Multi-family houses on the upswing, office properties stagnating
Prices for multi-family homes in Switzerland rose by 1.3% in the second quarter of 2024 compared to the previous quarter. Compared to the same quarter of the previous year, the increase was even 4.0 per cent. These figures signal a continuing price recovery, despite a price level that is still 10.0 per cent below the peak of the first quarter of 2022. These developments are confirmed by analyses by FPRE (Fahrländer Partner Raumentwicklung).
Rising prices for multi-family homes recorded in Q2 2024. The largest quarter-on-quarter increase was recorded in Eastern Switzerland (2.0%), followed by Basel and the Alpine region (1.7% each) and Jura (1.5%). Only in southern Switzerland did prices stagnate (-0.3%).
Stagnation in office property prices
In contrast, prices for office properties in Switzerland showed a minimal decline of 0.2% in the second quarter of 2024 compared to the previous quarter, indicating widespread stagnation. Compared to the same quarter of the previous year, however, prices rose by 4.0 per cent.
However, the price trend varies greatly from region to region: while prices in southern Switzerland (-4.9%), Zurich (-2.6%) and eastern Switzerland (-0.5%) have fallen compared to the previous quarter, areas such as Lake Geneva ( 4.3%), Basel ( 2.6%) and the Central Plateau ( 1.9%) are showing an upward trend.
Regional trends and their significance
The regional differences in property price trends reflect the specific economic and demographic conditions. Office properties are benefiting from higher demand, particularly in economically strong regions such as Lake Geneva and Basel. This indicates that these locations remain attractive for companies.
The continuing rise in prices for apartment blocks, particularly in eastern Switzerland, Basel and the Alpine region, shows that demand for residential property in these areas remains strong. These trends are an indicator of a robust property industry in Switzerland, despite regional differences and temporary price stagnation in certain segments of the market.