immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Bundesamt für Statistik (BFS)

  • Private conversion projects boost construction investments in 2022

    Private conversion projects boost construction investments in 2022

    Total construction expenditure is made up of construction investments and public maintenance work. They increased by 1.5% in 2022. However, since construction prices have risen sharply, this results in a real minus of 5.9%. Construction investments showed a nominal increase of 1.8% year-on-year. On the other hand, expenditure on public maintenance work recorded a decline of 1.4% compared to the previous year.

    Private clients invested heavily in conversion projects
    Investments in new buildings (+0.3%) and conversions (+4.2%) increased in 2022 compared to the previous year. This positive result is due to private clients, who invested significantly more in conversions (+7.2%). In the same period they also spent more on new construction projects (+0.3%). The public clients – i.e. the Confederation, cantons and municipalities – increased their investments in new buildings within the year (+0.3%). On the other hand, they spent less on renovation projects (-0.1%).

    Positive development of building construction investments
    Switzerland-wide, more was invested in building construction (+2.3%) compared to 2021. Both private clients (+2.4%) and the public sector (+1.3%) contributed to this positive result. In contrast, investments in civil engineering (-0.1%) declined within a year. Public clients spent less on infrastructure construction (-0.9%). Private clients, on the other hand, invested more in civil engineering (+3.2%).

    Outlook for 2023
    The work in progress (expenditure) for the following year 2023 for construction projects under construction (incl. public maintenance work) increased by 1.6% as of the reporting date 31.12.2022 compared to the previous year’s reporting date.

    Source: bfs.admin.ch

  • Construction investments are falling slightly

    Construction investments are falling slightly

    Construction investments fell by 0.3 percent year-on-year in 2020, as the Federal Statistical Office ( FSO ) writes in a press release. This is understood to mean the construction expenses without public maintenance work. If these are also factored in, the total construction expenditure will be roughly at the level of the previous year.

    Investments in new construction projects have decreased by 0.6 percent year-on-year. In contrast, 0.1 percent more was invested in renovation projects. The federal government, cantons and municipalities invested more in both new construction and renovation projects than in 2019. In 2020, private clients were more cautious.

    According to the FSO, a positive development was observed in civil engineering investments. These increased by 3.2 percent in 2020. In contrast, investments in building construction projects decreased by 1.1 percent. While the federal government, cantons and municipalities have invested more in building construction as well as in civil engineering than in the previous year, the amount invested by the private sector only increased in civil engineering.

  • Swiss residential property will become 2.5 percent more expensive in 2020

    Swiss residential property will become 2.5 percent more expensive in 2020

    According to a press release from the Federal Statistical Office (FSO), the average annual tax rate for home ownership in Switzerland in 2020 is 2.5 percent. This value results from the comparison of the average annual inflation rates of 2019 with 2020. In relation to the last quarter of 2020 the inflation rate was lower. Compared to the third quarter, the residential property price index (IMPI) increased by 2.3 percent. It reached a level of 103.1 points. Compared to the same quarter in the previous year, the rate of inflation was 3.1 percent, reports the FSO.

    To explain the calculation of the annual mean inflation, the FSO states that the average annual inflation 2020 of the IMPI of 2.5 percent would correspond to the rate of change between the annual mean 2020 and the annual mean 2019. These annual averages are calculated as the arithmetic mean of the four quarterly indices for the calendar year.

    The announcement shows an increased interest in houses compared to apartments: the prices of single-family houses have risen by an average of 2.8 percent over the whole of last year and the prices of condominiums by an average of 2.2 percent.

    In the fourth quarter of 2020, however, there was greater demand for apartments than for houses, which was reflected in the price. The price for single-family houses rose by 1.5 percent, but for condominiums by 3.1 percent. Both market segments show higher prices in all of the five types of municipality than in the previous quarter. The rise in single-family house prices was particularly pronounced in the medium-sized communities with a plus of 2.4 percent. In contrast, prices for condominiums rose the most in rural communities: by 5.2 percent.

    The differentiation between types of municipality by the FSO is based on density, size and accessibility criteria, such as commuter movements. Of the 2,172 municipalities in Switzerland as of January 1, 2021, 22 percent are urban, 52 percent rural and 26 percent intermediate.

  • Single-family houses are becoming more expensive

    Single-family houses are becoming more expensive

    According to a report from the Federal Statistical Office ( FSO ), the Swiss residential property price index (IMPI), which was determined for the first time, closed at 100.8 points in the third quarter of 2020. Compared to the previous quarter, this corresponds to growth of 0.2 percent. In a year-on-year comparison, the analysts of the FSO measured an increase in prices of 2.6 percent. The base value of the index was set at 100 points in the fourth quarter of 2019.

    With regard to the changes compared to the previous quarter, the analysts identify opposing developments in single-family homes and condominiums in the quarter under review. The prices for single-family homes had risen by 1.1 percent in a quarterly comparison. By contrast, prices for condominiums were 0.6 percent lower in the quarter under review than in the previous quarter.

    The analysts had observed particularly significant increases in the prices for single-family houses of 2.6 and 2.2 percent in the urban communities of the large agglomerations and the rural communities. The most significant declines in prices for condominiums were registered in the intermediate and rual communities, each with minus 1.1 percent.