Temporary braking effect on the Swiss real estate market
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: Swiss property prices cooled at the end of 2024
Home prices in Switzerland rose only minimally in the fourth quarter of 2024. Over the year as a whole, however, home ownership has become more expensive.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
Temporärer Bremseffekt am Schweizer Immobilienmarkt
Original
In the last quarter of 2024, prices for condominiums rose by 0.5%, while prices for single-family homes fell by 0.2%, according to the transaction price indices calculated by real estate monitors IAZI and published on Thursday. Overall, this results in a minimal increase in value of 0.1%, according to the press release.
Despite this near standstill, residential property prices are expected to grow by 2.7% in 2024 as a whole. This increase is roughly in line with the long-term average.
Market upswing expected
Meanwhile, there has been a slight decline in investment properties. According to the press release, prices for direct real estate investments such as apartment buildings fell by 0.3% in the fourth quarter of 2024 compared to the previous quarter. Over 2024 as a whole, however, they rose moderately by 1.1%.
More
More
Home ownership in Switzerland booms while rentals stagnate
This content was published on
Residential property prices in Switzerland continued their ascent last year, albeit at a slower pace towards the end of the period.
According to the IAZI, however, the stagnation in prices is likely to be only temporary. The consultancy assumes that the favorable conditions, in particular falling interest rates, will drive demand for residential space both for rent and for purchase again in 2025.
IAZI only uses data on actual changes of ownership on the open market as the basis for calculating the index. The anonymised transaction data comes from banks, insurance companies and pension funds.
Translated from German by DeepL/mga
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, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Swiss Abroad
Aussie adoptee gains Swiss citizenship at 54 thanks to old envelope
This content was published on
Switzerland is one of the frontrunners at investing in technology start-ups, according to a study by the European Patent Office.
Geneva university challenges ‘hot Jupiter’ planetary theories
This content was published on
Research led by the University of Geneva challenges current theories about the formation of 'hot Jupiter' planetary systems.
Bankrupt debtors to get second chance in Switzerland
This content was published on
Over-indebted people in Switzerland will be offered a new chance to wipe the slate clean with new procedures to restructure debt.
Swiss drone flights suspended after India incident
This content was published on
Swiss army suspends ADS 15 reconnaissance drone flights following an incident involving a drone of the same type in India.
Zurich traffic signs get gender diversification makeover
This content was published on
The little men depicted on Zurich street signs are to be joined by women, pregnant women, lesbian couples or senior citizens with walking sticks.
This content was published on
A Swiss study suggests that the Gulf Stream hasn’t weakened yet, but it’s too early to sound the all-clear on future climate change.
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.