immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Transaktionspreisindex

  • Home prices continue to rise in the 4th quarter

    Home prices continue to rise in the 4th quarter

    The prices for owner-occupied residential property rose significantly in Switzerland in 2021. According to the Raiffeisen Switzerland transaction price index, this dynamic rise in prices continued in the fourth quarter. According to a press release , private homes were 1.6 percent and condominiums 1.8 percent more expensive than in the previous quarter. Calculated for the whole year, i.e. compared to the 4th quarter of 2020, prices for single-family houses rose by 10.3 percent. Condominiums were 7.2 percent more expensive than a year ago.

    “The price dynamics on the market for owner-occupied residential property will therefore remain high. Prices are rising across the country and in all types of communities, ”Martin Neff, chief economist at Raiffeisen Switzerland, is quoted as saying. The price development is strongest in tourist regions.

    According to the quarterly published index, house prices in tourist municipalities rose by 13.6 percent within one year, much faster than in other types of municipalities. In the case of condominiums, too, prices rose the most in tourist communities, with a plus of 12.3 percent. Condominiums were also 9 percent more expensive in the major centers year-on-year.

    Broken down by region, the price pressure is highest in the Eastern Switzerland region with a plus of 13.3 percent, followed by the Central Switzerland region (+11 percent). In the regions of Bern (+5.5 percent) and Lake Geneva (+5.8 percent) the price increase was lower. In the case of condominiums, prices rose the most in the southern Switzerland region, at 9.4 percent. Western Switzerland recorded the lowest price increases of 5.8 percent compared to 2020.

  • 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.”