Home ownership in Switzerland booms while rentals stagnate
Lake Geneva
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: Home ownership in Switzerland booms while rentals stagnate
Residential property prices in Switzerland continued their ascent last year, albeit at a slower pace towards the end of the period. Rents, on the other hand, stalled after two years of high inflation.
This content was published on
2 minutes
Keystone-SDA
Français
fr
La propriété cartonne, la location plafonne
Original
“Thanks to the sharp drop in financing costs and the very good prospects for a further fall in interest rates, demand should continue to rise at the start of the new year, and price trends should thus accelerate once again,” anticipates Fredy Hasenmaile, chief economist of the St Gallen banking cooperative Raiffeisen.
Over the past ten years, prices for both detached houses and owner-occupied apartments have risen by half. While the phenomenon was still alive and kicking nationwide in 2024, it was less pronounced in the urban hubs of Zurich (+3%) and, above all, the Lake Geneva region (+1%).
On the rental front, the Swiss Real Estate Offer index compiled by the Swiss Marketplace Group (SMG) and Cifi shows a 0.4% decrease, albeit due to a cumulative increase of more than 8% over the years 2022 and 2023.
The authors of the report also note a narrowing of the wide range of prices offered by region, with a decline in the most expensive areas such as Zurich (-3.1%) and the Lake Geneva region (-0.8%), and inflation in more affordable areas.
Translated from French by DeepL/ts
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.
Popular Stories
More
Swiss Abroad
The citizenship obstacle course facing spouses of Swiss Abroad
As a Swiss Abroad, how do you feel about the emergence of more conservative family policies in some US states?
In recent years several US states have adopted more conservative policies on family issues, abortion and education. As a Swiss citizen living there, how do you view this development?
Swiss nomadic people were victims of crimes against humanity, says government
This content was published on
The persecution of Sinti and Yenish in Switzerland in the 20th century is a crime against humanity according to current international law.
Swiss court finds ex-Gunvor executive guilty of corruption
This content was published on
The Swiss Federal Criminal Court sentenced a former executive at Gunvor oil trading group to a 24-month suspended prison sentence.
Young adults feel increasingly helpless, finds Swiss generation survey
This content was published on
Young adults in Switzerland believe they have less influence on the future development of society according to the latest Generation Barometer.
Swiss 2024 wine harvest was poor due to weather conditions
This content was published on
The 2024 wine harvest was the second worst in the last 50 years due to unfavorable weather conditions such as frost and hail.
Swiss Red Cross fails to recognise foreign osteopathy diplomas
This content was published on
The Swiss Red Cross did not adhere to the guidelines set by the court when examining foreign qualifications of an osteopathy training.
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.