immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Raiffeisen

  • 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).

  • Raiffeisen sieht robusten Markt für Wohneigentum

    Raiffeisen sieht robusten Markt für Wohneigentum

    Der Markt für selbstgenutztes Wohneigentum präsentiert sich laut dem von Raiffeisen Schweiz ermittelten Transaktionspreisindex im ersten Quartal 2023 robust. So hat Stockwerkeigentum um 2,4 Prozent angezogen im Vergleich zum Vorquartal. Für ein Einfamilienhaus mussten zuletzt 0,3 Prozent weniger bezahlt werden. Im Jahresvergleich sind die Preise für Stockwerkeigentum um 7,5 Prozent gestiegen. Für Einfamilienhäuser ergab sich ein Anstieg um 6,1 Prozent.

    Analysten gehen von einer Abschwächung der Preisdynamik für selbstgenutzte Wohnimmobilien aus. „Preiseinbrüche, wie sie teilweise im Ausland zu beobachten sind, bleiben jedoch unwahrscheinlich, zu knapp ist hierzulande das Angebot“, wird Francis Schwartz, Ökonom bei Raiffeisen Schweiz, in einer Medienmitteilung zum jüngsten Transaktionspreisindex der Genossenschaftsbankengruppe zitiert.

    Nach Regionen betrachtet weist Stockwerkeigentum in der Region Genfersee die höchste Teuerung (+8,7 Prozent) gegenüber dem Vorjahr auf. Die Westschweiz verzeichnete im selben Zeitraum die geringsten Preisanstiege (+4,7 Prozent). Bei Einfamilienhäusern wurde der höchste Preisdruck in der Innerschweiz (+14,7 Prozent) und der Ostschweiz (+14,1 Prozent) festgestellt. In Zürich (+2,1 Prozent) und der Südschweiz (+3,1 Prozent) lag die Teuerungsrate tiefer.

    Die Aufschlüsselung der Preisentwicklung auf Gemeindetypen zeigt eine hohe Nachfrage nach Eigentum in Zentren und urbanen Gemeinden. So verzeichneten Häuser in urbanen Gemeinden gegenüber dem Vorjahr einen höheren Preisanstieg (+7,5 Prozent) als Objekte in anderen Gemeindetypen. Eigentumswohnungen wurden vor allem in Zentrumsgemeinden (+8,5 Prozent) teurer. Den geringsten Anstieg der Hauspreise (+5 Prozent) hat die Erhebung für touristische Gemeinden ergeben.

  • Swiss real estate market – turnaround in interest rates, so what?

    Swiss real estate market – turnaround in interest rates, so what?

    After years of oversupply, the signs on the rental housing market are now clearly pointing to a shortage. Although demand will continue to exceed the supply of housing in the future, the real estate industry has so far not reacted with higher housing production. As long as rents do not rise sharply, there will be no incentive to expand residential construction in the current market environment. “The remaining vacancy reserves will soon be exhausted. Because the demand from immigration, individualization and demographic aging continues to increase,

    while at the same time fewer and fewer new homes are being built. Significant increases in asking rents are therefore only a matter of time and the topic will move up the political agenda,” says Neff.

    Densification progresses slowly
    It's getting tighter and tighter in Switzerland. The new buildings in this country are getting taller, the apartments in them are getting smaller and more and more people live in the residential zones. So the scarce land is being used more and more economically. However, because land use per person continues to rise and more and more people are living in Switzerland, the pace of densification is far from sufficient to stop urban sprawl. “High hurdles stand in the way of the faster densification demanded by spatial planning. The construction costs of projects with higher density are significantly higher than for a new building on a green field. In addition, strict, inflexible and inconsistent building and zoning regulations limit, complicate or make densification efforts impossible. A very liberal objection practice increases the planning effort for projects with high consolidation potential and leads to ever greater administrative effort," says Martin Neff. For example, the average time from the submission of a building application to the granting of a building permit for buildings with more than three apartments has increased significantly in the last 20 years from 92 days to 150 days.

    Bursting bubbles in the virtual world
    Trading in digital assets based on blockchain technology has experienced a real hype in the course of the cryptocurrency boom. In the meantime, land and real estate can also be purchased in the digital world, the so-called metaverse. The more attractive a piece of digital soil is, the more people will pay for it. The relative attractiveness is strongly defined by how many players are in the vicinity of the property on average. The market for digital real estate has experienced enormous price increases. At the beginning of January 2021, for example, in one of the best-known Mataverses "The Sandbox", the average plot of land was still being traded for less than 150 US dollars. By the end of the year, the price had risen to over $16,000, an increase in value of almost 11,000 percent. By the end of June 2022, prices had collapsed to $2,500. Such a bubble formation with subsequent bursting has been observed in many Metaverse projects in recent months. Among other things, this is favored by the fact that many projects are tied to cryptocurrencies for technical reasons, the future of which cannot yet be estimated either. "Due to the extreme volatility, the obvious tendency to bubble and the questionable intentions of many providers, virtual real estate remains primarily a playing field for speculators who are very willing to take risks," says Martin Neff.

    The “Immobilien Schweiz” study offers a detailed quarterly assessment of the Swiss real estate market. The current study and further information are available at raiffeisen.ch/casa.

  • Clever tool makes living dreams come true

    Clever tool makes living dreams come true

    Whether buying, modernizing, managing or selling a property – the Liiva home ownership platform is the digital companion for all kinds of dream homes. In combination with personal advice from the parent companies, the Liiva digital platform offers you as a customer a hybrid ecosystem.

    Customized modernization

    A future-oriented function of Liiva is the innovative modernization planner, which determines the current market value of a property and creates a concrete renovation plan. It is therefore always clear how much it costs you to maintain or increase the value of your property.

    Users who value sustainability will also find the information they are looking for: Liiva indicates the property’s energy consumption, provides general information on energy-related refurbishment and on the specific potential of the property for energy-related improvements.

    The modernization planner shows to what extent the energy efficiency of your home can be increased and energy consumption reduced by replacing the heating medium and switching to renewable energy sources. The practical tool also provides valuable tips for improving the energy rating.

    Finally, all relevant information about the property is stored in a “digital house folder” and can be called up at any time and from anywhere.

    Do you want to equip your home for an energy-efficient future?

    Learn more about Liiva here

  • Raiffeisen expects prices to slow down for home ownership

    Raiffeisen expects prices to slow down for home ownership

    After rising in the previous quarters, prices for owner-occupied residential property continued to rise in the first quarter of 2022, Raiffeisen Switzerland informed in a statement on the current transaction price index of the cooperative banking group. The prices for single-family homes throughout Switzerland increased by 1.2 percent compared to the previous quarter and by 9.5 percent year-on-year. 0.2 percent more had to be paid for owner-occupied condominiums than in the previous quarter. Year-on-year, prices increased by an average of 6.6 percent.

    The price dynamics on the market for owner-occupied residential property have therefore weakened somewhat compared to the previous quarters, according to the statement. “Due to the recent sharp increase in mortgage interest rates and the restrictive equity and affordability requirements, which are increasingly restricting the group of buyers as prices rise, we expect the price dynamics in the market for owner-occupied residential property to continue to weaken,” says Martin Neff, Chief Economist at Raiffeisen Switzerland. quoted there.

    Viewed by region, however, there are major differences in the development of prices. The prices for single-family houses in the Lake Geneva region and in eastern Switzerland rose by 15.3 percent and 12.5 percent, respectively, above average in a year-on-year comparison. The lowest year-on-year price increase of 4.0 percent was registered in eastern Switzerland. In addition, analysts have observed above-average increases in house prices in tourist communities and urban centers.

  • Loanboox now enables real estate financing

    Loanboox now enables real estate financing

    The Zurich start -up Loanboox enters the brokerage of loans for housing cooperatives, real estate funds and companies. The financing expert Patrick Zurfluh is joining the company as Head of Real Estate Financing, according to a press release .

    The first pilot transactions have already been completed, including a housing cooperative from the canton of Zurich. By processing via Loanboox, the borrower was able to save 20 percent of the financing costs and more than halved her expenses.

    As Head of Real Estate Financing, Patrick Zurfluh wants to advise and support real estate companies in the future. Before that, he worked for the Raiffeisen and Credit Suisse banks as a real estate financing specialist. “It struck me that real estate financing should be made simpler and more cost-efficient. That’s why I’m with Loanboox now,” he is quoted as saying in the media release.

    Loanboox has been brokering loans from investors to public sector borrowers for five years. All parties can view and organize their documents and communications as well as deadlines via the Loanboox digital money and capital market platform. Municipalities, cities and large companies have received 2,500 loans through Loanboox to date. The company is also open to partnerships with associations and organizations.

  • Raiffeisen does not see any corona city escape

    Raiffeisen does not see any corona city escape

    Raiffeisen considers the “often rumored thesis of the great Corona city flight” to be insubstantial. “The city remains an extremely attractive residential area. But that literally has its price, ”Raiffeisen chief economist Martin Neff is quoted in a press release on his bank’s current transaction price index. “People are turning their backs on her only because of the high housing costs.”

    As the figures for the third quarter of 2021 show, every minute of commuting time around Zurich costs 21,000 francs for a single-family home and 15,500 francs for a condominium. On average, condominiums were traded 2.0 percent more expensive than in the previous year. According to the information, the prices for single-family houses rose by 4.4 percent, the faster than ever since the launch of the Raiffeisen transaction price index.

    Compared to agglomeration communities, urban locations have lost their attractiveness. But despite the recent increase in the vacancy rate in the cities, the vacancy rates in the centers are still very low. Overall, Raiffeisen sees a “soft landing” for the rental housing market.

    Scarce land is being built on more and more densely. While in 2000 43 percent of new residential units were built in single-family houses, in 2020 it was only just under 11 percent. The proportion of apartments that have been newly created through additions, extensions and other renovations has almost doubled within ten years from 7 to 13 percent.

    In the countryside and in tourist regions, AirBnB remains good business despite the pandemic. “Compared to the regular rental housing market, some extremely attractive returns could be achieved there,” says Neff. “In the big centers, however, the business is usually not worthwhile after deducting all costs.”

  • A whole ship for the real estate industry

    A whole ship for the real estate industry

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    Where does this saxophone come from? –Mr. G-Sax, one of the most renowned saxophonists in Switzerland, shortens the waiting time at the entrance control. “This is my 10th time here,” he says during a break in play. «The Immo-Boat was a hit right from the start. The whole real estate scene meets here in an almost familiar setting. You know each other, talk about the respective business situation and look forward to seeing you again. ” It is also clever that the Immo-Boat has always taken place on a Monday, which Marnie Baldessari from SVIT Zurich confirms: “We always plan the Immo-Boat on the last Monday of August. Because of Corona, it was September this year. But on Monday, unlike other days of the week, people have time. “

    After previous speakers such as Thomas Borer (2011), Valentin NJ Landmann (2013), Jean-Claude Biver (2016), Bertrand Piccard (2017) or Ottmar Hitzfeld (2018), this year Mario Gyr, Olympic champion, rowing world champion and European champion in the lightweight foursome without a helmsman as well as Olympic diploma holder from London 2012, the honor. In his presentation, he chatted freshly and freely from the sewing box of a top athlete and repeatedly drew parallels to today’s working life, and not only in the real estate industry. With his thoroughly sympathetic manner, he conquered the audience in no time and thanked him by handing around his gold medal, which feels much heavier than expected in terms of weight.

    Once again, the Lake Zurich tour on the MS Panta Rhei felt like a vacation: an idyllic ambience and wonderful landscapes, entertaining conversation partners and a cheerful after-work atmosphere among all guests are essential success factors. At the end of the evening there was not only fine wines and a generous aperitif, but also a cigar lounge on the sun deck. “Even people who normally don’t indulge in cigars come here to a Stump”, said one guest, almost cynically. Even the lighting glitch did not detract from the leisurely philosophizing. But on the contrary. Many a lady bobbed to the cool Mr. G-Sax beat almost like in the disco.

    True to the motto “Never Change a Winning Team”, along with SVIT CEO Pascal Stutz, Marnie Baldessari and Christoph M. Steiner, SRF presenter Monika Schärer was also present for the tenth time. No question: Both the Swiss Real Estate Association (SVIT) Zurich and the hosts ImmoScout24, Quooker, Raifeisen, Siemens Hausgeräte, Sunrise UPC and immo! Nvest can be satisfied. The tenth edition of the networking event for executives from the real estate industry will also be fondly remembered by all those involved. For Marnie Baldessari, every issue of Immo-Boat is a highlight: “We have many returning guests and we even have a waiting list. But because of Corona this has become shorter than it was before. ” Ship ahoy: See you again in 2022!

  • Mobiliar and Raiffeisen launch platform for home ownership

    Mobiliar and Raiffeisen launch platform for home ownership

    Mobiliar and Raiffeisen founded the Liiva joint venture at the beginning of the year. This is now starting with a digital home ownership platform of the same name. Users should be supported with all homeowner needs, according to a media release .

    Specifically, Liiva offers various digital tools. For example, it helps when buying a home by clearly displaying suitable advertisements on the largest real estate marketplaces. The platform also offers homeowners, for example, support in assessing the market value, assessing the current condition of the building and in renovations. Functions related to the sale of real estate are also to be activated soon.

    "We want to digitally mirror the customer proximity of our parent companies and make life noticeably easier for both existing and future homeowners," said Phil Lojacono, CEO of Liiva, in the press release. Lojacono is also the founder of the Zurich fintech company Advanon, which was taken over by CreditGate24.

    The Mobiliar and Raiffeisen want to stir up the traditional real estate market with Liiva and drive the digitization of the industry, it is said. They each have a 50 percent stake in the Zurich-based joint venture. The Chairman of the Board of Directors is Philipp Ries, who also works as Head of EMEA Assistant Distribution Partnership at Google in Zurich. He is also Chairman of the Board of Directors of the holiday provider Hapimag.