Across Switzerland, the month-over-month change was minimal. The ImmoScout24 Purchase Index shows a 0.1 percent decline for single-family homes in September and a 0.2 percent increase for condominiums. These figures are based on an analysis of listings by ImmoScout24 and IAZI as of September 30, 2026.
A Correction Follows August
For single-family homes, this pause also represents a reversal from the previous month. Following the sharp rise in August, sellers slightly reduced their asking prices again. While the housing market remained stable at the national level, regional submarkets diverged significantly.
Zurich sees a decline to
The decline was particularly sharp for single-family homes in the greater Zurich area, down 2.7 percent compared to August. Listed home prices also fell in the Mittelland, Central Switzerland, and Ticino. By contrast, prices were higher in the Lake Geneva region, Eastern Switzerland, and Northwestern Switzerland.
Apartment prices continue to rise slightly
The moderate upward trend in condominium prices continued. Average asking prices rose by 0.2 percent nationwide. Regionally, asking prices increased in Ticino, northwestern Switzerland, the Lake Geneva region, and Central Switzerland. The greater Zurich area and Eastern Switzerland recorded slightly lower asking prices, while the Mittelland remained nearly at the previous month’s level, down 0.2 percent.
Year-over-year, the index continues to show upward pressure despite the September lull. As of the end of September 2026, single-family homes across Switzerland were 4.1 percent above the previous year’s level, and condominiums were 4.2 percent higher. For developers, marketers, and owners, this means that the market is not shifting, but rather reacting more selectively and correcting regional price assumptions more quickly.
