Lage A Immobilien presents:

Swiss real estate market: price trends

Single-family homes::

An interesting trend is emerging in the Swiss real estate sector. After a long period of steady price increases for single-family homes, a trend reversal can be observed in the last quarter. A recent analysis by Raiffeisen Switzerland shows that prices for single-family homes fell by 1.0% in the fourth quarter of 2023 compared to the third quarter. Despite this decline, single-family homes are still 2.2% more expensive over the year as a whole than in 2022. This slight decline could provide a foretaste of 2024, although experts such as Raiffeisen chief economist Fredy Hasenmaile expect price declines to remain within narrow limits.

Condominiums::

The situation is quite different for condominiums. Here, a price increase of 1.7 percent was recorded in the same period. Over the year as a whole, the price of condominiums rose by a remarkable 5.9 percent. Demand for condominiums, particularly in urban areas, remains high, which is reflected in a price increase of 6.6% in urban communities.

Regional differences:

Real estate prices in Switzerland show clear regional differences. While condominiums became more expensive in all regions, with particularly strong increases in central Switzerland (13.5%) and Zurich (9.6%), the picture is more mixed for single-family homes. In the Lake Geneva region and Central Switzerland, prices for single-family homes rose significantly, while they fell slightly in Zurich, Southern Switzerland and Northwestern Switzerland. The decline in prices for houses in tourist communities is particularly striking, falling by 2.7 percent within a year.

Conclusion:

These developments in the Swiss real estate market offer important insights for both owners and prospective buyers. For owners of single-family homes, it could be a good opportunity to find out about possible sales options, especially in regions with rising prices. Prospective buyers, on the other hand, should focus on the regional price differences and possibly benefit from the current price reductions. One thing is clear: the Swiss real estate market remains dynamic and offers both challenges and opportunities.