Demand for single-family homes remains high
Single-family homes were 0.8 per cent more expensive in June than in the previous month. Prices for condominiums rose by 0.2 per cent in the same period. Demand is being fuelled by lower financing costs. This is shown by the current ImmoScout24 purchase index.
“Single-family homes remain very popular,” is how ImmoScout24 introduces a press release on the current ImmoScout24 Purchase Index. It is compiled monthly by the property marketplace, which belongs to SMG Swiss Marketplace Group AG, in collaboration with IAZI, a consultancy specialising in real estate. Compared to May, prices for single-family homes have risen by 0.8 per cent. In a year-on-year comparison, they have risen by 3.6 per cent.
At 0.2 per cent, prices for owner-occupied flats rose much more slowly than prices for single-family homes. However, they had risen significantly by 0.8 per cent in May. Year-on-year, prices for condominiums rose by 4.5 per cent.
The press release cites the current favourable financing conditions following the Swiss National Bank’s return to zero interest rates as a driver of demand. “For prospective buyers, now is a favourable time to consider the step into home ownership, especially with a view to planning security,” explains Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group.
From a regional perspective, the rise in prices for owner-occupied flats was primarily driven by a significant increase in Central Switzerland. Above-average price increases for single-family homes were recorded in June in the regions of Lake Geneva, north-west Switzerland and eastern Switzerland.
ImmoScout24 is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.