immo!nvest – Die Plattform für Standorte und Immobilien

Tag: immobilienpreise

  • Real estate prices remain high

    Real estate prices remain high

    Real estate prices will remain on an upward trend in 2026. Forecasts by Zürcher Kantonalbank(ZKB) predict a price increase of 4.5 percent. The abolition of the imputed rental value will have no impact on this, nor will the baby boomers change the situation, according to a press release on the latest Immobilien aktuell study.

    On the housing market as a whole, the pressure on owners, tenants and tradespeople is growing as a result of the housing shortage and immigration. Switzerland is dependent on immigration, but the influx is “exacerbating the demand for housing in already tight markets”. One in four newcomers move to the five largest cities – one in ten to Zurich.

    The ZKB experts expect the situation to remain tight as a result of a drop in demand for rental apartments. Vacancy rates are at a record low and are having a particular impact on the relocation behavior of young adults. In 2023, 15 percent fewer people between the ages of 21 and 25 will have moved than in 2020. “Many will stay in Hotel Mama because there is no suitable living space available,” they say.

    Demographic change will not have a price-reducing effect. “Baby boomers are expected to increase the supply of single-family homes by around 14% and condominiums by 10% by 2035,” it says. “Demographic change will change the market, but will not trigger a price slump,” Ursina Kubli, Head of Real Estate Research at ZKB, is quoted as saying. Prices for second homes rose by 40 percent in 2019 and 2024, but will remain at a high level after a slight decline in 2025.

    ZKB’s forecasts are based on studies of the abolition of the imputed rental value, the supply restriction for rental apartments, a possible wave of sales by the baby boomer generation, market influences due to immigration and the changed vacation apartment market.

  • Baby boomers will not trigger a wave of home sales

    Baby boomers will not trigger a wave of home sales

    Hopes of lower prices on the residential property market as a result of the so-called silver tsunami of baby boomers entering retirement age en masse will not be realised. This is the conclusion of Raiffeisen ‘s property study for the third quarter of 2025, according to which the massive demographic shift triggered by the retirement of the baby boomer generation born between 1955 and 1969 will not lead to a greater supply of residential property and consequently to falling prices.

    The main reason for this is their extremely low residential mobility: the relocation rate of homeowners of retirement age is just around 1.5 per cent for both condominiums and single-family homes. In contrast, the relocation rate for retirees living in rented flats is almost three times as high at 4.1 per cent.

    “The increase in vacancies in residential property observed from 2023 onwards is not a harbinger that demographic ageing will lead to a structurally higher vacancy rate in property,” explains Raiffeisen’s Chief Economist Fredy Hasenmaile in a press release. “It can be explained primarily by the higher interest rates in the meantime and the resulting temporary loss of the housing cost advantage in property ownership.”

    According to Raiffeisen, factors such as the severe supply shortage, low interest rates and immigration have had a much greater impact on price trends than the ageing of society. Demand also far exceeds supply on the rental flat market. Despite the lively public debate, housing construction has not got off the ground. Accordingly, according to Hasenmaile, “a noticeable increase in asking rents and declining vacancy rates must also be expected in the future”.

  • Prices for residential property continue to rise

    Prices for residential property continue to rise

    According to surveys by Moneypark and Pricehubble, single-family homes increased in price by an average of 3.4 percent nationwide, while condominiums rose by 2.4 percent. Year-on-year, this corresponds to an increase of 7.4 percent for houses and 4.2 percent for apartments. The regional picture is varied. House prices rose by 3.6% in French-speaking Switzerland and by 3.2% in German-speaking Switzerland. Condominiums rose in price similarly in both parts of the country, with Western Switzerland slightly ahead in a year-on-year comparison.

    Medium-term mortgages in vogue
    When it comes to financing, buyers increasingly prefer medium-term mortgages with terms of five to nine years. At the same time, Saron mortgages are gaining in popularity. Particularly in German-speaking Switzerland, where they account for 19 percent of new contracts. In French-speaking Switzerland, this figure is 7 percent. For first mortgages, the Saron share is around 10 percent, for second mortgages over 20 percent. This financing solution offers buyers flexibility and allows them to benefit from the current low prime rate.

    Banks expand market share
    The rising demand for Saron mortgages is also having an impact on market distribution. Banks were able to increase their share to 67%, an increase of 12 percentage points compared to the first half of the previous year. Insurance companies, on the other hand, lost significant ground, with their market share falling to 19 percent. Pension funds increased and now hold a 14% market share, but are not benefiting from the Saron mortgage business, which is offered exclusively by banks.

    Outlook
    With persistently high demand, limited supply and a growing preference for flexible financing models, the upward trend in residential property prices is likely to continue in the coming quarters. At the same time, the development of interest rates will be decisive in determining whether Saron mortgages can continue their upward trend.

  • Prices for residential property remain stable

    Prices for residential property remain stable

    “Residential property prices go on holiday in July”, ImmoScout24 headlines a press release on the current ImmoScout24 Purchase Index. It is compiled monthly by the property marketplace belonging to SMG Swiss Marketplace Group AG in collaboration with IAZI, a consultancy specialising in real estate. According to the current index, prices for single-family homes in July remained at the previous month’s level. Prices for condominiums rose by just 0.1 per cent.

    According to the experts at ImmoScout24 and IAZI, prospective buyers are increasingly looking at energy efficiency as well as price and location when choosing a property. “Those who pay attention to sustainable construction methods or invest in energy-efficient modernisation and solar panels will benefit in the long term and even twice over,” explains Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, in the press release. In addition to lower electricity and heating costs, Waeber cites a comparatively stable property value: “Market data shows that energy-efficient houses and flats are less susceptible to price fluctuations”.

    From a regional perspective, only the greater Zurich region and eastern Switzerland are clearly bucking the trend for single-family homes, with an increase of 1.2 per cent and a decrease of 0.9 per cent respectively. In the case of owner-occupied flats, Northwestern Switzerland is cited as the “upward outlier” with an increase of 2.3 per cent. The biggest drop in prices for condominiums was recorded in Central Switzerland with 1.1 per cent.

    ImmoScout24 is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.

  • Condominiums are more expensive than single-family homes

    Condominiums are more expensive than single-family homes

    ImmoScout24 introduces a press release on the current ImmoScout24 Purchase Index by stating that the trend towards home ownership is continuing. It is compiled monthly by the property marketplace, which belongs to SMG Swiss MarketplaceGroupAG, in collaboration with IAZI, a consultancy specialising in real estate. The current purchase index for May shows an increase in prices compared to April for both condominiums and single-family homes.

    At 0.8 per cent, prices for owner-occupied flats rose much more sharply across Switzerland than prices for single-family homes (0.3 per cent). However, the experts have identified significant differences within the individual regions. “The choice is currently particularly large in the Lake Geneva region,” Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, is quoted as saying in the press release. “By contrast, supply is tightest in the greater Zurich region, one of the three most populous areas in Switzerland.”

    In the greater Zurich region, prices for single-family homes have risen particularly sharply by 3.9 per cent month-on-month. Eastern Switzerland is at the other end of the scale. Here, prices fell by 2.1 per cent compared to April. Eastern Switzerland, on the other hand, led the way with a 2.7 per cent increase in condominiums. The Mittelland brought up the rear here with a fall of 0.7 per cent.

    ImmoScout24 is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.

  • Prices for residential property on the rise

    Prices for residential property on the rise

    Anyone who purchased residential property in the first quarter of 2025 had to pay around 0.7 per cent more across Switzerland than in the previous quarter, according to the Federal Statistical Office(FSO) in a press release on the current Swiss Residential Property Price Index. Year-on-year, the experts at the FSO have observed a 4.1 per cent increase in residential property prices. The Swiss Residential Property Price Index is compiled by the FSO on a quarterly basis.

    In the quarter under review, prices for single-family homes rose comparatively strongly with an average increase of 1.5 per cent compared to the previous quarter. Prices for owner-occupied flats rose by only 0.1 per cent across Switzerland in the same period. Year-on-year, prices for single-family homes were 3.6 per cent higher across Switzerland, while prices for condominiums were 4.6 per cent higher.

    In terms of municipality type, the price increase for single-family homes was strongest in the intermediate municipalities at 3.4 per cent. In the urban municipalities of large conurbations, on the other hand, the experts registered a 0.4 per cent fall in prices for single-family homes. In the case of condominiums, the largest increase of 1.2 per cent was observed in the urban municipalities of medium-sized conurbations. By contrast, prices for owner-occupied flats in the urban municipalities of a small conurbation or outside a conurbation fell by 1.7 per cent compared to the previous quarter.

  • Prices for residential property down, rental prices continue to rise

    Prices for residential property down, rental prices continue to rise

    Prices for residential property fell in the first month of this year, SMG Swiss Marketplace Group(SMG) reports in a press release on the latest Swiss Real Estate Offer Index. Specifically, prices for condominiums in January were 0.6 per cent lower than in December 2024. At the same time, single-family homes were even 2.1 per cent cheaper. In contrast, asking rents rose by 0.9 per cent in the same period.

    Year-on-year, prices for condominiums were 1.0 per cent higher in January. At the same time, prices for detached houses rose by 1.4 per cent. The average price per square metre for condominiums is currently CHF 8834, according to SMG. For single-family homes, the average price per square metre is CHF 7591.

    “Overall, the Swiss property market continues to be characterised by low and possibly falling interest rates,” Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, is quoted as saying in the press release. The purchase of property is therefore associated with lower financing costs. “However, anyone looking to move into a new tenancy will have to expect price premiums in the coming months due to the tight supply situation,” explains Waeber. The SMG Swiss Marketplace Group brings together the digital marketplaces of TX Group, Ringier and Mobiliar.

  • Rising prices and a tight rental market

    Rising prices and a tight rental market

    Zürcher Kantonalbank (ZKB) has published its annual market analysis and confirms the further rise in property prices. Following growth of 3.7% in 2023, prices rose by 3.3% in 2024. Even if the pace has slowed slightly, the trend remains clear: residential property prices in Zurich have risen 2.5-fold in 20 years.

    It is interesting to note that despite lower interest rates, the expected stronger price increase failed to materialise. Demand was more subdued, particularly for new-build properties, which take longer to sell. Nevertheless, ZKB registered an increase in transactions in the second half of 2024, which indicates that demand is picking up again.

    Increasing shortage on the rental flat market
    The tense situation for rental flats continued in 2024. For the first time, the ZKB found that the number of sales advertisements was slightly higher than the number of rental offers – a sign of the continuing dwindling capacity on the Zurich rental market.

    Although the shortage was not quite as drastic as feared, ZKB anticipates a further decline in vacancies in 2025.

    Rents are also rising for existing tenants
    Rents in Zurich rose by an average of 4.5% in 2024 – a significant increase compared to the Swiss average of 3.3%. It is particularly noteworthy that not only new lettings but also existing tenancies were affected by increases.

    This trend is directly attributable to the reference interest rate increases from 2023, which had a delayed impact on rents. In the third quarter of 2024, existing rents in Zurich were 5.4 % higher than in the previous year, while they only rose by 3.3 % across Switzerland. The increase was even higher in the Lake Geneva region.

    Institutional landlords utilised their scope for rent increases more intensively than private owners. However, there are signs of a trend reversal: as the reference interest rate will fall in March 2025, many tenants are likely to demand a reduction in their rent.

    The Zurich property market therefore remains a dynamic field with rising prices for owners and increasing challenges for tenants.

  • Strong price increase for condominiums

    Strong price increase for condominiums

    Raiffeisen anticipates a further rise in residential property prices in the fourth quarter of 2024. According to a press release, the transaction price index for single-family homes fell slightly by 0.1 per cent compared to the previous quarter, but rose by 4.2 per cent compared to the previous year. The balance for condominiums was more pronounced. The increase here was 1.4 per cent compared to the previous quarter and 2.4 per cent compared to the same period in 2023.

    “Thanks to significantly lower financing costs and very good prospects for a further fall in interest rates, demand is likely to increase further at the start of the new year and thus accelerate the price trend once again,” Fredy Hasenmaile, Chief Economist at Raiffeisen Switzerland, was quoted as saying in the press release.

    The strongest price increases for single-family homes compared to the previous year were again reported in southern Switzerland (7.7 per cent) and central Switzerland (6.3 per cent). An increase of 0.7 per cent was also recorded in western Switzerland, which had declined in the previous year, and 1.0 per cent around Lake Geneva. Central Switzerland ( 4.4 per cent) and Eastern Switzerland ( 3.5 per cent) are leading the way in condominium ownership. Tourist centres are again the most popular, with residential property prices rising by 3.8 percent.

    The index is compiled quarterly and is published at the beginning of each quarter. It is based on real estate transaction data from Raiffeisen and the Swiss Real Estate Datapool (SRED).

  • Raiffeisen sees weaker price momentum for property

    Raiffeisen sees weaker price momentum for property

    Raiffeisen recorded a slowdown in price momentum in the second quarter of 2024. Compared to the first quarter, prices for single-family homes rose by 1.3 per cent and those for condominiums by 0.5 per cent. According to a press release, “price momentum is not expected to pick up again any time soon” due to the persistently high interest rates compared to the low-interest phase, says Fredy Hasenmaile, Chief Economist at Raiffeisen Switzerland.

    The financial experts are currently observing the strongest price increases for single-family homes in city centres or tourist regions. “The price trend on the owner-occupied property market is weakening further with the descent from the interest rate peak,” says Hasenmaile.

    Compared to the previous year, prices for single-family homes in southern Switzerland (+11 per cent) and eastern Switzerland (+9.9 per cent) recorded the highest increases. Prices for houses fell slightly in western Switzerland (-1.8 per cent) and Zurich (-1.5 per cent). In contrast, Zurich (+6.3 per cent) and Northwestern Switzerland (+2 per cent) recorded the strongest increases for condominiums. According to the Raiffeisen Transaction Price Index, prices for owner-occupied flats have generally risen slightly in urban municipalities, but are weakening in the centres.

    The index is compiled quarterly and is published at the beginning of each quarter. It is based on real estate transaction data from Raiffeisen and the Swiss Real Estate Datapool(SRED).

  • Housing is becoming more expensive

    Housing is becoming more expensive

    People interested in buying their own home had to dig deeper into their pockets in June than in May. Prices for single-family homes rose by 1.2 per cent last month, explains the SMG Swiss Marketplace Group(SMG) in a press release on the current Swiss Real Estate Offer Index. At the same time, SMG’s experts observed a price increase of 1.0 per cent for condominiums. The SMG Swiss Marketplace Group combines the digital marketplaces of TX Group, Ringier and Mobiliar.

    “The Swiss National Bank’s further reduction in key interest rates on 20 June and the prospect of a further reduction in September will result in lower financing costs for mortgages”, comments Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, in the press release. “This increases both the attractiveness of owning your own four walls and their affordability.”

    SMG’s property experts recorded a month-on-month increase of 0.4 per cent in asking rents across Switzerland. At 3.3 per cent, rents rose the most in Ticino. This was followed by Central Switzerland with 1.8 per cent and Eastern Switzerland with 1.2 per cent. In the major regions of Zurich and Northwestern Switzerland, however, rents were 0.6 and 0.2 per cent lower than in May.

  • Prices for residential property move in opposite directions

    Prices for residential property move in opposite directions

    April brought strong price increases for single-family homes, SMG Swiss Marketplace Group(SMG) announces in a press release on the current Swiss Real Estate Offer Index. Specifically, SMG’s experts observed prices that were on average 1.2 per cent higher than in March. The SMG Swiss Marketplace Group brings together the digital marketplaces of TX Group, Ringier and Mobiliar.

    “Although the dream of owning a home is still widespread among the population, prospective buyers have become more selective”, Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, is quoted as saying in the press release. It therefore remains to be seen “whether the increased asking prices can actually be realised”.

    By contrast, prices for condominiums in April were on average 1.2 per cent lower than in March. A year-on-year increase of 1.1 per cent was thus measured. According to SMG experts, this is the lowest annual growth rate since the beginning of 2020.

    A decline of 0.2 per cent was recorded for asking rents compared to the previous month. Compared to April 2023, however, asking rents were 2.7 per cent higher. SMG experts observed particularly sharp month-on-month declines in Eastern Switzerland and Central Switzerland. In north-west Switzerland and the Lake Geneva region, on the other hand, asking rents rose.

  • Prices for condominiums on the rise

    Prices for condominiums on the rise

    Prices for residential property developed differently in October, the SMG Swiss Marketplace Group reports in a press release on the current Swiss Real Estate Offer Index. The SMG Swiss Marketplace Group brings together the digital marketplaces of TX Group, Ringier and Mobiliar.

    Specifically, prices for condominiums rose by 0.7 per cent in October after a pause in September. The experts at SMG Swiss Marketplace Group have observed a year-on-year increase in prices of 2.1 per cent. By contrast, prices for single-family homes were 0.3 per cent lower in October than in September. In a year-on-year comparison, prices were 0.2 per cent lower.

    “The continued growth in asking prices for condominiums is remarkable considering that the supply of available condominium units has increased significantly since the beginning of the year,” said Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, in the press release. “The housing market has also seen a slight increase in the supply of existing properties in recent months, which has contributed to the stabilisation of prices for single-family homes.”

    Asking rents rose by 0.4 per cent in October compared to the previous month. A year-on-year increase of 2.7 per cent was observed. The experts at SMG Swiss Marketplace Group attribute the increase to the continuing shortage of supply in the centres.

  • Second Homes Act affects real estate markets less than expected

    Second Homes Act affects real estate markets less than expected

    On March 12, 2012, the Swiss population accepted the second home initiative. The corresponding Second Homes Act stipulates that no additional holiday homes or houses may be built in communities with more than 20 percent second homes. Experts feared that if the initiative were accepted, the prices for corresponding real estate in the tourist areas would explode.

    Ten years later, these fears have not been confirmed, writes the Lucerne University of Applied Sciences and Arts ( HSLU ) in a statement . Researchers at the HSLU have examined the effects of the Second Homes Act in two studies. According to the results, house prices did not increase until 2018, but instead actually decreased.

    “The acceptance of the initiative has led to a panic-like flood of last-minute building applications,” the head of the relevant study, Daniel Steffen, is quoted as saying in the statement. “Ironically, this has caused a temporary oversupply.” It was only with the outbreak of the pandemic that the demand for apartments in the tourist mountain regions increased. “Today, prices are roughly back to the level at which model calculations show they would be even without the second home initiative,” says Steffen.

    The hotel industry and mountain railways also felt only minor consequences of the new regulation, as is further explained in the communication. Only the hotel industry’s model of cross-financing renovations through the construction and sale of second homes is restricted by the Second Homes Act. In the construction industry, however, the researchers identify significant impairments for construction companies active in the affected communities. “In particular, larger, strategically broad-based companies” are already “orientated more towards the valley floor, where orders are not so heavily dependent on the construction of second homes,” the head of the corresponding study, Stefan Lüthi, is quoted in the statement.

    “Looking at all sectors, it can be expected that the effects of the Second Homes Act will only be noticeable in the coming years,” the HSLU researchers state.

  • Residential real estate in Switzerland

    Residential real estate in Switzerland

    “Im Anschluss an einen historischen Anstieg der Immobilienpreise in der Schweiz im Jahr 2021 stellen wir im vierten Quartal eine Verlangsamung des Preisanstiegs fest”, bemerkt Jonas Wiesel, Mitbegründer von RealAdvisor. Es ist interessant zu beobachten, dass die Preise ausserhalb der Ballungsräume im Laufe des Jahres stärker gestiegen sind. “Die Käufer wollen in grosszügigeren Räumen leben und sind bereit, sich von den Stadtzentren zu entfernen. Dieser Trend ist seit Beginn der Pandemie sehr ausgeprägt” (siehe Einzelheiten im Anhang).

    Die Preise für Einfamilienhäuser schiessen in die Höhe, vor allem ausserhalb der Ballungsräume
    Da die Nachfrage unvermindert ist und der Wohnbestand in der Nähe der Ballungsräume kaum zunehmen wird, ziehen Käufer vermehrt Gemeinden in Betracht, die weiter von den grossen Stadtzentren entfernt sind. Insbesondere in den Kantonen Aargau, Thurgau, Solothurn und Bern steigen die Preise mehr als im Schweizer Durchschnitt.

    Tourismusregionen als grosse Gewinner
    Drei Alpenkantone stechen im Ranking der Top 5 der stärksten Preisanstiege hervor: Glarus (+13.6%), Graubünden (+12.8%) und Nidwalden (+12.3%). “Der Wunsch der Käufer, einen Zweit- oder sogar Erstwohnsitz in den Bergen zu besitzen, kommt allen alpinen Tourismusregionen zugute”, sagt Joan Rodriguez, Mitbegründer von RealAdvisor. Im Wallis sind die Preise nach mehreren Jahren Stagnation wieder angestiegen (Häuser +5,6%, Wohnungen +4,8%). In der Region Tessin übersteigen die Preise nach mehreren Jahren des Rückgangs zum ersten Mal das Niveau von 2017.

    Im Jahr 2022 dürfte sich der Preisanstieg fortsetzen, aber es ist unwahrscheinlich, dass er die 2021 festgestellte Wachstumsrate erreichen wird. Siehe : https://realadvisor.ch/de/schweizer-immobilienpreis-barometer-q4-2021