immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Mittelland

  • 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

  • Building is getting more expensive

    Building is getting more expensive

    The construction price index rose by 2.7 percent between April and October of the current year. The price level in the construction industry has increased by 4.1 percent within a year. This is shown by figures from the Federal Statistical Office . As a media release shows, the additional costs in building construction and civil engineering are causing prices in the construction industry to rise compared to the previous half-year.

    Property developers have to dig deeper into their pockets for the shell construction, from earthworks to windows and doors, in all major regions. The most noticeable increases in building construction costs are in the Swiss Plateau with 3.4 percent and in Central Switzerland with 3.2 percent price increases.

    With the exception of Eastern Switzerland and Ticino, construction prices in civil engineering rose. In this sub-area of the construction industry, too, the regions Mittelland with 2.2 percent and Central Switzerland with 3.4 percent are most affected by the rising cost level. The price increases had the most pronounced effects on "smaller track construction" and somewhat less markedly on "fees".