(Financial) services Ten cantons are seeing signs of a slowdown in the real estate market
The Swiss real estate market is likely to feel the effects of demographic change more and more clearly over the next few years. The ageing population and the shift in demand towards smaller residential properties is likely to cause problems for certain regions.
28.01.2026, 07:11
SDA
This is the conclusion reached by the real estate experts at MoneyPark. The findings: demographic developments are presenting the housing market in several Swiss cantons with profound structural challenges. This is particularly evident in ten "loser cantons", according to the analysis published on Wednesday.
Ageing population a burden
These include Ticino, Bern, Neuchâtel, Jura, Appenzell Ausserrhoden, Nidwalden, Obwalden, Graubünden, Glarus and Schaffhausen. These regions account for around 23 percent of the total mortgage volume in Switzerland.
At the same time, these cantons are also undergoing the greatest demographic change and, according to the study, are already experiencing stagnating or even declining demand for housing.
The core of the problem lies in the age structure. Population growth in these cantons is taking place almost exclusively in the over-65 age group.
"This population group rarely moves and hardly ever asks for new living space," says MoneyPark CEO Lukas Vogt. At the same time, the number of people of working age is shrinking.
This is reducing the number of potential buyers and tenants, which is depressing transaction figures and slowing down price development. In several cantons - for example in Ticino, Graubünden and Jura - this trend is already visible today: demand for residential property is weak, selling times are increasing and price markdowns are becoming more frequent.
