Business · Economy · 12 hrs ago

Swiss home prices rose in the third quarter

Swiss home prices rose in the third quarter

Prices for owner-occupied homes in Switzerland rose in the third quarter.

Detached houses became 2% more expensive than in the previous quarter, while apartment properties rose 1.7%.

Over the year, apartment properties rose 5.9% and detached houses 3.6%.

Price changes varied by location: detached houses rose most in the Zurich region, while apartment properties rose most in southern Switzerland.

The main reason given for the continued increases is that too few homes are available for sale.

Fixed mortgage rates have risen in recent months, but the increase has not been enough to reverse the price trend.

The figures track completed property sales, and no further market developments are specified.

What people are saying

The moderate rise in interest rates is not enough to reverse the strong price momentum in the home market; supply is and remains too limited.
Fredy HasenmaileRaiffeisen chief economistvia finews.ch
The prospect of a possible end to the Swiss National Bank’s zero-interest-rate regime has caused fixed mortgage rates to rise in recent months.
Fredy HasenmaileRaiffeisen chief economistvia finews.ch

Sources

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