Prices for residential property remain stable
In July, prices for single-family homes and condominiums remained at the same level as in June. This is shown by the latest ImmoScout24 purchase index. In addition to price and location, prospective buyers are increasingly focussing on the energy efficiency of their home.
“Residential property prices go on holiday in July”, ImmoScout24 headlines a press release on the current ImmoScout24 Purchase Index. It is compiled monthly by the property marketplace belonging to SMG Swiss Marketplace Group AG in collaboration with IAZI, a consultancy specialising in real estate. According to the current index, prices for single-family homes in July remained at the previous month’s level. Prices for condominiums rose by just 0.1 per cent.
According to the experts at ImmoScout24 and IAZI, prospective buyers are increasingly looking at energy efficiency as well as price and location when choosing a property. “Those who pay attention to sustainable construction methods or invest in energy-efficient modernisation and solar panels will benefit in the long term and even twice over,” explains Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, in the press release. In addition to lower electricity and heating costs, Waeber cites a comparatively stable property value: “Market data shows that energy-efficient houses and flats are less susceptible to price fluctuations”.
From a regional perspective, only the greater Zurich region and eastern Switzerland are clearly bucking the trend for single-family homes, with an increase of 1.2 per cent and a decrease of 0.9 per cent respectively. In the case of owner-occupied flats, Northwestern Switzerland is cited as the “upward outlier” with an increase of 2.3 per cent. The biggest drop in prices for condominiums was recorded in Central Switzerland with 1.1 per cent.
ImmoScout24 is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.