Residential property prices continue to rise in Switzerland

Buyers of residential property had to dig deeper into their pockets also last year. Average prices continued to rise in almost all regions of German-speaking Switzerland and in Ticino. However, the pace of growth slowed significantly as a result of repeated interest rate hikes, according to an analysis of residential property prices by the Swiss Real Estate Institute on behalf of the property portal Newhome, which was published on Monday. Prices for single-family homes climbed by an average of 3.6%, which was significantly higher than the general inflation rate of 2.1%. In contrast, flats did not become much more expensive (0.4%). + Swiss house prices soar over past 20 years The analysis is not based on prices in the adverts but on the actual sales prices from the Swiss Real Estate Data Pool. This comprises homes financed by Credit Suisse, UBS and Zürcher Kantonalbank and covers around 40% of all transactions in Switzerland. In 2023, 6,631 owner-occupied homes changed hands in...