Will the price still come down?
As far as I know, the device is available on the German Motorola website from 400 euros, which is considerably less than 470 francs.

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Answer

After 3 months, the device now costs only 249€ here.

Answer

The official € price of the 128 GB variant offered here is € 399.99 including German VAT. If you convert correctly and include CH VAT, you will get the device as of 17.8.2020 for CHF 403.54 instead of the CHF 469 offered here, i.e. almost 14 % cheaper.

Answer

Converted, 400€ is 505.- CHF as of today. 
This means that the German price is significantly higher.

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Question about Motorola Moto G 5G Plus

Will the price still come down? As far as I know, the device is available on the German Motorola website from 400 euros, which is considerably less than 470 francs.