Prices for residential property down, rental prices continue to rise
Prices for condominiums and single-family homes fell in January compared to the previous month. At the same time, however, asking rents rose. This is shown by the current Swiss Real Estate Offer Index of the SMG Swiss Marketplace Group.
Prices for residential property fell in the first month of this year, SMG Swiss Marketplace Group(SMG) reports in a press release on the latest Swiss Real Estate Offer Index. Specifically, prices for condominiums in January were 0.6 per cent lower than in December 2024. At the same time, single-family homes were even 2.1 per cent cheaper. In contrast, asking rents rose by 0.9 per cent in the same period.
Year-on-year, prices for condominiums were 1.0 per cent higher in January. At the same time, prices for detached houses rose by 1.4 per cent. The average price per square metre for condominiums is currently CHF 8834, according to SMG. For single-family homes, the average price per square metre is CHF 7591.
“Overall, the Swiss property market continues to be characterised by low and possibly falling interest rates,” Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, is quoted as saying in the press release. The purchase of property is therefore associated with lower financing costs. “However, anyone looking to move into a new tenancy will have to expect price premiums in the coming months due to the tight supply situation,” explains Waeber. The SMG Swiss Marketplace Group brings together the digital marketplaces of TX Group, Ringier and Mobiliar.