Tag: Genferseeregion

  • No end to the boom in the Swiss real estate market

    No end to the boom in the Swiss real estate market

    Tenants who wish to move must be prepared for higher rents when looking for an apartment. After several months with practically unchanged values, landlords raised their price expectations by an average of 0.7 percent in May. The correction is almost as large as the change registered over the last twelve months (0.9 percent). This is shown by the Swiss Real Estate Offer Index, which is collected by the SMG Swiss Marketplace Group in cooperation with the real estate consulting company IAZI.

    However, the development of rents differs depending on the region. Apartment seekers in the greater Zurich region (1.8 percent) and in central Switzerland (1.2 percent) are confronted with a significant increase in asking rents. The surcharges are lower in the Lake Geneva region (0.5 percent) and in north-western Switzerland (0.4 percent), while in the central region (0.1 percent) and in eastern Switzerland (0.1 percent) there are practically no changes. In contrast, rents have fallen in Ticino (−0.8 percent).

    Home ownership: The boom is not over
    The real estate market is currently in focus mainly because of the high prices for residential property. Against the background of rising mortgage interest rates, many observers expect the situation to cool down soon. However, the asking prices are still on the rise, as the analysis of the advertisements in May shows.

    “For single-family houses, 1.0 percent higher values were required than in the previous month, for condominiums the price growth is 0.2 percent. The interest-related increase in financing costs does not seem to bother prospective buyers much. At least sellers are still assuming an increasing willingness to pay,” says Martin Waeber, Managing Director Real Estate, SMG Swiss Marketplace Group.

    As of May 31, 2022
    The Swiss Real Estate Offer Index is published on the websites of ImmoScout24 and IAZI AG.
    www.immoscout24.ch/immobilienindex
    www.iazi.ch/angeboteindexes

  • Rental prices drop slightly in March

    Rental prices drop slightly in March

    The prices for rents fell in March compared to the previous month by 0.4 percent. This short-term development is only reflected in the national averages. In the most expensive and densely populated regions, rents rose in March, according to the latest data from the Swiss Real Estate Offer Index. In the long term, too, prices have increased on average.

    Tenants in the Lake Geneva region had to pay 0.2 percent more in March, and even 0.9 percent in the greater Zurich region. According to a press release, rents in north-western Switzerland also rose by 0.3 percent, in eastern Switzerland by 0.2 percent and in Ticino by 1.9 percent. In Central Switzerland, on the other hand, rents fell by 1.2 percent. Over the year as a whole, rental prices rose by an average of 0.6 percent for the country.

    In the case of home ownership, prices have also developed differently, depending on the type of residence. While those interested in condominiums benefited from an average of 0.4 percent lower prices in March, buyers of single-family homes had to add 1 percent.

    In the past twelve months, home prices even rose by a record 7.2 percent. While the square meter cost 6398 francs in March 2020, it was 6857 francs in March of this year.

    In the case of condominiums, the plus of 3 percent was somewhat more moderate. Here, the price per square meter rose from 7,366 francs in March 2020 to 7,587 francs in March 2021.

    The data of the Swiss Real Estate Offer Index is created in real time on the basis of advertisements on the real estate platform ImmoScout24 and in cooperation with the real estate consultancy IAZI AG .

  • Investis acquires Rohr AG

    Investis acquires Rohr AG

    Investis Holding AG specializes in properties in the Lake Geneva region and real estate services throughout Switzerland. To strengthen the second business area, the Zurich real estate company took over Rohr AG on March 12th, Investis explains in a press release . The Aargau building service provider offers special and facade cleaning, maintenance cleaning, integral building management as well as the construction and operation of clean rooms. The two partners have agreed not to disclose the purchase price.

    "This company is an ideal addition to our existing subsidiaries in the facility services sector", Walter Eberle, Head of Real Estate Services at Investis, is quoted in the press release. "With the acquisition, we will continue to expand our services and strengthen our national awareness in the market." Eberle also wants to use the synergies and opportunities for further development resulting from the takeover.

    Rohr AG has around 1000 employees and generated sales totaling 41 million francs in the 2020 financial year, the announcement further explains. The Aargau company will also operate under the umbrella of Investis Holdung as an independent company under the existing name.