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Swiss Housing Market Gradually Stabilizes

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...after three years due to government-imposed cooling measures.

According to the National Bank of Switzerland (SNB), the average price of apartments in private ownership in the country increased by 0.4% during 2020, after a decline of 1.2% in 2019, 1.7% in 2018 and 1% in 2017. In the last quarter, housing prices rose by 1.1% compared to the previous year, according to the portal Global Property Guide.

On Lake Geneva, the average transaction price for private apartments rose 2.1% in 2020 after falling 0.1% in 2019 and 1.4% in 2018. In Zurich, there was a slight decline in prices of 0.7% after falling by 0.5% and 0.8% in the previous two years. In Southern Switzerland, apartments rose by 0.3%, in Central Switzerland prices fell by 1.1%, in the East - increased by 0.4%, in the North-West - by 2.4%. But in the Central and Western regions, they slightly decreased – by 1.1% and 0.4%, respectively. Apartment prices in Bern increased by 1.3% in 2020.

Also read: Maintaining a Property in Switzerland

Reasons, Problems and Economy

According to real estate experts Wüest and Partner, the improvement in housing market conditions was due to higher demand, supported by very low interest rates, strong wage growth, combined with limited supply.

However, low rental yields continue to deter foreign buyers. According to Wüest and Partner, in the fourth quarter of 2020, the return on rental housing was only 1.4-1.9%, compared with 1.7-2.3% two years ago. This is confirmed by a study by the Global Property Guide, according to which the yield on rental apartments in Geneva is 2.8-3.3%, in Zurich – an average of 3.27%.

The Swiss economy is projected to grow by 3% this year and another 3.3% in 2022 as production recovers from the pandemic, according to the State Secretariat for Economic Relations (SECO).

So, what is available on the Swiss market right now?
Mansion for 37 000 000 euro in Geneva, Switzerland
37 000 000 €
Mansion in Geneva, Switzerland
900 sq.m
Switzerland Geneva A mansion in the Embassy quarter A unique offer in the heart of Geneva! Louis XIII style mansion in the heart of Geneva in the Embassy quarter The building of the XIX century by the famous architect John Camoletti The living area of the mansion is 900m2, consists of 4 apartments. Permission has been obtained for...
INDOM
Flat in Montreux, Switzerland (price on request)
Price on request
Flat in Montreux, Switzerland
188 sq.m 4 3 3
Credit
This beautiful apartment with the panoramic view on the Geneva Lake and the Alpes has very nice location in Montreux. The construction is recent, 2008, but its has very nice style Belle Epoque. Big living room, fully equipped kitchen, 3 bedrooms, 2 bathrooms, dressing, 2 balconies and the parking place in the underground garage. The...
Victoria Gaillard sarl
Flat in Montreux, Switzerland (price on request)
Price on request
Flat in Montreux, Switzerland
130 sq.m 5 3 4
Credit
Big, full of light apartment in the center of Montreux Very beautiful, 4 bedroom apartment on the 5th floor, with the panoramic view on the Alps and the lake. The building is situated on the main street and in front of market square and the statue of Freddy Mercury, close to schools, shops transports… Concierge is serving the...
Victoria Gaillard sarl
Penthouse for 5 000 000 euro in Montreux, Switzerland
5 000 000 €
Penthouse in Montreux, Switzerland
175 sq.m 3 2 2
One of the most prestigious penthouses in a historic building on the first line of the Montreux floral promenade. It is possible to purchase from 175 to 375 m2, one apartment is completely renovated, one is still in the process of renovation and there is still the opportunity to choose finishing materials. Top floor, balcony, terrace, parking...
Victoria Gaillard sarl
Flat for 1 200 000 euro in Locarno, Switzerland
1 200 000 €
Flat in Locarno, Switzerland
150 sq.m 4 3 2
Description: the spacious apartment is located in the suburbs of Locarno. Ready to move in from now on. Equipment: - spacious terrace of 34 m2; - entrance hall with built-in wardrobe; - large living room; - open-plan kitchen; - 3 bedrooms; - bathroom with bathtub; - guest bathroom with shower; - solar panels; - barrier-free...
Estate-Service24
Flat for 490 000 euro in Leysin, Switzerland
490 000 €
Flat in Leysin, Switzerland
118 sq.m 3 2 2
Online Viewing Remote Transaction Cryptocurrency payment Credit
Imagine a luxurious 3-room apartment in the beautiful ski resort of Leysan, located in the heart of the Swiss Alps. This apartment is ideal for those who appreciate comfort and luxury while relaxing on the ski slopes. When you enter the apartment, you will feel a sense of comfort and warmth. The apartment has a cozy living room with soft sofas...
Victoria Gaillard sarl
Villa for 4 200 000 euro in Ticino, Switzerland
4 200 000 €
Villa in Ticino, Switzerland
550 sq.m 3 3
The villa is a unique object in the real estate market, as it resembles an old Tuscan farmhouse surrounded by nature, completely renovated in 2006 with everything necessary for a comfortable life. The building has a cubic volume of 2200 m3 - more than 700 m2 of living and utility space, including a reserve of drinking water that feeds the whole...
Estate-Service24
Villa in Geneva, Switzerland (price on request)
Price on request
Villa in Geneva, Switzerland
170 sq.m 6 4 3
Rental property
Luxury three-storey semi-detached house with swimming pool for sale in the picturesque chemin des vignettes 16 quarter, Crans-pres-Celigny, Switzerland. Characteristics of the property: Property type: Semi-detached house. Number of floors: Three-storey. Bedrooms: 4 spacious bedrooms. Bathrooms: 3 modern bathrooms. Description:...
Victoria Gaillard sarl
Flat for 1 990 000 euro in Lugano, Switzerland
1 990 000 €
Flat in Lugano, Switzerland
150 sq.m 5 2 2
Rif.705 10 minutes from Lugano city Luxurious 150 m2 apartment 2 bedrooms 2 bathrooms Terrace Private garage and parking Open lake view The apartment of 150 m2 is located on the 2nd floor of luxurious building in Switzerland, close to the city of Lugano and consists of only 6 luxury apartments, a beautiful garden that reaches the...
Il Globo Real Estate Lake Como
Villa for 7 695 000 euro in Lugano, Switzerland
7 695 000 €
Villa in Lugano, Switzerland
525 sq.m 10 6 6
Rif.706 LUGANO hill side VILLA 525 m2 GARDEN 1950 m2 Indoor pool Cinema Russian sauna The villa of 1978 construction has been completely renovated with the usage of valuable and high quality materials. The house was restored according to new trends, but the original appearance of the building was preserved. The house area is 525...
Il Globo Real Estate Lake Como
Villa for 8 300 000 euro in Lugano, Switzerland
8 300 000 €
Villa in Lugano, Switzerland
790 sq.m 9 4 6
Online Viewing
Rif.950 LUGANO LAKE Villa with about 790m2 Private garden of approximately 1000m2 Completely renovated in 2016 Fully furnished 8.5 rooms 4/5 bedrooms depending on how the rooms are used Beautiful completely renovated villa 5 minutes drive from the border with Italy and just 21km from Lugano city. Very refined and renovated with...
Il Globo Real Estate Lake Como
Apartment for 953 000 euro in Montreux, Switzerland
953 000 €
Apartment in Montreux, Switzerland
75 sq.m 2 2
Apartment size: 75 sq. m➢ 2 bedrooms➢ 2 bathrooms➢ Balcony➢ Garage➢ Location: the city of Montreux Nearby: lake, restaurants, bars, bakeries, shops, pharmacies, post office, banks, hairdresser
NF Group
Apartment for 1 295 000 euro in Montreux, Switzerland
1 295 000 €
Apartment in Montreux, Switzerland
170 sq.m 2
Apartment size: 170 sq. m➢ 2 bedrooms➢ Balcony and terrace➢ With a private elevator➢ Location: the city of Montreux➢ Nearby: city center, shops, railway station station, highway, airport
NF Group
Apartment for 1 545 000 euro in Montreux, Switzerland
1 545 000 €
Apartment in Montreux, Switzerland
124 sq.m 2 2
3rd floor Apartment size: 124 sq. m➢ 2 bedrooms➢ 2 bathrooms➢ Balcony➢ Location: the city of Montreux Nearby: schools, hospital, city center, lake, harbor, railway station
NF Group
Apartment for 1 554 000 euro in Montreux, Switzerland
1 554 000 €
Apartment in Montreux, Switzerland
88 sq.m 1
5th floor➢ Apartment size: 88 sq. m➢ 1 bedroom➢ Lake and mountain view➢ The roof terrace of the complex➢ Location: the city of Montreux➢ Nearby: city center, bus stop, railway station station
NF Group
Flat for 1 905 000 euro in Andermatt, Switzerland
1 905 000 €
Flat in Andermatt, Switzerland
106 sq.m
Located in the Alpine village of Andermatt, this collection of 12 luxury residences and penthouses is ideal for a carefree life in the mountains. Andermatt is a picturesque mountain village in the Swiss Alps. Enter the bright, spacious residences and discover beautifully designed interiors using high-quality materials, cutting-edge household...
NF Group
Flat for 1 753 000 euro in Andermatt, Switzerland
1 753 000 €
Flat in Andermatt, Switzerland
109 sq.m 2 2
This residential complex is a place where life proceeds at a slower pace: natural materials and warm tones create comfort, while the design and architecture reflect the Alpine lifestyle and time-honored Swiss building traditions. The complex consists of 11 luxury residences, 4 impressive penthouses and exclusive amenities for the owners; from...
NF Group
House in Montreux, Switzerland (price on request)
Price on request
House in Montreux, Switzerland
360 sq.m 6 4 4
Online Viewing Remote Transaction Cryptocurrency payment Credit
New luxury modern villa with panoramic views of Lake Geneva and the Swiss Alps. The house is located in a prestigious area near the St. Georges School and La Prairie Clinic. Everything for a comfortable stay and a pleasant stay! City: Chailly - Montreux Number of rooms: 5.5 Living area: 420 m2 Land area: 2'639 m2 Volume: 1'519 m3...
Victoria Gaillard sarl
Chalet for 15 000 000 euro in Arosa, Switzerland
15 000 000 €
Chalet in Arosa, Switzerland
370 sq.m 8 5 6
A chalet in the Swiss Alps is comfort, prestige and a reliable investment. The area is about 370 sq.m. Bedrooms - 5 Bathrooms - 6 The chalet occupies three heated levels and offers the highest level of comfort and elegance. The location of the chalet on the south side offers spectacular views of the surrounding mountain landscape. In...
Estate-Service24
Villa for 35 000 000 euro in Lugano, Switzerland
35 000 000 €
Villa in Lugano, Switzerland
1250 sq.m 15 7 6
Rental property
Luxury 15-room villa with stunning views of the lake and mountains in an elite prestigious area 3 km from the city of Lugano. Number of rooms: 15 Number of bathrooms: 6 Area: 1250 sq.m. Land area: about 4000 sq.m. Parking: 2 underground parking spaces + 6 parking spaces An exclusive villa with luxurious finishes, with a terrace and a swimming...
Estate-Service24

 

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Read also

Housing prices began to fall in Switzerland
Higher interest rates and price corrections are to blame.
Increasing numbers of tenants in Switzerland are suing landlords over excessive rental charges
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The Swiss real estate market is stable
Prices for privately owned apartments continue their modest rise.
The volume of investments in European hotels has declined. But the situation will get better
This data is provided in the report of the HVS consulting company.
High interest rates will have a long-term impact on European home prices – opinion of Standard & Poor’s
In most European countries, housing costs will fall by about 8% by the end of 2024.

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