Real estate Prices for residential property rose in the fourth quarter

SDA

3.2.2025 - 08:50

Prices for residential property in Switzerland continued to rise in the fourth quarter. Condominiums in particular have become more expensive.(symbolic image)
Prices for residential property in Switzerland continued to rise in the fourth quarter. Condominiums in particular have become more expensive.(symbolic image)
Keystone

Prices for residential property in Switzerland rose again in the fourth quarter of 2024. The Swiss had to dig deeper into their pockets year-on-year for both single-family homes and condominiums.

Keystone-SDA

The Swiss residential property price index (IMPI) rose by 1.8% to 120.2 points in the period from October to December 2024 compared to the previous quarter, as reported by the Federal Statistical Office (FSO) on Monday. Compared to the same quarter of the previous year, there was an increase of 2.4%.

According to the index, the average annual increase in residential property prices for 2024 as a whole is 1.7%. The prices of single-family homes rose by an average of 1.1% in 2024 and the prices of condominiums by 2.3%.

More expensive condominiums

The price trend for condominiums (+2.9%) contributed slightly more to the increase in the overall index compared to the previous quarter than that for single-family homes (+0.5%).

According to the press release, both segments recorded higher prices than in the previous quarter in all types of municipality. Single-family homes increased in price the most in the urban municipalities of a small agglomeration or outside an agglomeration (+1.0%). In the case of condominiums, prices rose the most in the category of urban municipalities in a large agglomeration (+4.7%).

The IMPI is a relatively new indicator: it has only been published quarterly since the third quarter of 2020. According to the FSO, it is calculated from an average of around 7,000 transactions from all regions of Switzerland. The FSO obtains data from the 28 largest mortgage institutions in Switzerland. These cover a very large market share, as the vast majority of real estate purchases are financed with a mortgage.