Real estate Single-family homes more affordable and condominiums more expensive
Real estate prices moved in opposite directions in February. The asking prices for single-family homes fell slightly, while those for condominiums rose.
06.03.2025, 08:05
SDA
Overall, according to a survey, the trend towards a slowdown in increases is continuing in all residential segments. "Anyone looking for a single-family home who has so far missed out can sometimes benefit from a minimal reduction in asking prices in February," according to the latest "Swiss Real Estate Offer Index" published on Thursday by Immoscout24 and the consultancy firm IAZI.
The asking prices for single-family homes published in advertisements have fallen by 0.1 percent. At the same time, prices for condominiums rose by 0.6 percent in the same period. Overall, this confirms that prices for owner-occupied homes have stabilized at a high level since summer 2024, according to the conclusion.
Few buyers for single-family homes
The price spiral for single-family homes has been slowing down for some time now: "Compared to the end of April 2024, prices for newly advertised properties have risen by less than 1 percent - well below the long-term average of around 3 percent," Martin Waeber, Managing Director Real Estate at the Swiss Marketplace Group (SMG), which operates Immoscout24, was quoted as saying in the press release. "This could be an indication that demand is stagnating due to the limited number of buyers."
However, the trend for condominiums is less pronounced: "With an increase of 2.4 percent in the same period, the price trend for condominiums is only slightly below the long-term average," Waeber continues.
Lower rents in Zurich
Meanwhile, rents fell in some regions in February. On average across the country, apartments were advertised with rents that were 0.5 percent lower overall.
Rents fell in Central Switzerland (-1.7%), for example, followed by the greater Zurich region (-0.8%), the Lake Geneva region and Ticino (-0.5% each). In contrast, there were slight increases in Northwestern Switzerland (+0.2%), Eastern Switzerland and the Central Plateau (+0.1% each).
