Swiss real estate market
Housing prices jump by almost 2% in three months
Price outbreak accelerated with an increase of 1.9% in the second quarter. Rural areas are experiencing the most marked progression.
Rural municipalities display the highest increase with an increase of 3.4%.
Getty Images/iStockphoto
Residential real estate prices in Switzerland experienced a significant increase of 1.9% in the second quarter, according to data published by The Federal Statistics Office (OFS). The Swiss Corps of Residential Real Estate Prices (Impi) reached 123.3 points, which represents an increase of 5.0% compared to the same period of the previous year.
This upward trend concerns both individual houses and property apartments per floor, with notable variations depending on the types of municipalities.
Individual houses have seen their price increase by 1.5% compared to the first quarter. However, this progression is not homogeneous throughout the territory. Rural municipalities display the highest increase, with an increase of 3.4%. On the other hand, the intermediate municipalities constitute the only category where a drop has been recorded, with a decrease of 0.9% of prices.
The property apartments per floor experienced an even more marked increase, with an increase of 2.2% compared to the previous quarter. Unlike individual houses, this increase affects all types of municipalities. Again, it is the rural municipalities that record the strongest increase, with an increase of 3.0%.
These figures have confirmed the continuation of the upward dynamics of the Swiss real estate market, with a reference index (base 100 in the fourth quarter of 2019) which is now 123.3 points, reflecting a substantial increase in residential real estate prices in Switzerland since the end of 2019.
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