immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Interest rate development

  • 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).

  • Swiss real estate fair for investors records new highs

    Swiss real estate fair for investors records new highs

    With 3964 professional visitors at the Swiss real estate fair for investors IMMO23, the number of participants from the previous year could almost be doubled. The increased number of international participants was also particularly evident, which illustrates the relevance of the Swiss real estate industry in an international context.

    This year, the IMMO Forum, the two-day accompanying congress with 126 top-class speakers at 33 panel discussions, was again able to inspire the audience with highly topical content. In addition to international players who shed light on the special features of the respective markets, the increasingly important topic of sustainability was also given a suitable stage. One of the highlights was the appearance of Dr. Martin Schlegel, Vice Chairman of the Governing Board of the Swiss National Bank, who presented his views on the development of interest rates and inflation in a discussion with Andreas Loepfe, CEO INREIM.

    The hybrid event format with public live broadcast of all panel discussions and simultaneous translation into French is now a fixed component of the concept and once again met with great interest with over 1700 online subscriptions. Furthermore, the start-up area was significantly expanded with 15 innovative young companies and an exciting pitch program. The education and career initiative recently launched by the organizers was supported by corresponding commitments from the University of Zurich – CUREM, the Bern University of Applied Sciences and other institutions.

    In recent years, the Swiss real estate fair for investors has established itself as the largest domestic trade fair for the real estate industry. The participating companies are located along the entire value chain and represent both indirect and direct real estate investment perspectives.

    The organizing duo, MV Invest and Swiss Circle, is delighted with this great success and would like to formally thank its contributors, exhibitors, presenters, speakers, partners and the public for their support and trust.

    IMMO24 will take place on January 17-18, 2024 at Hall 622 in Zurich Oerlikon.

    For further information please do not hesitate to contact us.

    Source: www.swisspropertyfair.ch