Housing: Rents stable, property prices rising
In April 2016, rental prices for apartments barely moved across Switzerland compared with the previous month (-0.2%). However, residential property became more expensive again compared with the previous month: single-family homes by 0.7 percent, condominiums by 1.1 percent. This is shown by the latest figures from the Swiss Real Estate Offer Index.
According to the index, rental prices remained largely stable in April compared with the previous month, resulting in a moderate increase of 1.6 percent on an annual basis.
Changes in offer prices for single-family houses and condominiums also remained low. At CHF 6,068 per square meter of net living space, the Swiss Real Estate Offer Index for single-family homes at the end of April was 0.7 percent higher than in March. Over the year as a whole, single-family homes have become 1.3 percent more expensive across Switzerland.
For owner-occupied apartments, the increase on an annual basis is 3.1 percent. The median price level for a square meter of net living space in this property category is currently CHF 7,117 (as of the end of April), representing a month-on-month increase of 1.1 percent.
According to Martin Waeber, Director ImmoScout24, the price differences between condominiums and single-family homes can be explained, among other things, by the fact that condominiums tend to be built closer to city centers than in rural areas, which has an impact on the price. "Those who want to live in centers and suburban communities," says Waeber, "must continue to be prepared to pay more."
The Swiss Real Estate Offer Index is developed by the online portal ImmoScout24 and the real estate consulting company IAZI. have developed a real-time rental index based on rental properties in Switzerland published on the Internet. It is the first real-time rental index based on rental properties published on ImmoScout24 in Switzerland. (ah)
