immo!nvest – Die Plattform für Standorte und Immobilien

Tag: IAZI AG

  • 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

  • Basel real estate remains a worthwhile investment

    Basel real estate remains a worthwhile investment

    Investment properties in the canton of Basel-Stadt would have proven to be a “crisis-resistant investment” in 2021 as well, according to the Basler Kantonalbank ( BKB ) in a statement on the real estate compass it created in cooperation with IAZI AG . According to the announcement, all property categories increased their performance in 2021 compared to 2020. According to the BKB, residential properties even achieved “a record-high overall performance” of 7.9 percent in the year under review.

    The analysts of the current real estate compass observed the greatest increase of 1.0 percentage points to 7.1 percent in mixed-use real estate. Office and commercial real estate lagged behind with a recovery of 0.4 percentage points to 3.8 percent.

    The increase in overall performance across all property categories was primarily due to increases in value, the analysts explain. Therefore, “a different picture” emerges from the gross return that excludes the increase in value.

    In the year under review, the analysts observed gross returns of less than 4 percent in Basel, Binningen and Bottmingen. In general, the more centrally located the property, the lower the yield. The analysts attribute this to the tightened law on housing subsidies, according to which rent adjustments as a result of renovations are “only possible to a limited extent”.

  • ImmoScout24 reports record price for condominiums

    ImmoScout24 reports record price for condominiums

    The prices for condominiums in Switzerland rose by 1.8 percent in August compared to the previous month. The prices for single-family houses have risen by only 0.1 percent. This is shown by the current Swiss Real Estate Offer Index , which is collected by ImmoScout24 in cooperation with the real estate consultancy IAZI AG.

    The market for condominiums is becoming more and more expensive , according to the press release. At the end of August, 7916 francs were charged per square meter, 1.8 percent more than a month earlier. A typical apartment with 100 square meters is advertised for an average of around 790,000 francs in Switzerland. That is a new record.

    The prices for single-family houses rose by only 0.1 percent in August, but according to ImmoScout24 they are “at a dizzying height”. The square meter price is 7048 francs. For a typical Swiss single-family home with around 160 square meters of living space, the average asking price is over 1.1 million francs. The prices can be significantly higher in better locations.

    The supply is scarce, the market has dried up. Martin Waeber, COO of Scout24 is quoted as saying that sellers were waiting in view of the rising prices. “Only a strong increase in construction activity or a decline in demand, for example due to rising mortgage interest rates, could reduce the price pressure on the residential property market,” Waeber continued. However, neither is currently foreseeable.

    According to the index, asking prices for rental apartments fell by an average of 0.5 percent in August, with significant regional differences.

  • Housing is becoming more expensive

    Housing is becoming more expensive

    "Renting and buying in Switzerland is getting more expensive", is how ImmoScout24 wrote a message on the current Swiss Real Estate Offer Index . It is prepared monthly by ImmoScout24 and the real estate consultancy IAZI AG . According to the surveys, the prices for rents and residential real estate rose on average across Switzerland in the first half of 2021.

    The prices for residential property have only risen for months, explains ImmoScout24 in the message. Since the beginning of the year, prices for single-family houses have risen by a total of 3.8 percent, with a price increase of 1.4 percent compared to May being observed in June alone. The corresponding values for condominiums were 4.7 and 1.0 percent, respectively.

    The index analysts have observed an ups and downs in rents over the past few months. There was an increase of 0.7 percent over the first half of the year. In June, an average increase of 0.6 percent compared to May was registered.

    Renting has not become more expensive everywhere, it says in the message. Specifically, monthly rents dropped between 3.0 and 0.1 percent in Ticino, the Central Plateau, the Lake Geneva region and northwestern Switzerland.

    Martin Waeber is quoted in the press release as saying that "the record price increase in the residential property market" has contributed to the fact that many people did not even ask themselves whether to rent or buy. “If you don't necessarily want to rent in the center”, you can “still get a bargain in some regions”, says the Scout24 Group's CFO.

    The Scout24 group belongs to the insurance group Mobiliar and the media group Ringier . In addition to the real estate platform ImmoScout24, the network of online marketplaces operates the platforms AutoScout24, FinanceScout24, MotoScout24, the classified ads platform Anibis and the marketer Scout24 Advertising.