Switzerland's housing market moved further into the "risk zone" at the end of 2012, increasing pressure on authorities to tighten capital rules for the country's banks to curb a property boom.

The UBS Swiss Real Estate Bubble Index rose to 1.11 points in the three months through December from 1.02 points in the previous quarter, when it had a risk reading of above 1 for the first time since 1991

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