✨ From your real estate expert Richard Lüdi, Lage A Immobilien ✨ 📞 041 727 62 60 | 📧 richard.luedi@lagea.ch | 🌐 www.lagea.ch
🍂 A new era of patience for sellers
The interest rate turnaround has turned the real estate world upside down. Selling quickly at top prices is a thing of the past. The story of the M. family from the canton of Aargau shows that even attractive properties such as their lovingly furnished detached house have to wait longer for buyers – and price corrections are unavoidable.
🔍 Realistic price expectations are essential
Adrian Wenger, financing expert at VZ Vermögenszentrum, emphasizes: “The market situation has changed. Sellers who are still assuming 2021 prices or believing rumors need to adjust their expectations. Marketing times have lengthened and the previous bidding rounds are history.
⌛ Extended marketing times in various regions
Sellers in central Switzerland, eastern Switzerland, the greater Zurich area and north-western Switzerland in particular have to plan for longer marketing times. In Valais and the canton of Ticino, sellers need to be particularly patient.
🔑 Adapting to the new real estate reality
Potential buyers have become more critical and banks are checking loan applications more thoroughly. Sellers must be prepared to reconsider the price after a few months without an offer and adjust it if necessary.
📉 Market changes and future prospects
Peter Ilg, Head of the Swiss Real Estate Institute, points to fundamental changes in the market. Demand for condominiums has halved and the rise in interest rates has particularly affected the segment of more affordable houses. Nevertheless, demand for single-family homes and condominiums in good locations remains stable. In rural areas, however, prices could fall in the short to medium term.
🌟 Conclusion: Stable prices and attractive investments in single-family homes Single-family homes remain an attractive form of housing and investment in Switzerland, particularly due to their scarcity. Despite the current challenges, we are optimistic that real estate prices will remain stable overall.
🏢 Owner-occupied apartments: A differentiated market in transition
In addition to single-family homes, the market for condominiums is also showing remarkable trends. While demand for luxury apartments in good locations remains largely stable, a decline can be observed in the segment of more affordable apartments. This is mainly due to higher interest rates and stricter lending conditions.
📉 Market observations In 2020, at the height of the real estate boom, around 3,000 condominium units were financed. This figure has since halved, underlining the significant impact of current market conditions.
🛠️ Renovation requirements as a price driver Another trend in condominiums is the critical consideration of renovation requirements by potential buyers. Many bring architects to viewings and deduct estimated renovation costs from the purchase price. This means that sellers have to be more flexible in their price expectations.
🏡 Future prospects Despite the current challenges, condominiums in urban areas and good locations remain attractive. In rural areas, however, there could be price corrections. In the long term, single-family homes may offer a more stable investment due to their higher proportion of building land.
🔍 Conclusion The market situation for condominiums shows that adaptability and realistic price assessments are crucial. Both buyers and sellers need to adapt to changing market conditions.
We will be happy to provide you with individual advice and in-depth market analyses. Contact us at Lagea Immobilien!
📞 041 727 62 60 | 📧 richard.luedi@lagea.ch | 🌐 www.lagea.ch
#Condominiums #Real estate trends #Market analysis #LageaImmobilien #Interest rate development #Investment real estate
