Swiss property prices continue to rise

Offer prices for residential property more expensive again in May Keystone-SDA

The dream of home ownership lives on in Switzerland - but is becoming increasingly expensive, according to the latest property prices for May.

+Get the most important news from Switzerland in your inbox

Many Swiss people want to be able to afford their own home. This is further fuelling the prices for which condominiums and single-family homes are being advertised.

+ The impossibility of buying property in Switzerland

Asking prices for condominiums in Switzerland rose by 0.8% in May compared to the previous month, according to a monthly survey published on Friday by ImmoScout24. The increase for single-family homes was more moderate at 0.3%.

A year-on-year comparison shows how rapidly things are moving upwards: compared to May of the previous year, condominiums rose by 3.8%. For detached houses, asking prices even rose by 5.8%.

+ How retiring baby boomers could crash the Swiss property market

The online property platform concludes that sellers remain optimistic about the Swiss property market. Sellers are apparently assuming that the willingness to pay – despite already very high prices – is still not exhausted.

Zurich homes more expensive

However, the situation varies greatly depending on the region. While the Lake Geneva region offers the greatest supply – especially for condominiums – and there are also many properties on the market on the central plateau, the situation around Zurich looks bleak as supply is much tighter there.

+ Read how Zurich is tackling housing shortages

Single-family homes in particular rose in price in the greater Zurich region by a whopping 3.9% compared to the previous month. Prices also rose noticeably in Ticino (+1.2%) and the Central Plateau (+1%) in May. In eastern Switzerland, on the other hand, asking prices fell by 2.1%.

The picture is somewhat different for condominiums: Prices climbed by 2.7% in Eastern Switzerland and by 2.3% in Central Switzerland. Zurich and Ticino also increased slightly – by around 1% each. By contrast, prices fell slightly in central regions and northwestern Switzerland.

The ImmoScout24 purchase index is a price index that records the asking prices of single-family homes and condominiums on a monthly basis. It is compiled in collaboration with IAZI AG and provides an early indicator of market trends.

Adapted from German by DeepL/mga

How we use technology to translate

We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication. 

Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.

If you have any questions about how we work, write to us at [e-mail]