling clients to search for new properties, assess their affordability, and review financing options in transitional phases.
Further information about the ecosystem can be found atï¿½www.credit-suisse.com/mortgage.
Credit Suisse is one of the world's leading financial services providers. The bank's strategy builds on its core strengths: its position as a leading wealth manager, its specialist investment banking and asset management capabilities and its strong presence in its home market of Switzerland. Credit Suisse seeks to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. The bank employs more than 50,000 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found atï¿½www.credit-suisse.com.
MoneyPark is the leading mortgage and real estate specialist in Switzerland, and has more than 300 employees. The young FinTech company offers comprehensive and custom-tailored mortgage and real estate solutions in combination with personal advice and cutting-edge technology. It provides independent expertise to assist its customers with the search for and financing of properties, as well as during the ownership phase and the sale of properties. MoneyPark has the largest selection of financing solutions available in one place, with mortgage and pension products from more than 150 providers including banks, insurance companies, and pension funds. Independent advice is provided through a network of more than 20 branches in Switzerland, via telephone, or online. MoneyPark offers institutional investors comprehensive mortgage solutions thanks to efficient sales and portfolio management.
PriceHubble is a Swiss B2B PropTech company that develops innovative digital solutions for the real estate industry based on property valuations and market insights. PriceHubble's product portfolio uses Big Data, cutting-edge analytics, and attractive visualizations to bring a new level of transparency to the market. In this way, the company enables its clients to make real estate and investment decisions based on the most precise, data-driven insights (such as valuations, market analyses, value forecasts, and building simulations) and to improve the dialog with end consumers. PriceHubble's digital solutions are designed to support all of the participants along the entire real estate value chain (banks, asset managers, developers, property managers, and real estate brokers). PriceHubble is already active in ten countries (Switzerland, France, Germany, Austria, Japan, the Netherlands, Belgium, Czechia, Slovakia, and the UK) and employs more than 180 people worldwide.
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
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