Swiss property prices rose almost 2% in 2024
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Swiss property prices rose almost 2% in 2024
Buying a home is becoming increasingly expensive in Switzerland, with the cost of homeownership rising an average 1.7% in 2024, according to surveys by the Federal Statistical Office (FSO).
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The figure is calculated as the average of the four-quarterly changes in the Residential Property Price Index (IMPI). Single-family houses rose +1.1%, owner-occupied apartments +2.3%.
+ Why home ownership is a mirage for most Swiss
In the fourth quarter, the IMPI stood at 120.2 points, up 1.8% compared with the July-September period and up 2.4% year-on-year, data released today showed.
Houses notched +0.5% and +1.4%, respectively, while apartments show changes of +2.9% and +3.2%. Higher prices are found in both market segments compared to the previous quarter, FSO specialists note.
The IMPI is a fairly new indicator: it is calculated from the third quarter of 2020 (with data going back as far as the second quarter of 2019) based on an average of 7,000 transactions recorded throughout Switzerland.
+ Swiss rental market set to become even more expensive
The FSO refers to information from the country’s top 28 mortgage institutions, which cover a large share of the market because the vast majority of real estate sales are financed through a mortgage.
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Home ownership costs in Switzerland up by 2% in 2024
Translated from Italian with DeepL/mga
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