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Tag: HWZ

  • Further training in the property sector gains momentum

    Further training in the property sector gains momentum

    A total of 35 new students celebrated the start of their CAS Smart Real Estate AI, Data & Values HWZ and CAS General Real Estate Management HWZ degree programmes at the HWZ with a drinks reception, as detailed in a press release. Ten graduates of the CAS Smart Real Estate Business HWZ also received their certificates at the same event.

    The CAS Smart Real Estate AI, Data & Values HWZ is aimed at managers from the property sector, as well as property owners and financial specialists. You will learn interesting facts about data and figures in the property sector.

    The CAS General Real Estate Management HWZ is aimed at candidates for a Master of Advanced Studies (MAS) who wish to expand their knowledge. Both programmes are part of the MAS Real Estate Management, but can also be taken as a self-contained CAS programme.

  • Andrea Wegmüller appointed new Head of Property Management at Zug Estates

    Andrea Wegmüller appointed new Head of Property Management at Zug Estates

    Andrea Wegmüller has worked for PRIVERA AG since 2016, initially as Regional Head of Property Management East and since the beginning of 2022 in the role of COO / Head of Property Management Switzerland. Prior to that, he worked for Livit AG for five years in various functions. Andrea Wegmüller is a qualified real estate trustee and holds a Master of Advanced Studies (MAS) in Real Estate Management from the Hochschule für Wirtschaft Zürich (HWZ). Andrea Wegmüller takes over as Head of Property Management from Pascal Arnold, who has decided to take on a new professional challenge after nine successful years with Zug Estates. The Board of Directors of Zug Estates Holding AG thanks Pascal Arnold for his great and professional commitment and wishes him every success for the future.

    Source: Zug Estates

  • Second homes make the highest jump in price

    Second homes make the highest jump in price

    The prices of single-family houses increased in 2021 compared to the previous year by an average of 9 percent to CHF 1.42 million. The prices of condominiums rose by an average of 8.3 percent to CHF 0.91 million. This is shown by the figures from the Home Market Price Analysis presented annually by the real estate marketplace Homegate and the Swiss Real Estate Institute of the Zurich School of Economics (HWZ). As stated in a media release , this is the highest price dynamic for residential property in ten years.

    For second homes, prices rose by 35 percent compared to the previous year. “The price increases for first homes are amazing,” says Peter Ilg, head of the Swiss Real Estate Institute. “But in the case of second homes, a market has been created due to the strict limitation on supply by the second home initiative that is ideal for real estate speculation.”

    Condominiums are still the most expensive in the Zurich region, single-family homes in the Lake Geneva region. The sharp rise in prices seems to be leading to fewer sales transactions, at least for single-family homes. They fell by 10 percent.

    There are major differences between the regions at the community level: With the same budget of 3.1 million francs, for which there was a house in Erlenbach ZH, you could buy a good six single-family houses in Brugg AG. The lowest average prices for condominiums were paid in the municipality of Sainte-Croix VD at CHF 0.28 million, the highest in Zumikon ZH at CHF 2.37 million.

  • Single-family houses are very popular even in times of crisis

    Single-family houses are very popular even in times of crisis

    The speed at which sellers have been able to sell their homes over the past year has varied widely across regions. While single-family houses in the greater Zurich area became even scarcer and were sold within an average of 43 days, it took 100 days longer in Ticino. This is the finding of the Swiss Real Estate Institute of the Zurich School of Economics (HWZ) and the online real estate marketplace Homegate in their biannual evaluation of real estate advertisements on the Internet.

    Accordingly, the average advertisement time for single-family houses on the leading online real estate portals in Switzerland rose by 26 percent in 2020 from 61 to 77 days. This development was driven by the regions of Ticino and Waadt / Wallis. In Ticino, advertisements were on the Internet 60 percent longer before they were sold than in 2019. In the Vaud / Wallis region, it took 25 percent longer and thus 71 days to sell a house than in the previous year.

    The authors of the study see a possible reason for the increase in the average tendering time in the uncertainty in the crisis year, which made many wait and see. Nevertheless, the demand remained high. “In some regions it took a little longer to sell a property for a short time. But we can see that the tide has already turned again and that single-family houses are very popular even in times of crisis, ”Jens Paul Berndt, CEO of Homegate, is quoted in a press release.

  • Homes are still in demand

    Homes are still in demand

    The home market continues to grow even during the recession caused by the coronavirus pandemic. In the four most liquid market regions in Switzerland, prices rose by an average of 3.7 percent in 2020 to an average of 1.3 million francs, explains homegate.ch in a statement on the current Home Market Price Analysis. It is created annually by the digital real estate marketplace from TX Group in cooperation with the Swiss Real Estate Institute of the Zurich School of Economics ( HWZ ).

    The study analyzes the development of purchase prices and transactions for single-family houses and condominiums in the regions of Zurich, northwestern Switzerland, Bern and Lake Geneva. The prices for single-family homes rose in all four market regions last year, the press release explains. The most significant price increase was observed in the Lake Geneva region, at 4.1 percent. The lowest price increases of 1.6 percent were in the Zurich region. The number of transactions in the single-family home market increased by 3.1 percent year-on-year.

    For condominiums, the analysts identified price increases of between 3 and 4 percent in three of the four regions examined. In the Lake Geneva region, on the other hand, prices fell by 2 percent year-on-year. On average, the prices for condominiums rose by 0.5 percent to 850,000 francs in the year under review. The number of transactions in the condominium market increased by 2 percent in 2020.

    In times of crisis, the flight into real assets is nothing new, Peter Ilg is quoted in the communication. The “ongoing boom” during the pandemic-induced recession is “astonishing” for him, says the head of the Swiss Real Estate Institute. As a background to the current developments, Ilg cites, on the one hand, the likely long-term low interest rates. On the other hand, "living in the times of Corona has become more important".

  • Pandemic slows the housing market

    Pandemic slows the housing market

    The coronavirus pandemic has left its first traces on the housing market, writes SVIT Switzerland in a message on the current online housing index ( OWI ). It is determined every six months by the Association of the Real Estate Industry in cooperation with the Zurich School of Economics ( HWZ ).

    According to the current OWI, the number of advertisements for rental apartments placed on Swiss real estate marketplaces increased by 4 percent year-on-year to around 380,000 rental apartments between April 2019 and March 2020. A simultaneous decrease in the number of days on the market indicates a further increase in demand for rental apartments, explains SVIT.

    However, the lockdown officially ordered in March to contain the coronavirus pandemic led to a 31 percent decline in the number of advertisements across Switzerland compared to the first half of March, SVIT further informs in the press release. “Despite this massive drop in supply”, the time on the market only fell by just under 5 days or 12 percent. This means that "the demand has also decreased by more than a third," writes SVIT.

    In the twelve largest cities in Switzerland, the decline was "even more striking", explains the real estate industry association. In Lugano, the number of advertisements fell by 75 percent in the reporting period, while in Bern, Zurich and Winterthur there were 40 percent fewer advertisements than in the first half of March. A simultaneous only below average decrease in the time on the market shows that “the demand has collapsed even more or has come to a complete standstill,” writes SVIT. The association assumes that there could possibly be a catch-up effect in the second half of this year.