Trump’s customs policy is felt in Swiss real estate in the first half.Image: Imago/Shutterstock
The prices of houses and apartments accelerate in Switzerland in the first half. But Donald Trump’s trade war shows “a certain reluctance” among buyers, experts note.
12.08.2025, 09:3812.08.2025, 09:47
Swiss real estate continued to take off in the first half, both for the prices of houses and apartments. The demand for ownership housing has increased, supported by the low interest rates, but the economic uncertainties caused by the American trade war could make buyers hesitate.
Over the first six months of the year, apartments’ prices jumped 4.2% over a year, with an increase of 4.5% in French -speaking Switzerland and 3.8% in the country’s German part, detailed the MoneyPark financial services portal Tuesday in a study.
Those of the houses even flew up 7.4% on the national average, with 7.4% in German -speaking Switzerland and 7.5% in Romandie.
The impact of customs duties
“Due to the weakness of interest rates, an even more pronounced recovery of the market could be expected, but the policy of selecting the stricter files of mortgage providers and the uncertain economic situation, made very unpredictable in particular by American customs policy, reveal a certain reluctance” among the buyers, found the experts of Moneypark.
The increase in the market should still continue in the second part of the year, “because buying should remain significantly more advantageous than renting for the moment”, according to the study. (JZS/ATS)
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In the United States, Switzerland will be even more taxed than it feared. The Federal Council is very disappointed with this blow.
The Federal Council has taken note of “regret” of additional customs duties imposed by the United States. Switzerland continues to aim for a solution negotiated with the United States, said the spokesperson for the Federal Finance Department (DFF).