Swiss housing market 2024: Rents and property prices continue to rise - analysis by ImmoScout24 and IAZI.

Swiss housing market 2024: Rents and property prices continue to rise - analysis by ImmoScout24 and IAZI.

According to a report by www.moneycab.com, rental prices and home ownership prices will continue to rise in 2024. According to an analysis of the Swiss Real Estate Offer Index by ImmoScout24 in collaboration with IAZI, there was a slight increase in the price of rental apartment offers on average in January. Rental prices rose significantly in central Switzerland and northwestern Switzerland in particular, while there was a slight decline in the greater Zurich region. The continued high level of immigration to Switzerland is leading to a housing shortage as rental housing construction cannot keep up with immigration. This is likely to lead to further increases in asking rents.

Home prices have also increased, particularly for single-family homes, which saw a significant jump in prices in January. Sellers are confident that this trend will continue in 2024, as the fall in mortgage interest costs in recent weeks is further supporting demand for properties to purchase.

These developments show that the real estate market in Switzerland continues to be characterized by rising prices. Strong immigration and the associated housing shortage are likely to continue to drive up prices, while lower mortgage interest costs continue to strengthen demand for home ownership. It remains to be seen how these developments will impact the real estate market and the industry as a whole.