Residential property prices in Switzerland rose sharply in the final quarter of 2020, and by an average 2.5% for the year as a whole, according to the Federal Statistics Office.
This content was published on
1 minute
Keystone-SDA/jc
This is according to the Swiss Residential Property Price Index published for the second time by the FSO on Tuesday. The new index climbed by 2.3% in the fourth quarter compared to the previous quarter, representing an overall increase of 3.1% on the same quarter of the previous year, the FSO saidExternal link.
Prices rose by 3.1% for owner-occupied apartments, both compared to the previous quarter and the previous year. For single-family houses they rose 1.5% in the fourth quarter compared to the previous one. In both market segments, prices rose across all types of communities, whether urban or rural.
The FSO’s residential property index measures the development of transaction prices for single-family houses and owner-occupied flats on a quarterly basis, with the data broken down by five types of municipality. The data for the calculation comes from the 26 largest and most active mortgage institutions in Switzerland.
Concerns about property speculation and the rising cost of accommodation in Switzerland led to a popular vote in February 2020 on an initiative for “more affordable housing”. It won 42.9% of the vote nationwide, but was ultimately defeated by a majority of 57.1%.
Popular Stories
More
Swiss Abroad
Switzerland’s priciest street makes room for a bakery shop
Should raw milk sales be banned or should consumers decide?
Swiss food regulations do not allow raw milk to be sold for direct consumption. However, a loophole allows 400 raw milk vending machines to do just that.
Is artificial intelligence an advantage or a disadvantage for workers?
What is your experience with AI at work? Have you already used it? Has it helped you work better? Or has it caused you more stress, more work or caused you to lose your job? Tell us about your experiences!
This content was published on
Researchers at the University of Zurich have used artificial intelligence to detect antibiotic-resistant germs for the first time.
Vatican reprimands Swiss bishops for their handling of abuse allegations
This content was published on
The Vatican has reprimanded several Swiss bishops in connection with allegations of sexual abuse and their handling of it, including cover-ups.
Regional bus travel authorised between Italy and Switzerland
This content was published on
Passengers on public regional bus services between Italy and Switzerland will be able to board and alight within both countries.
Switzerland still gets poor marks on fighting corruption
This content was published on
Switzerland is still not getting good marks from the Council of Europe’s Group of States when it comes to fighting corruption.
Swiss man released after arrest in connection with Austrian bomb threats
This content was published on
A 20-year-old Swiss man was arrested under suspicion that he sent emails with bomb threats against numerous institutions in Austria.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.