
The rise in risk in the housing market is levelling off
The Swiss residential property market appears less overheated in the second quarter of 2026. MoneyPark’s risk index has fallen from 3.7 to 3.5 points. However, it is still too early to breathe a sigh of relief, as unemployment, strict affordability rules and significant differences in interest

Basel is struggling with a growing commercial vacancy rate
511,000 square meters of unused commercial space in the two Basel cantons mark an abrupt reversal of the trend. While the housing market continues to dry up, vacancies in retail, commercial, and warehouse spaces in particular are rising sharply, intensifying the pressure on property owners and

Stability Is a Matter of Location Policy
The global economy is navigating turbulent waters. Trade conflicts, military escalations, and fragile supply chains are putting pressure on companies. Yet in the canton of Zurich, the economy remains remarkably stable. The reason lies deep within the region’s profile and is particularly evident

Zurich Residential Buildings Are Facing a Yield Crisis
An apartment building on Döltschiweg in Zurich, with a clear need for renovation, is on the market for 7.8 million Swiss francs. This case illustrates how the low-interest-rate environment and investment pressure are driving even weak residential properties to price levels that leave virtually no

Rental market stagnates, cantons slip into the red
In Switzerland, asking rents remained virtually unchanged in July 2026, although they fell in 15 cantons. The national index remained at 134 points. This reflects a noticeable summer lull, whilst the year-on-year comparison, at plus 2.4 per cent, still does not indicate any easing of price

Germany’s property prices are falling sharply
Germany’s property market is slowing down significantly in the second quarter of 2026. Purchase prices are rising only marginally, the residential property market is losing momentum, and office property values are once again falling. For investors, developers and lenders, this is heightening

Bern’s housing market remains extremely tight
Even 351 vacant flats in Bern are still not enough to provide even a minimal buffer. As at 1 June 2026, the vacancy rate remained at 0.44 per cent, even though the housing stock had risen to 79,797 units by the end of 2025 and new builds had already been fully

The pressure from Hypozins is only briefly dampening the shopping frenzy
The cost of home ownership in Switzerland continues to rise in July 2026, but at a significantly slower pace. Flats are still up by 0.3 per cent month-on-month, whilst detached houses have risen by just 0.1 per cent. At the same time, fixed-rate mortgages rose noticeably up to 25 July, making

Innerrhoden pays the highest housing allowance
According to a recent analysis by Wüest Partner, Appenzell Innerrhoden tops the list of Swiss cantons with the highest risk of overvaluation for detached houses. Prices there are around 16 per cent above their fundamental value, but the small size of the market means this warning is susceptible to

More licences granted, but rental pressure remains
Although the approval of around 52,000 new homes marks a statistical turning point in Switzerland, this is barely noticeable on the rental market. Construction is taking place mainly outside the regions with the greatest shortages, whilst refurbishments are tying up capacity and asking rents

Eight-Year High in Permits, No Impact on Rents
Cranes are once again a common sight on Swiss construction sites. Last year, the number of new apartments approved was the highest it has been in eight years. Anyone hoping for lower rents is likely to be disappointed. The construction boom is simply not enough to meet the pent-up

Brienz is fighting to delay the move for the time being
Ten objections are holding up the preventive resettlement project in Brienz/Brinzauls. However, the municipality of Albula/Alvra only gave its clear approval for the loan of 82.56 million Swiss francs on 10 July 2026. For property owners, this means that not only the financing but also the

Affordable holiday flats remain scarce in the Alps
Evolène and Goms top the list of the most affordable Alpine destinations analysed for 2026. According to UBS, prices for holiday homes there stand at 6,600 and 6,700 Swiss francs per square metre. At the same time, prices for second homes in the Alps continued to rise across Switzerland in 2025,

Mortgage rates are rising again in July
In Switzerland, published mortgage reference rates have risen across all standard terms since the start of July 2026. This means that new mortgages are becoming more expensive for homeowners and buyers, even though effective interest rates remain below the spring highs and banks are coming under

Aargau Cannot Stop Higher Assessed Rental Values
In Aargau, the increase in imputed rental values remains in effect. An external legal opinion supports the cantonal government’s position and rules out a freeze or a retroactive adjustment. For property owners, the debate has thus shifted from the valuation to the question of possible tax

Logistics space is driving commercial construction
Between the second quarter of 2025 and the first quarter of 2026, building permits for industrial and logistics space totaling 4.4 billion Swiss francs were issued in Switzerland. Demand remains high, even though available space is scarce and permitting procedures are slowing down new

Residential buildings are driving the market, while older properties are coming under pressure
In 2026, Swiss residential real estate will remain the preferred source of stability for many institutional portfolios. At the same time, ESG requirements, renovation costs, and location quality are having a greater impact on valuations than in the past, particularly for older office and

Zurich scraps the old rule on renting and buying
In the canton of Zurich, home ownership became even more expensive in the second quarter of 2026. At the same time, rents for existing apartments are falling slightly. As a result, buying is no longer automatically the better option. Those who stay in the same apartment for a long time often end up

The “imputed rental value” trick that failed in court
Higher tax bills, delayed decisions, political squabbles. With the largest revaluation of its real estate since 1998, the canton of Aargau has stirred up a hornet’s nest. An external expert report now offers a clear assessment of a controversial political initiative. The demand by the FDP and SVP

Time pressure weighs on project values
Housing remains in short supply, but lengthy procedures, new regulations, and political uncertainty are hampering development. This is putting increasing pressure on valuations, particularly for new construction and replacement projects, because delays and safety margins directly reduce the

Zurich is driving the market for condominiums
Asking prices for residential real estate continue to rise in Switzerland, but the picture is becoming more uneven. In June 2026, condominium prices nationwide rose by 4.5 percent compared with the previous year. The Zurich region saw particularly strong growth, while single-family homes are

Germany’s rental market is outpacing incomes
In major German cities, asking rents have been rising significantly faster than real wages since 2023. At the same time, housing construction fell to 206,600 completions in 2025. This is increasing the pressure on project developers, investors, and cities to provide affordable




Housing preferences and the market are drifting apart
According to the 2026 Dream Home Study, 43 per cent of those surveyed would prefer to live in the countryside, but rising prices, a shortage of properties and high barriers to financing are keeping many in urban centres. The gap is particularly wide among young city

Switzerland is slipping down the rankings
Switzerland has slipped to third place in the 2026 IMD ranking. The slump in economic performance strikes at the heart of the country’s competitiveness: as growth slows and foreign trade comes under pressure, the demands on investment, land and regulation also

Vaz/Obervaz is putting more pressure on the housing market
It is not Zurich, but Vaz/Obervaz that has the most acute housing shortage in the latest municipal ranking. For the Graubünden housing market, this is more than just a curiosity: a vacancy rate of 0 per cent is coupled with tourist demand, construction activity and a limited housing

The housing market remains strong yet vulnerable
The Swiss National Bank considers the residential property market to remain vulnerable in 2025, even though a nationwide correction has not materialised for years. At the same time, according to the Federal Statistical Office (FSO), prices rose again by 1.5 per cent in the first quarter of 2026.
