FPRE: Residential buildings more expensive in Q2, stagnation for offices
According to FPRE, transaction prices for apartment buildings rose in the 2nd quarter, while prices for office properties stagnated.
Prices for multi-family homes in Switzerland rose by 1.3 % in the 2nd quarter compared to the previous quarter. Compared with the same quarter of the previous year, the increase amounted to 4.0 %. This continues the
Price recovery continues. However, the price is still 10.0 % below the peak of the first quarter of 2022, according to FPRE's analyses.
Seven out of eight FPRE regions recorded rising prices for multi-family homes in Q2 2024. The price increases compared to the previous quarter are most pronounced in the regions of Eastern Switzerland (+2.0%), Basel and the Alpine region (+1.7% each) and Jura (+1.5%). Only in Southern Switzerland did prices stagnate (-0.3%).
Stagnation in office real estate prices
Prices for office properties in Switzerland remained virtually unchanged in Q2 2024 compared to the previous quarter, with a minimal decline of 0.2%. Compared to the
However, this results in a price increase of 4.0 % compared to the same quarter of the previous year.
Developments vary from region to region: In the regions of Southern Switzerland (-4.9%), Zurich (-2.6%) and Eastern Switzerland (-0.5%), prices are lower than in the previous quarter. By contrast, prices rose on Lake Geneva (+4.3%) in Basel (+2.6%) and in the Central Plateau (+1.9%). (aw)
