immo!nvest – Die Plattform für Standorte und Immobilien

Category: Business

  • The digital elite: the top 10 PropTechs in Switzerland 2020-2025

    The digital elite: the top 10 PropTechs in Switzerland 2020-2025

    1. properti
    properti is one of the leading Swiss providers of digital real estate brokerage. The company combines the expertise of experienced estate agents with its own platform (Propchain®), on which properties can be listed, brokered and linked with service partners. properti covers various segments: Luxury real estate, investment properties and commercial real estate. By digitizing the brokerage process, customers can find suitable properties more quickly and brokers can work more efficiently. The startup has received several awards as Switzerland’s #1 PropTech and shows how traditional sectors can be transformed with digital technology. The business model is scalable, both nationally and internationally, and the platform serves as a central hub for all players in real estate brokerage. Under CEO Levent Künzi, the company is growing continuously and establishing itself as an innovation leader.

    2. PriceHubble
    PriceHubble uses big data and artificial intelligence to provide accurate real estate valuations and location analysis. The company processes millions of data points and creates market forecasts to help investors, brokers and banks make decisions. With offices in Zurich, Berlin, Paris and Tokyo, PriceHubble has an international presence and shows that Swiss PropTechs are globally relevant. Strategic partnerships, such as with Check24 or WealthPark, further strengthen its market position. The Fintech Germany Award 2023 in the PropTech category underlines the company’s innovative strength. The company was able to significantly expand its market presence with Series B financing of USD 34 million. PriceHubble is a prime example of how data-driven solutions are revolutionizing the real estate industry.

    3. Crowdhouse
    Crowdhouse is the leading platform for crowdinvesting in Swiss investment properties. Investors can acquire shares in properties for as little as CHF 100,000 and thus benefit from the Swiss real estate market without owning the properties directly. The platform manages over 1,600 investors and a real estate volume of CHF 2.1 billion. The recurring investor rate of 55% is particularly strong, indicating trust and stable performance. Crowdhouse digitizes and simplifies the real estate investment process considerably. It offers detailed information on properties, forecast returns and transparency in management. The startup has thus created a scalable model that benefits investors and project developers alike.

    4. Flatfox
    Flatfox digitizes the rental process for apartments and houses in Switzerland. The platform enables owners, estate agents and property managers to create listings, manage interested parties and control communication centrally. flatfox was acquired by Mobiliar in 2021, underlining its market position and relevance. Brokers can use all major Swiss real estate portals via the platform, which significantly reduces the effort involved. Flatfox thus solves a classic problem in the real estate industry: fragmented and inefficient communication between tenants, brokers and administrators. The combination of an intuitive platform and integration into existing systems makes the company successful.

    5. Houzy
    Houzy offers a comprehensive digital ecosystem for homeowners. The platform supports users with valuations, renovations, planning and networking with tradespeople and service providers. It is free for users, while partners pay for referrals. With over 100,000 registered users and 3,500-5,000 new users per month, the platform shows enormous growth potential. Investors such as UBS and Baloise underline the confidence in the business model. Houzy makes it easier for homeowners to manage complex tasks that used to be time-consuming and confusing, combining digital tools with practical services. The startup has thus established a leading position in the Swiss home ownership segment.

    6. Archilyse
    Archilyse is an ETH spin-off that automatically converts 2D floor plans into 3D BIM models and analyzes them digitally. Over 100 qualitative features such as visual axes, lighting conditions and energy consumption are evaluated. This enables architects, investors and real estate developers to objectively assess the quality of a project. With YoY ARR growth of over 250%, Archilyse demonstrates high scalability. The software solves a fundamental information problem in architecture: the objective comparison of properties. The company combines technological depth with practical application and shows how digital tools can revolutionize planning and evaluation processes.

    7. viboo
    viboo develops AI-based thermostats and intelligent building automation solutions for non-residential buildings. The aim is to minimize energy consumption without compromising comfort. Pilot projects show energy savings of up to 22% and a CO² reduction of 13 tons per school. Over 5,000 thermostats are already in use, supported by funding of €3.3 million. The company combines sound research from ETH and Empa with practical solutions for the market. viboo shows how ClimateTech and PropTech can be combined in practice. Through measurable savings and intelligent control, the start-up is establishing itself as a leading provider in Switzerland.

    8. Scandens
    Scandens is an AI-based software solution for refurbishment and investment planning for buildings. It automatically simulates over 500 renovation combinations and simultaneously optimizes profitability and CO² reduction. The start-up addresses a key Swiss problem: the low renovation rate of buildings. Through partnerships, for example with HEV Zurich, the solution is also made available to private owners. As an ETH spin-off, Scandens combines technological depth with practical relevance. The company shows how AI can make renovation planning more efficient and sustainable.

    9. vyzn
    vyzn develops web-based 3D/BIM software for sustainability analyses in new construction and renovation projects. The platform supports certifications such as Minergie or SNBS and analyzes the entire life cycle of a building from construction to use to demolition. vyzn enables planners and architects to reconcile costs, sustainability and quality. The solution has been recognized internationally, including as a semi-finalist in the EXPO REAL Impact Awards. As an ETH spin-off, vyzn demonstrates the combination of academic research and practical application. The start-up is clearly positioning itself in a growing market segment for sustainable and efficient construction planning.

    10. Immowise
    Immowise digitizes the management of condominiums and owners’ meetings. The platform supports owners and property managers with budget planning, news communication, cost estimates and meetings. It simplifies previously fragmented processes and significantly reduces administrative work. Since its foundation in 2021, Immowise has expanded from western to German-speaking Switzerland. With practical solutions and a clear focus on the Swiss real estate market, Immowise offers increased efficiency and transparency for communities of owners. The company shows how digital tools can revolutionize traditional management tasks.

  • Temporary construction specialist expands into the Western Balkans

    Temporary construction specialist expands into the Western Balkans

    Hüttwilen-based Nüssli has opened its own office in the Serbian capital Belgrade. With this initiative, the company, which specialises in temporary structures, aims to expand its presence in the Western Balkans. According to a press release, the office opening also serves to prepare for Expo 2027, which will take place in Belgrade from 15 May to 15 August 2027.

    The theme of Expo 2027 will be: Play for Humanity – Sport and Music for All. With its experienced teams, Nüssli offers to support countries and organisations as a comprehensive partner from the conception to the realisation of pavilions and projects. The Thurgau-based company offers pavilion architecture, exhibition design and special solutions such as façade designs, sculptures and exhibits that can showcase countries’ presentations visually and spatially.

    Nüssli was responsible for five country pavilions at Expo 2025 in Osaka. Four of them received the Official Participant Awards from the Bureau International des Expositions (BIE) at the end of the Expo.

  • Telecommunications provider strengthens regional digital infrastructure

    Telecommunications provider strengthens regional digital infrastructure

    Datapark AG, based in Wil, has been part of EKT Holding AG, based in Arbon, since 23 February. The Thurgau-based energy supplier is also considering a merger with EKT and the integration of Datapark into its Digital Services division. The eleven jobs in Wil will be retained.

    As an internet service provider, Datapark has its own backbone as part of the internet in eastern Switzerland. It offers services for cable network operators, including network planning, internet connectivity, site networking and customer management systems.

    Datapark was founded in 1997 by André Otto and taken over by Martin Kaiser in 2020. With the takeover of the company by EKT Holding, Kaiser is now arranging his own succession. “The integration into the EKT Group offers several positive factors,” he is quoted as saying in the announcement. “On the one hand, we can further expand our strengths in operations, network technology and specialised solutions, and on the other hand, we benefit from the strong market position of the EKT Group. Together, we are creating an even more powerful, regionally anchored digital offering for our customers.”

    Andreas Plüer welcomes Datapark to the EKT Group. “With this long-established company, we are gaining a partner that has been setting standards in network technology, operations and customer service in eastern Switzerland for years,” the head of EKT’s Digital Services business unit is quoted as saying in the press release. Following the takeover, the EKT Group now employs 200 people.

  • Power generator continues to invest in flexible energy production

    Power generator continues to invest in flexible energy production

    According to a statement,Alpiq achieved net sales of CHF 5,920 million in 2025. In the previous year, this figure was CHF 6,366 million. Adjusted earnings before interest, taxes and depreciation amounted to CHF 572 million, CHF 310 million less than in the previous year.

    The Lausanne-based electricity producer attributes the significant decline primarily to the unplanned outage of the Gösgen nuclear power plant, in which it holds a 40 per cent stake. The nuclear power plant has been off the grid since May 2025 due to the modernisation of its water supply system. Energy trading generated a negative result of CHF 35 million in 2025. In the previous year, it had achieved a positive result of CHF 30.1 million.

    Alpiq’s financial position is strong, with an equity ratio of 61 per cent. The company is therefore focusing on further investments in its growth areas and is paying a dividend of CHF 230 million.

    “We are positioning Alpiq for the future: our strategy is focused on flexibility, modernising power plants and customer-oriented energy solutions,” CEO Antje Kanngiesser is quoted as saying in the press release. “This will consolidate our contribution to the future of energy in Europe.”

  • Building materials industry records profitable growth

    Building materials industry records profitable growth

    According to a statement, the Zug-based building materials group Holcim achieved annual sales of CHF 15.7 billion in 2025, representing growth of 3.0 per cent in local currency. Recurring EBIT (earnings before interest and taxes) rose to CHF 2.88 billion (10.3 per cent). The recurring EBIT margin improved by 80 basis points to an “industry-leading” 18.3 per cent. Earnings per share before impairment and disposals increased by 5.0 per cent to CHF 3.22. There were sharp declines in consolidated profit (-73.4 per cent to CHF 387 million) and earnings per share (-73.1 per cent to CHF 0.70). This was “characterised by a non-cash effect caused by exchange rate changes on the divestment of Holcim’s business in Nigeria”.

    Profitable growth accelerated particularly in the fourth quarter. Recurring EBIT increased by 12.2 per cent to CHF 601 million in local currency. Quarterly sales amounted to CHF 3.82 billion, representing growth of 3.4 per cent in local currency.

    By product line, Building Materials recorded organic sales growth of 5.1 per cent to CHF 11.56 billion. Building Solutions, on the other hand, posted an organic sales decline of 1.6 per cent to CHF 5.85 billion.  Regionally, Europe saw a decline in sales (organic -2.4 per cent), while recurring EBIT rose by 7.4 per cent to CHF 1.47 billion. The margin was 17.0 per cent. In Latin America, sales grew organically by 4.9 per cent to CHF 3.09 billion, while recurring EBIT declined slightly by 0.5 per cent organically. In Asia, the Middle East and Africa, sales grew organically by 10.0 per cent to CHF 3.62 billion. Recurring EBIT rose organically by 20.5 per cent, with the margin reaching 24.6 per cent.

    An important growth driver for Holcim in 2025 was the 21 transactions completed, 18 of which had a value-enhancing effect. In the announcement, CEO Miljan Gutovic thanked the 45,000 employees: “Together, we have achieved all our goals for 2025.” For 2026, the Group expects organic revenue growth of 3 to 5 per cent and an organic increase in recurring EBIT of 8 to 10 per cent. The company also expects a further improvement in the recurring EBIT margin.

  • Federal government conducts consultation on location promotion

    Federal government conducts consultation on location promotion

    The Federal Council has opened a consultation process on the message on location promotion for the first time. According to a statement, it is set to run until 1 June 2026. The Federal Council is submitting five financing decisions to Parliament for the years 2028 to 2031, with a total volume of CHF 392.21 million. Location promotion is to be carried out through SME policy, tourism policy, regional policy, export promotion and location promotion.

    The focus is on three key areas of location promotion: reducing the administrative burden on SMEs through digitalisation, facilitating SMEs’ access to international markets and, finally, strengthening the regions economically. Among other things, the expansion of the EasyGov.swiss platform will create a marketplace for digital services provided by the federal government and the cantons. With regard to international markets, the federal government supports export-oriented companies with information, advice and the use of export risk insurance. In the area of regional location promotion, the federal government supports tourist destinations and economic projects in rural areas, mountain regions and border regions.

    Despite the high budget, planning shows a decline of 5.2 per cent compared with the previous period, taking into account the special Covid and recovery payments and the 2027 relief package.

  • First consultation on location promotion

    First consultation on location promotion

    For the first time, the dispatch on location promotion will be submitted to a consultation procedure, which will run until 1 June 2026. For the years 2028-2031, the Federal Council is requesting five financing decisions amounting to CHF 392.21 million, compared to CHF 428.83 million in the period 2024-2027. The instruments remain the same: SME policy, tourism policy, regional policy, export promotion and location promotion. The bottom line is that the budget, adjusted for special Covid payments and the 2027 relief package, will fall by around 5.2 percent.

    Easing the digital burden on SMEs
    One focus is on easing the administrative burden on SMEs by expanding digital government services. The core component is Easy-Gov.swiss, which is to be further developed into a marketplace for digital services from the federal government and cantons and positioned as a standard infrastructure for a “digital government” for companies. The aim is to simplify procedures, reduce duplication and ensure more efficient cooperation between the administration and business.

    Access to international markets
    Export promotion should provide SMEs with targeted support when entering new foreign markets and expanding existing ones. In an environment with increasing export hurdles and volatile framework conditions, there is a greater focus on information, advice, risk diversification and export risk insurance. At the same time, SMEs should be able to make better use of the opportunities offered by new and existing trade agreements.

    Strengthening regions as economic and living spaces
    The federal government wants to support economic development in all parts of the country with its location promotion. It promotes tourism destinations and economically oriented projects in rural and border regions. This enables them to remain attractive places to live and work. In this way, the Federal Council combines growth impulses for SMEs with balanced regional development.

  • Solar project combines own electricity and regional investment

    Solar project combines own electricity and regional investment

    According to a press release, the Schloss Turbenthal Foundation is enabling private individuals and companies to participate in its new solar power plant. This plant is being built on the roofs of the village for the deaf. With 150 solar modules, it is expected to generate 66,000 kilowatt hours of electricity per year. Half of the electricity will be consumed by the foundation itself.

    A large battery with a capacity of 100 kilowatts will allow electricity to be stored on days when there is plenty of sun and little demand. This electricity can then be accessed later by both the foundation and the grid company Swissgrid as balancing energy.

    Private individuals and companies can participate in the plant via the solarify.ch platform. They receive quarterly payments on their investment. “With this project, we are making a concrete contribution to sustainability and enabling the participation of the population from the region,” Marc Basler, general manager of the Schloss Turbenthal Foundation, is quoted in the press release.

    Solarify GmbH, based in Bern, is also responsible for project management, operation, insurance and maintenance of the plant, as well as electricity marketing.

  • Society for affordable housing aims to create permanently affordable living space

    Society for affordable housing aims to create permanently affordable living space

    The new real estate company GEW aims to raise private capital for permanently affordable housing for people with low to medium incomes in Switzerland. GEW was founded in December 2025 against the backdrop of an increasing shortage of affordable housing in Switzerland, according to a press release. It will develop, build, acquire and operate residential properties with rents in the affordable segment of the local market, which are to be below the 50th percentile in the respective municipality.

    GEW aims to contribute to social stability in Switzerland through its work. Rising rents, a lack of building land reserves, restrictive regulations and high land and construction costs have meant that housing production can no longer keep pace with demand. “When housing becomes a concern, new answers are needed,” said Reto Brüesch, Managing Director of GEW, in the press release. “We are convinced that the private sector can and must take on part of the responsibility with entrepreneurial thinking and a clear focus on the common good.”

    The GEW model is based on three pillars: efficient development and construction, cost-effective operation and low capital costs due to low risk. This creates an economically viable approach that combines affordable rents with entrepreneurially responsible investments. “Investing in GEW creates affordable housing in Switzerland while also generating a fair return and a positive social impact,” explains Daniel Kusio, Chairman of the Board of Directors of GEW. He is supported on the Board of Directors by real estate economist Donato Scognamiglio and Balz Halter, Chairman of the Board of Directors of the Halter Group.

    While municipalities can use GEW to create affordable housing without excessive financial burden, owners benefit from transparent models such as sale, building rights or contributions in kind. Investors, in turn, gain access to a long-term investment with a stable income structure.

  • Property portfolio grows despite stable income

    Property portfolio grows despite stable income

    The real estate company PSP Swiss Property has announced its 2025 business results. Property income reached 349.2 million, down 0.2 per cent on the previous year’s result. On a like-for-like basis, however, growth of 1.3 per cent was achieved, mainly due to index adjustments. Profit excluding property gains amounted to 225.4 million, or 4.91 Swiss francs per share. Net profit rose by 8.9 per cent to CHF 408.5 million, mainly as a result of higher portfolio revaluations of CHF 231.1 million. Earnings per share increased to CHF 8.91 and the dividend per share to CHF 3.95.

    The portfolio value rose to CHF 10.1 billion at the end of 2025, with 150 investment properties and ten development properties. The revaluation was mainly driven by successful lettings in high-street retail in Zurich and rising market tenant expectations in prime locations. The vacancy rate was 3.5 per cent. The average remaining term of leases (WAULT) was 4.9 years, and 5.3 years for the largest tenants.

    Overall, the Swiss market for commercial properties remained stable, according to the report. In 2025, high-quality office space in central locations was in particular demand. In Geneva and Zurich, demand for city centre locations remained high, while the markets in Bern and Lausanne remained stable. In Basel, the oversupply of office space continued. The investment market picked up over the course of the year thanks to moderately falling interest rates and improved financing conditions.

    PSP expects the market to continue to develop positively in 2026, with stable rental demand in its core business. According to the company, low interest rates are likely to support the transaction market, while high-quality properties remain in short supply. The company therefore intends to invest selectively, exploit opportunities with long-term value growth potential and continue its shareholder-friendly dividend policy.

  • Transformation programme proves effective at access technology specialist

    Transformation programme proves effective at access technology specialist

    Dormakaba generated total sales of CHF 1.362 billion in the first half of the 2025/26 financial year, i.e. up to 31 December 2025, representing a decline of 4.1 per cent compared with the same period of the previous year. While volumes were down, “consistent price realisation” resulted in organic growth of 2.0 per cent, according to a statement. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to CHF 211.9 million, 1.9 per cent less than in the same period of the previous year. The EBITDA margin, on the other hand, increased from 15.2 to 15.6 per cent.

    “In the first half of 2025/26, we continued to consistently implement our transformation and increased our adjusted EBITDA margin. We are on track with the implementation of our strategy and have realised the planned cost savings from our transformation programme ahead of schedule,” CEO Till Reuter is quoted as saying in the press release.

    The company confirms its forecast for the full year 2025/26. Dormakaba expects organic net sales growth of between 3 and 5 per cent, an adjusted EBITDA margin of more than 16 per cent and an adjusted operating cash flow margin of between 11.5 per cent and 12.5 per cent. This margin was 4.5 per cent in the first half of the year, compared with 7.4 per cent in the same period last year.

  • Startup accelerates engineering simulations with AI

    Startup accelerates engineering simulations with AI

    Hardware development and material testing today rely heavily on physics-based simulations for design, validation and production. These calculations often take hours or days and incur high costs, which delays projects and pushes back production launches. Engineers therefore often reduce model complexity to shorten calculation times, at the expense of accuracy and proximity to real operating conditions.

    Physics-aware AI for faster workflows
    Fainite is developing a physics-aware AI platform that speeds up and simplifies existing simulation workflows. The engine learns from physics-based simulations and can derive accurate predictions without relying on large historical data sets. Engineers set up new workflows in minutes, run simulations much faster and can intelligently reuse previous results, even with limited amounts of data. An integrated AI agent guides them through complex steps, suggests settings and makes advanced analyses usable for broader teams.

    cHF 150,000 for scaling and market entry
    The CHF 150,000 from the Venture Kick programme will be used to expand the technology to additional engineering disciplines and use cases and to build a scalable platform with next-generation functionalities. At the same time, the funds will strengthen the team structure and go-to-market activities in order to accelerate deployment at industrial companies. The company is thus addressing around 9 million hardware engineers worldwide whose work is currently slowed down by slow, complex simulation processes.

    Founding team with physics and AI expertise
    The start-up was founded by researchers and engineers from Caltech, ETH Zurich, the University of Cambridge and Google, including CEO Alex Donzelli, Chief Scientist Prof Burigede Liu and ML Lead Matthias Bonvin. The team is complemented by former executives from established simulation software manufacturers, bringing together in-depth expertise in deep learning, computational physics and industrial simulation platforms. According to Alex Donzelli, Venture Kick’s funding, feedback and network have been instrumental in moving quickly from technical validation to the first industrial applications.

  • Orientation in a tight property market

    Orientation in a tight property market

    Bilanz reminds us that the Swiss property market is still “bubbling”. The gap between supply and demand remains wide, and construction activity in many places is not sufficient to meet the demand for residential property. According to real estate surveys, experts expect prices to continue to rise in 2026, particularly for single-family homes and condominiums, while land prices in centres such as Zurich will reach new highs. At the same time, market indicators such as the UBS Swiss Real Estate Bubble Index are warning of increasing overvaluation risks, even though experts currently categorise the risk of an acute bubble as moderate.

    Why Bilanz has chosen the “Top Property Experts 2026”
    Local market knowledge and professional support are becoming increasingly important in this environment. Bilanz and the market research institute Statista have therefore once again identified the “Top property experts in Switzerland 2026”. The award was given to 125 companies that were recommended with above-average frequency in areas such as buying and selling, letting, property management, property valuation, client representation, financing and proptech. The best list is intended to help owners and buyers find suitable partners, from marketing a home to financing a new purchase.

    Recommendations from professionals and customers
    For the ranking, Statista surveyed industry experts and customers who have used property services in recent years. Based on over 2,000 participants, the 125 most recommended companies were identified and included in the list in alphabetical order. Additional key figures such as company size were also taken into account. Bilanz emphasises that the ranking does not replace a complete market overview, but offers a sound guide in a complex market.

  • Timber construction as an investment

    Timber construction as an investment

    Timber and hybrid buildings have established themselves as a serious alternative to energy-efficient solid construction. Studies conducted by Wüest Partner and Durable on behalf of Lignum and FOEN show that timber buildings can compete with solid construction in terms of construction costs and performance, although they are slightly more expensive on average. For investors, timber construction thus becomes a building block for achieving sustainability goals without sacrificing economic solidity.

    Costs, life cycle and risk profile
    In a cost comparison, the median construction costs of timber buildings are around 10 per cent higher than those of solid construction. In the lower price segment, however, the values are very similar. Energy standards such as Minergie-P have a greater influence on costs than the choice of load-bearing structure. In the short to medium term, timber buildings benefit from high cost security, lower operating and maintenance costs and a better deconstruction and reuse profile. Over very long periods of 80 years, the greater durability of mineral construction methods has a positive impact on costs, meaning that their life cycle costs are lower.

    Ecological advantage and Green Premium
    Ecological evaluations show that timber constructions reduce grey greenhouse gas emissions by an average of around 20 percent compared to a mineral twin, and significantly more for individual components. The effect is particularly large in the case of extensions, where timber construction enables significant CO₂ savings compared to replacement new builds and creates additional space at the same time. International meta-studies on certified green buildings also point to price and rental premiums as well as lower capitalisation rates, an indication that the market rewards sustainability as a risk buffer.

    Time as a yield driver
    The green premium in timber construction is primarily created by process advantages. A high degree of prefabrication, modular systems and digital planning significantly shorten the construction time. For investors, this means earlier returns and a reduction in construction and project costs due to the time factor. Model calculations estimate savings of around CHF 200 per square metre for a six-month time saving. At the same time, scheduling, coordination and weather risks are reduced, resulting in more stable budgets and more predictable cash flows.

    Strategic role in the portfolio
    Institutional investors such as specialised sustainability funds see the main added value of timber and hybrid construction less in rents than in ecological benefits, the reduction of stranded asset risks and robust ESG positioning. In existing buildings, timber construction scores particularly well in the case of extensions and redensification, where its lightness and prefabrication lead to superior overall economics. For yield-oriented investors, timber construction is therefore particularly worthwhile where process advantages, ESG strategy and location quality interact.

  • PropTech Switzerland 2025

    PropTech Switzerland 2025

    Around 430 PropTech companies are currently active in Switzerland, many of them with roots at ETH or EPFL. This is an indication of the strong focus on deep tech and research. A large proportion of the companies are still in the early stages of development, with around half generating less than CHF 0.5 million in annual revenue. Nevertheless, the majority of companies expect increasing revenues, which characterises the mix of young start-ups, growing scale-ups and established technology companies.

    Funding, segments and sustainability pressure
    Due to the high number of completed financing rounds in 2024 and according to estimates, several hundred million francs have flowed into Swiss PropTechs in recent years. Solutions for smart buildings, energy efficiency, digital transactions, data analysis and AI-based services are particularly in demand. Around a fifth of companies are active in digital brokerage, followed by smart building solutions and data and AI products. The area of sustainability and lifecycle management is becoming increasingly important, driven by ESG requirements and net zero strategies. A significant proportion of PropTechs now integrate environmental sustainability as a core function of their offerings.

    Internationalisation and visibility in the start-up ecosystem
    Between 30 and 40 Swiss PropTech companies are already active in European or global markets, exporting their technologies or testing them in international pilot projects. At the same time, PropTechs regularly appear in rankings of the most promising Swiss start-ups, where they are among the fastest-growing young companies. The picture is thus shifting from a niche to a visible growth segment in the national innovation ecosystem.


    Slow adoption meets increasing digitalisation pressure
    Despite scalable products, customer acquisition remains challenging. Decision-making and procurement processes in the property industry often take one to one and a half years, which delays market entry and stretches out roll-outs. At the same time, there is increasing pressure to digitalise processes, make better use of data and operate buildings more sustainably. From regulatory requirements to rising energy prices. For PropTechs, this creates a field of tension between long cycles on the customer side and the fast pace of technology and capital requirements.

    Europe as a growth lever and opportunity for Switzerland
    The European PropTech market is growing dynamically and is expected to expand its volume significantly by the end of the decade, driven by investments in AI, smart buildings and sustainable refurbishment technologies. Europe currently holds a substantial share of the global PropTech market, from which Switzerland can benefit disproportionately with its high level of innovation, strong university landscape and exportable solutions. Overall, the scene is small but highly innovative. It is in the process of professionalising itself, becoming internationally oriented and changing the real estate industry in the long term.

    Facts & Figures PropTech Switzerland 2025

  • Direct real estate strategies for family offices and investors

    Direct real estate strategies for family offices and investors

    Blacklake has founded Blacklake Investment Partners AG in Zug. Its aim is to provide real estate investors and family offices with direct access to real estate opportunities in Europe that are identified beyond traditional market offerings. “Blacklake Investment Partners focuses on real estate opportunities across Europe that are not accessible to the broader market due to their complexity or special circumstances,” said Christoph Schumacher, founding partner and new CEO of Blacklake Investment Partners, in a statement published by the investor portal “Trading View”.

    The business model covers all phases of the investment cycle, from analysis and transaction to the implementation of exit scenarios. The target group includes Swiss, German and international private clients, single and multi-family offices, and (semi-)professional investors. The founding team combines international investment, consulting and corporate management expertise, including at Credit Suisse, Swissair, Union Investment, KPMG and Ernst & Young Real Estate.

    The Zug-based company is affiliated with the Blacklake Group via Hamburg-based Blacklake GmbH and positions itself specifically as an interface between investment opportunities and capital. According to the information provided, the group has reorganised, repositioned, refinanced and transacted real estate and real estate financing with a transaction volume of around €3 billion for German clients since the end of 2022.

  • Rental prices rise only modestly in January

    Rental prices rise only modestly in January

    The Homegate rental index for advertised rents, which is compiled by the real estate marketplace Homegate in collaboration with Zürcher Kantonalbank (ZKB), measures the monthly, quality-adjusted change in rental prices based on current market offers. For January 2026, the index shows a slight increase of 0.2 per cent compared to the previous month. Compared to January 2025, advertised rents rose by 2.2 per cent across Switzerland.

    At the cantonal and municipal level, the picture is unusually varied. At the start of the year, rents were down in half of the cantons, particularly in Nidwalden (minus 2.7 per cent) and Schwyz (minus 2 per cent). In several cantons, this development followed a phase of one to three months of strong increases. Compared with the previous year, however, asking rents rose in all cantons, particularly in Graubünden (up 7.7 per cent), Glarus (up 6.4 per cent) and Valais (up 6.2 per cent).

    Cities also showed downward trends in January. Compared with December 2025, all cities showed unchanged or lower values. Rents fell particularly sharply in Geneva (down 1.2 per cent) and Lugano (down 1 per cent). Only Zurich recorded an increase in rents in January (up 0.5 per cent). As in the cantons, however, asking rents in all cities are above the previous year’s level. Rents rose particularly sharply in Lugano (up 7.6 per cent) and Lucerne (up 3.8 per cent) in 2025.

    Homegate is a platform of the SMG Swiss Marketplace Group. It brings together the digital marketplaces of TX Group, Ringier and Mobiliar.

  • Heating network in Aargau to undergo strategic development

    Heating network in Aargau to undergo strategic development

    AEW will take over the Hägglingen Zinsmatten heating network from the municipality of Hägglingen on 1 May, according to a press release. “We are delighted to continue providing reliable heating to the customers of the Hägglingen Zinsmatten heating network and to work together to develop the plant in a sustainable manner,” said Daniel Wernli, Head of Heat Production at AEW.

    The heating network, which has been in operation since 2007, supplies heat to 30 properties. Wood chips are used as the primary energy source. The plant’s wood boiler has an output of 450 kilowatts, and an oil boiler is also available. AEW estimates the average annual energy consumption at around 1,100 megawatt hours.

    With the Hägglingen Zinsmatten heating network, AEW now operates a total of 78 such plants in the canton of Aargau and neighbouring regions. The production capacity is more than 240 gigawatt hours per year, supplying a total of 17,000 households.

  • Swiss speciality chemicals drive expansion in the sealant market

    Swiss speciality chemicals drive expansion in the sealant market

    Sika has announced the acquisition of Akkim, a Turkish company specialising in adhesives and sealants. The Zug-based specialty chemicals group aims to expand its customer reach and strengthen its market position in the global adhesives and sealants industry. According to a statement, the acquisition is expected to be completed in the third quarter of 2026.

    Akkim, based in Istanbul with two production facilities in Turkey and Romania, distributes adhesives and sealants for the construction sector via a wide-ranging customer network. Established distribution channels in Eastern Europe, Central Asia, the Middle East and North Africa enable it to serve a broadly diversified customer base. According to the announcement, net sales in 2025 amounted to the equivalent of CHF 220 million.

    Sika expects the greater geographical reach to provide significant growth opportunities. “The acquisition will enable Sika to establish a highly efficient production and export hub for sales-oriented adhesives and sealants, which will support long-term growth in this segment,” the statement said.

    Sika also intends to use Akkim’s additional expertise and broad network to expand its e-commerce business and offer complementary products such as repair mortars and sealing solutions through cross-selling.

  • Defect rights and builders’ liens – important changes

    Defect rights and builders’ liens – important changes

    Kohler Law is a new boutique law firm specialising in construction and real estate law, constitutional and administrative law, and contract law. With over 15 years of experience in law firms in Zurich and Aargau, I advise and represent private individuals, companies and public institutions. As a sole practitioner, I guarantee a direct point of contact, high availability and advice tailored to your needs. My priority is to find efficient, practical and sustainable solutions.

    Sales contract law
    For movable items that are intended to be integrated into an immovable structure (e.g. building materials), there is now a complaint period of at least 60 days for obvious and hidden defects. The limitation period for defect rights remains five years, although a reduction in the period is still permissible.

    When purchasing land with new buildings that are yet to be constructed or are no more than two years old, buyers are now entitled to a mandatory right of rectification free of charge for the first time. In addition, obvious and hidden defects can now also be reported within at least 60 days of discovery. The rights relating to defects for all types of land purchases expire five years after transfer of ownership, and this period may not be shortened.

    Contract law
    In the future, a 60-day complaint period will apply to obvious and hidden defects in immovable works. This also includes defects in movable works that have been integrated into an immovable work, or defects in works by architects/engineers that form the basis for the creation of an immovable work. Another new feature is a mandatory right to free rectification; contractual exclusions or limitations, such as maximum amounts, are invalid. The five-year limitation period cannot be shortened at the expense of the customer; it begins with the acceptance of the work.

    Building contractor’s lien
    The lien secures payment of outstanding claims for remuneration for work performed by contractors. For owners, this can limit creditworthiness or mean a risk of double payment. The new rule is that security covering the principal claim and default interest for ten years prevents the registration of the lien. This introduces a clear, practical regulation that solves previous problems with unlimited interest guarantees.

    Entry into force and transitional law
    The changes will apply from 1 January 2026. Purchase and works contracts concluded before this date will continue to be subject to the old law; claims for rectification for new buildings completed before 2026 will only exist if contractually agreed. However, mandatory limitation periods and the new security rule in the building contractor’s lien apply regardless of the contract date.

    Recommendations
    It is definitely advisable to adapt all contract templates to the new law. When selling properties that are yet to be built, the purchase and works contracts should be aligned with each other in order to avoid contradictions between the liability under the purchase contract and the works contract. This applies in particular to works contracts concluded in 2025 if the property is not sold until 2026. Particular attention should be paid to SIA Standard 118, as this – unlike the statutory provisions – contains a prior right of rectification for the contractor.

  • Operational recovery shows effect in industrial environment

    Operational recovery shows effect in industrial environment

    According to a statement, the Schindler Group achieved sales of CHF 10.947 billion in the 2025 financial year, a decline of 2.6 per cent compared to the previous year. In local currencies, however, growth of 1.3 per cent was recorded. Order intake amounted to CHF 11.313 billion (-0.9 per cent, 3.1 per cent in local currencies). Adjusted operating profit in local currencies even rose by 12.3 per cent. Schindler generated a net profit of CHF 1.073 billion, an increase of 6.2 per cent.

    “2025 marks the final year of our operational recovery,” said Schindler CEO Paolo Compagna. “Four years after facing particular challenges in 2022, I am pleased to say that we have emerged from this phase as a stronger and more resilient company.”

    For the current year, Schindler expects “revenue growth in the low to mid-single-digit percentage range in local currencies.” The EBIT margin target is 13 per cent (2025: 12.6 per cent, adjusted EBIT margin 13.3 per cent). “Our priority for 2026 is to grow in a targeted manner and maintain our focus on further improving operating margins,” says Compagna.

  • Investor joins circular building materials developer

    Investor joins circular building materials developer

    Medley Ventures from Copenhagen is participating in a pre-Series A financing round for the building materials manufacturer Oxara, based in Dietikon. Medley Ventures is the venture capital fund of the founders ofTo Good To Go, an initiative against food waste. According to a press release, the investor is convinced by the combination of technological innovation, industrial scalability and real-world applicability.

    Oxara replaces CO2-intensive cement with circular binders generated from recyclable and previously unused construction waste. The company’s products can be easily integrated into conventional construction operations, according to the press release. Oxara intends to use the fresh capital to accelerate product development, certification pathways and industrial partnerships, enabling a broader market launch in Switzerland and international markets.

    “What convinced us was the vision behind Oxara: engineering excellence, real industrial impact and credible hope for a better future in construction. By making cement redundant and turning waste into a valuable resource, they are demonstrating that innovation can change the way we build,” Mathias Christensen, co-founder and CEO of Medley Ventures, is quoted as saying in the press release. Gnanli Landrou, CEO and co-founder of Oxara, sees the financing as strong endorsement from a company that is effectively committed to sustainability.

    As part of a Series A financing round, Oxara aims to raise CHF 20 million in fresh capital by March 2026.

  • Renewable energies drive long-term strategy

    Renewable energies drive long-term strategy

    The Zurich Cantonal Electricity Works (EKZ) has had a challenging financial year in 2024/25. According to the annual report, total output fell by only 4.2 per cent to 1,176.4 million Swiss francs. However, operating profit before interest and taxes fell by 64.9 per cent to 18.8 million.

    Nevertheless, profits rose by 24.9 per cent to CHF 186.3 million. According to astatement, this is a result of the company’s investments in the electricity producer Axpo and the Graubünden cantonal utility Repower. The canton and the municipalities with a stake in EKZ will receive a distribution of CHF 46.6 million, around CHF 9 million more than in the previous year.

    The decline in operating income is partly due to the drop in electricity production in Germany and France. Wind power production fell by 14.9 per cent to 517.9 gigawatt hours, while solar power production from photovoltaics fell by 11.5 per cent to 253.2 gigawatt hours.

    EKZ has continued to invest in the expansion of renewable energies in Switzerland. The Madrisa Solar plant in Klosters GR was partially connected to the grid. In Embrach ZH, construction began on the solar plant on the roofs of Embraport. In addition, 4,886 new private solar plants with a total output of 100.5 megawatts were connected to the grid. In the previous year, there were 3,839 systems with 77.7 megawatts. In addition, around 17,500 parking spaces in underground car parks were equipped with EKZ’s charging management system.

    Urs Rengel speaks of a strong annual result. “Uncontrollable fluctuations due to weather, prices, demand and market developments are part of today’s energy system and are likely to continue to increase significantly, both to the benefit and detriment of EKZ,” the EKZ CEO is quoted as saying in the press release. “Investments in production facilities have a long time horizon and we are convinced that they will make a valuable contribution in the long term.”

  • Housing promotion at federal level

    Housing promotion at federal level

    The federal government’s housing subsidy programme is about to be extended. A majority of the National Council’s Economic Affairs Committee supports the Federal Council’s plans to continue subsidising the Fonds de Roulement in favour of non-profit housing construction from 2030. As well as renewing the commitment credit for contingent liabilities in housing promotion for the years 2027 to 2033. Low-interest, repayable loans are used to support cooperatives and other non-profit organisations in the construction, renovation and acquisition of affordable housing.

    The majority of the Commission sees this as a proven, targeted lever against the tight situation on many housing markets, both in cities and in tourist regions. However, more far-reaching demands for a more substantial increase in the Fonds de Roulement or an increase in the commitment credit failed due to tight federal finances. A minority of the committee does not even want to discuss the proposals and points to the high level of immigration as the main cause of the housing shortage. In their view, the housing issue should be solved via migration policy rather than additional subsidies.

    The situation is much more complicated with the planned cost-rent model in the Housing Promotion Act. The Federal Council wants to introduce a simplified, legally clearly supported cost rent model for indirectly subsidised non-profit housing that consistently aligns rents with the actual financing and operating costs and strengthens state rent control. However, the Commission did not specify how this model should work in detail. In particular, which calculation methods, flat rates and room for manoeuvre should apply to the providers. As the Federal Council would like to regulate the structure at ordinance level, the Commission is calling for more clarity before making a delegation decision. Following consultations with industry associations, cantons and experts, it has suspended its deliberations until the cost-rental model has been largely finalised. A resumption is planned for the third quarter of 2026. Indirect subsidies via Fonds de Roulement and guarantees are likely to continue, while the course still needs to be set for a new cost-rent regime in non-profit housing construction.

  • Canton of Zurich continues to grow

    Canton of Zurich continues to grow

    The canton of Zurich continues to grow, but the major growth spurt of recent years is over for the time being. At the end of 2025, the civil resident population was 1,628,081 – an increase of just under 13,000 residents or 0.8 per cent compared to the previous year. Apart from the coronavirus years, this is the smallest increase since 2005 and thus a clear sign of a phase of more moderate momentum.

    Immigration most important growth driver
    Population growth continues to be driven primarily by immigration from abroad. Over 80 per cent of the increase is attributable to people of foreign nationality settling in the canton for the first time. Although net migration from abroad has fallen slightly compared to the previous year, it has returned to roughly the same level as before the war in Ukraine. The internal migration balance with the other cantons remains slightly negative and has hardly changed for several years. Zurich is losing about as many people within Switzerland as it is gaining.

    Births and deaths
    The birth balance accounts for less than a fifth of growth. Although initial estimates show a slight increase in births and a slightly lower number of deaths, the overall surplus remains low. This confirms the trend that the population is growing primarily “from the outside”, while the demographic momentum within the country is levelling off.

    Cities and small municipalities are growing the fastest
    The spatial picture is divided into two parts. Cities with a population of over 10,000 account for more than two thirds of growth. The city of Zurich alone accounts for almost a third of the cantonal increase, growing by 4,008 people. It was followed by Dübendorf and Uster, while Winterthur recorded the weakest growth since the turn of the millennium with an increase of 355 people.

    Relative to the size of the municipality, however, the small municipalities recorded the strongest growth. Flaach, Hüntwangen and Wila recorded growth rates of between 4 and a good 5 per cent, underlining the fact that even rural municipalities in the canton can benefit from the influx.

    Regions are shifting
    All regions in the canton are growing, but at different rates. Weinland and Furttal are leading the way with growth rates of 1.1 and 1.0 per cent respectively. Twice as high as in the Winterthur region, which will bring up the rear in 2025. While the areas close to the city in the north and east have recently seen above-average growth, the city of Zurich and the Limmat Valley are now above the cantonal average, while the Glattal and the Winterthur region are falling behind.

    Foreign population strongly characterised by Europe
    At the end of 2025, around 472,000 people of foreign nationality lived in the canton. This represents 29 per cent of the total population. Their number continues to grow, albeit at 1.5 per cent, the slowest rate since the introduction of full freedom of movement with the EU in 2007. Almost two thirds come from an EU or EFTA country, over 80 per cent from Europe.

  • New plants strengthen supply chains in growth markets

    New plants strengthen supply chains in growth markets

    Sika is manufacturing its products for the construction industry at five additional plants. According to its announcement, the specialty chemicals company, headquartered in Baar, sees this as an important step towards increasing production capacity and further strengthening its global supply chain in key growth markets.

    Sika has opened a new plant for concrete admixtures in Haines City, Florida. According to the information provided, the factory has the highest level of automation of all Sika admixture sites in the United States.

    In Puerto Tirol in the Argentine region of Chaco, Sika has inaugurated its eighth production facility in the South American country. After “several challenging years,” the local construction market has returned to a growth path, opening up new opportunities for Sika.

    In the Colombian city of Cali, a new factory produces mortar, tile adhesive, interior wall and acrylic coatings, and concrete admixtures. Production there will also be exported. Sika will also gain a foothold in the construction market in Bangladesh with a site in Narayanganj, benefiting from an estimated annual growth rate of over 7 per cent until 2029.

    In the Tanzanian city of Mwanza, Sika is banking on its location in an important and densely populated mining area. Accordingly, Sika produces special mortars for mining and construction, mortars, concrete admixtures and grinding aids for cement plants there. Sika serves local demand with the plant and exports to Burundi, Rwanda and the Congo.

  • New high-rise project boosts housing supply near the station

    New high-rise project boosts housing supply near the station

    Pensimo Management AG, based in Zurich, has acquired a building site from ABB in Oerlikon through its investment foundations Turidomusand Pensimo. According to a press release, the company plans to build a complex with 500 apartments, including a high-rise building and commercial premises, on the north side of Oerlikon railway station on the newly designed Max-Frisch-Platz.

    “We are very pleased with the acquisition of this property,” said Stefanie Krautzig, transaction manager at Pensimo, in the press release. “This is a very rare investment opportunity for a development project of this size in such a central location.” The building regulations for Neu-Oerlikon, which were partially revised in 2022, provide a good basis for planning and developing the area. “In order to evaluate an architectural solution for this central and prominent location that is attractive to the public and future residents, we will launch a competition among teams of planners,” said Krautzig.

    Construction is expected to begin in 2029. The seller, ABB, is also pleased with the sale of the former industrial site and is convinced that “this will contribute to the further development of Zurich Oerlikon into a lively and diverse neighbourhood,” said Nora Teuwsen, Chair of the Executive Board of ABB Switzerland.

  • Growth strategy in the building technology market continues

    Growth strategy in the building technology market continues

    The Burkhalter Group, a full-service provider of cross-trade building technology, is acquiring Enplan AG, which specialises in the planning of heating and ventilation systems and efficient energy concepts. The company has been operating in the regional market since 1984, employs five people and generates annual sales of around CHF 0.6 million.

    Enplan AG will be merged with Längle & Staub GmbH in St. Gallen, which belongs to the Burkhalter Group, and will continue to operate at its current location as Enplan, a branch of Längle & Staub GmbH. All employees will be retained.

    Secondly, the Burkhalter Group is acquiring Elektro Gasser AG, which has been active in the electrical and telecommunications (ICT) sectors since 1991. The company employs seven people and generates annual sales of around CHF 2 million. Elektro Gasser AG will be gradually integrated into TZ Stromag, which belongs to the Group. At the same time, a branch of TZ Stromag will be established at the Lalden site under the name Gasser Elektro ICT, while Elektro Gasser AG will continue to operate as an independent company until further notice.

    With these acquisitions, the Burkhalter Group is continuing its growth strategy. It provides services in the fields of heating, cooling, ventilation, air conditioning, sanitation and electrical engineering and is headquartered in Zurich.

  • Technology fund supports AI-based energy optimisation

    Technology fund supports AI-based energy optimisation

    Scandens can finance upcoming business developments with a guarantee from the technology fund. According to a statement by Dominik Bucher, co-founder and CCO of the Zurich-based cleantech company, receiving this guarantee confirms its approach: “Enabling the right investment decisions for real estate portfolios – economically sound and future-proof” while making the best possible decisions for the climate and the environment. “We are delighted to be part of the technology fund,” said Bucher.

    Founded in 2021 as a spin-off from the Swiss Federal Institute of Technology Zurich, the company launched software in 2023 that makes it easier to plan and implement energy-efficient building renovations. With this artificial intelligence-based internet application, owners of real estate portfolios as well as private homeowners can check whether and which renovation measures make economic and ecological sense.

    According to a statement from Scandens, the software displays over 500 renovation combinations and creates a plan that serves as a basis for implementation. This is intended to save time and promote sustainable decisions.

    With the technology fund, the federal government promotes innovations that reduce greenhouse gases or resource consumption, favour the use of renewable energies and increase energy efficiency. Guarantees make it easier for innovative companies to take out loans. The guarantee is granted to banks or other suitable lenders. To cover guarantee losses, a maximum of CHF 25 million per year from the proceeds of the CO2 levy is paid into a technology fund.

  • Swiss companies start the year on a more optimistic note

    Swiss companies start the year on a more optimistic note

    The KOF Business Situation Indicator rose for the second month in a row in January, signalling a much more favourable starting position than a year ago. The business situation in the manufacturing industry in particular has brightened considerably, indicating a revival in demand and capacity utilisation.

    financial and insurance services, wholesale, catering and construction are also reporting rising business situation indicators, while the retail trade is at least slightly improving. The situation in other services remains largely stable, with only the project planning sector reporting a slight slowdown. Overall, this shows a broad-based improvement across the Swiss economy.

    industry as an anchor of sentiment
    Looking ahead to the next six months, optimism prevails in many sectors. The manufacturing industry in particular is anticipating a further improvement in business activity, confirming its role as an anchor of sentiment at the start of the year.

    expectations have also brightened in the retail trade, construction, financial and insurance services and project planning sectors. By contrast, the hospitality, wholesale and other services sectors are somewhat more cautious about the coming months, although the majority of them remain moderately positive.

    more recruitment
    Many companies are planning to take on additional staff. This is particularly evident in the hospitality industry, which is looking to expand its workforce but is finding it increasingly difficult to find suitable employees.

    the construction industry and the project planning sector are the most likely to report a shortage of skilled labour, which brings existing capacity bottlenecks into sharper focus. For managers and HR managers, this means that competition for qualified labour is continuing to increase in several key sectors.

    moderate momentum without new signs of inflation
    Despite the economic upturn, wage expectations remain stable. As in the October survey, companies expect gross wages to rise by 1.3% on average over the next twelve months, with above-average increases in the hospitality industry, the project planning sector and the construction industry.

    companies are also not expecting a turnaround in consumer prices. The expected inflation rate now stands at 0.9%, practically the same level as in the October survey (1.0%). The picture for monetary and wage policy is therefore one of moderate, well-anchored price and wage developments.

    broad base in the real economy
    The survey is based on around 4,500 companies from the manufacturing, construction and central services sectors, which corresponds to a response rate of around 56%.

    the KOF Business Situation Indicator thus provides a robust picture of the mood among managers. The Swiss private sector is starting 2026 with a broad base, cautious confidence and no discernible inflationary momentum, while at the same time increasing pressure on the labour market in key construction and service sectors.