Single-family homes are becoming more expensive
Prices for single-family homes rose by 1.5 per cent month-on-month in September. At the same time, prices for condominiums fell slightly. These are the findings of the latest Swiss Real Estate Offer Index published by the SMG Swiss Marketplace Group.
Offer prices for residential property bucked the trend of recent months in September, SMG Swiss Marketplace Group(SMG) reports in a press release on the latest Swiss Real Estate Offer Index. Prices for single-family homes were 1.5 per cent higher across Switzerland compared to the previous month. At the same time, prices for condominiums fell by 0.3 per cent. The SMG Swiss Marketplace Group combines the digital marketplaces of TX Group, Ringier and Mobiliar.
“In the last twelve months, sellers of single-family homes have turned the price screw in both directions”, Martin Waeber, Managing Director Real Estate at SMG, is quoted as saying in the press release. “September has now seen the highest monthly increase in asking prices since December 2022.” Year-on-year, prices for single-family homes rose by 1.7 per cent in September. Prices for condominiums were up 2.9 per cent year-on-year in the month under review.
SMG’s property experts observed a month-on-month increase of 0.7 per cent in asking rents across Switzerland in September. Above-average increases were recorded for asking rents in the regions of Central Switzerland, Zurich, Northwestern Switzerland, Eastern Switzerland and Ticino. In the Lake Geneva region, on the other hand, asking rents fell by 0.7 per cent.