Home buying even more expensive in Switzerland, prices +2% in 2024
Keystone-SDA
Buying a home is becoming increasingly expensive in Switzerland, with the cost of homeownership rising an average 1.7% in 2024, according to surveys by the Federal Statistical Office (FSO).
+ Get the most important news from Switzerland in your inbox
The figure is calculated as the average of the four-quarterly changes in the Residential Property Price Index (IMPI). Single-family houses rose +1.1%, owner-occupied apartments +2.3%.
+ Why home ownership is a mirage for most Swiss
In the fourth quarter, the IMPI stood at 120.2 points, up 1.8% compared with the July-September period and up 2.4% year-on-year, data released today showed.
Houses notched +0.5% and +1.4%, respectively, while apartments show changes of +2.9% and +3.2%. Higher prices are found in both market segments compared to the previous quarter, FSO specialists note.
The IMPI is a fairly new indicator: it is calculated from the third quarter of 2020 (with data going back as far as the second quarter of 2019) based on an average of 7,000 transactions recorded throughout Switzerland.
+ Swiss rental market set to become even more expensive
The FSO refers to information from the country’s top 28 mortgage institutions, which cover a large share of the market because the vast majority of real estate sales are financed through a mortgage.
More
More
Home ownership costs in Switzerland up by 2% in 2024
Translated from Italian with DeepL/mga
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
