Apartment building prices rise, office property prices stagnate
Select your language
Generated with artificial intelligence.
Listening:
Apartment building prices rise, office property prices stagnate
Market prices for investment properties in Switzerland varied in the second quarter of 2024. Prices for apartment buildings continued to rise, while prices for office properties remained stagnant.
Compared to the second quarter of 2023, prices for apartment buildings rose by 4.0%, according to the Zurich-based consulting and research company Fahrländer Partner Raumentwicklung (FPRE). Compared to the previous quarter, prices increased by 1.3%. Although the prices are still 10.0% below the peak of the first quarter of 2022, the price recovery continues.
+Get the most important news from Switzerland in your inbox
In contrast, office property prices largely stagnated in the second quarter of 2024, with a minimal decline of 0.2% compared to the previous quarter. However, prices rose by 4.0% compared to the same quarter of the previous year.
+Golden cages and rising rates: headaches for the Swiss rental market
Regional differences in property prices
The price trend for multi-family houses was upward in most regions compared to the previous quarter, with the most significant increase in Eastern Switzerland (+2.0%), followed by Basel and the Alpine region (+1.7% each), and Jura (+1.5%). Prices only stagnated in southern Switzerland (-0.3%).
+‘Myth’ of spiking Swiss rents comes under scrutiny
The market for office properties developed differently across regions. Prices rose sharply in Lake Geneva (+4.3%), Basel (+2.6%), and Central Switzerland (+1.9%). However, there were declines in Southern Switzerland (-4.9%), Zurich (-2.6%), and Eastern Switzerland (-0.5%).
Translated from German by DeepL/amva
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
More
Why Switzerland is among the ten fastest-warming countries in the world
More
In Switzerland four out of ten people have a migrant background – who are they?
More
Mennonite movement turns 500 in Zurich, where it all began
More
Suicides in Switzerland quadruple among older people
More
French gangs target luxury cars in Switzerland
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
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.