House prices are levelling off

The ImmoScout24 Purchase Index has analysed price trends for detached houses and flats listed for sale in April 2026. Compared with the previous month, prices for detached houses have fallen slightly, whilst prices for flats have remained unchanged.

Zürich, May 2026

Asking prices for detached houses fell by 0.2 per cent in April 2026. For flats, prices remained largely unchanged, with a rise of 0.1 per cent in April. According to a statement on the ImmoScout24 Purchase Index, the reason for this levelling off in prices could be a slight decline in prospective buyers’ willingness to pay. ImmoScout24 is part of SMG Swiss Marketplace Group AG, which brings together the digital marketplaces of TX Group, Ringier and Mobiliar. The index was compiled in collaboration with the property consultancy IAZI.

Prices for prospective buyers remain high, however. The average price per square metre of living space in detached houses is 8,018 Swiss francs. Specifically, prices fell by an average of 17 Swiss francs per square metre in April. For owner-occupied flats, the price per square metre stands at 9,422 Swiss francs.

Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, puts the price trend into perspective: “On an annual basis, prices are still well up, at 4.3 per cent for detached houses and 4.4 per cent for flats. However, the current figures suggest that potential buyers are looking more closely and are no longer willing to pay any price.”

There are marked regional differences: for detached houses, Central Switzerland recorded the sharpest decline at minus 4.2 per cent. The Swiss Plateau (minus 1.5 per cent) and Eastern Switzerland (minus 0.6 per cent) also saw declines. By contrast, there were increases in north-western Switzerland (up 1.2 per cent), the Lake Geneva region (up 0.9 per cent), the greater Zurich area (up 0.8 per cent) and Ticino (up 0.7 per cent).

For owner-occupied flats, the sharpest decline was in Ticino, at minus 0.8 per cent. North-western Switzerland (minus 0.7 per cent) and Eastern and Central Switzerland (both minus 0.6 per cent) also saw slight declines. Rising prices were recorded in the Lake Geneva region (up 1.2 per cent) and the Swiss Plateau (up 0.9 per cent), whilst Zurich remained virtually stable at 0.2 per cent.

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