Real estate prices in 2024: This is how much rent, ownership and second homes will rise

Real estate prices in 2024: This is how much rent, ownership and second homes will rise

According to a report by www.blick.ch, housing prices in Switzerland are expected to continue to rise. According to a study by Wüest Partner, the prices for condominiums, single-family homes, second homes and rental apartments will also rise in 2024.

On average in Switzerland, prices for condominiums rose by 3.0 percent, while prices for single-family homes rose by 1.5 percent and for second homes by 6.6 percent. The 10 percent increase in single-family homes for secondary use was particularly significant. At the same time, rents across Switzerland rose by an average of 4.7 percent.

According to the study, the high demand for condominiums and single-family homes is influenced by increasing demand and a lack of alternatives in the rental housing market. The experts at Wüest Partner predict further price increases for condominiums and single-family homes for the current year.

In addition, an increase in rental costs of 3.7 percent is expected, as the supply of rental apartments is tight and there is no relief in sight. Purchasing second homes has also become more expensive, partly due to the increasing popularity of home offices and the attractiveness of mountain regions in summer.

Overall, the study suggests that the real estate market can expect prices to continue rising in 2024. This could have an impact on the accessibility of housing for broad sections of the population as well as investment opportunities in the real estate sector. It remains to be seen how this development will affect the market as a whole.