The prices of apartments in Switzerland have reached an all-time high 2021
The prices of apartments in Switzerland have reached an all-time high 2021

The prices of apartments in Switzerland have reached an all-time high

The increased demand for real estate in Switzerland has led to a serious increase in prices. In the period from July to the end of August, the cost of a square meter in the country has thus increased by 1.8% — up to 8,680 dollars. Therefore, according to the monthly index of the Swiss real estate market, the average price of an ordinary, 100-square-meter apartment has now reached 866,070 dollars.

At the same time, the cost of private houses, which had been going up over the past few months, remained at the same high level. If you take a property with an average area of ​​160 square meters at its average price of $ 7,730 per sq. meter, then the object’s cost will exceed $ 1.2 million.

An expert’s predictions

According to Martin Weber, Head of Operations at Scout24, no significant changes are expected in the Swiss real estate market in the near future. The number of offers will probably stay limited. This is due to the fact that Swiss owners are in no hurry to sell, so they tend to wait for an even greater rise in the cost of housing.

According to the expert, only two circumstances can change the situation with real estate prices so that property will begin to sell at cheaper rates:

  1. A rapid increase in the number of new buildings.
  2. Falling demand for housing, for example, due to an increase in mortgage interest rates.

At the moment, there is no sign of either of these two circumstances in the real estate market.

The situation with rental prices

Due to low rental rates in central, eastern, and north-western Switzerland, the average monthly rent decreased by 0.5%. In contrast, rental rates actually increased in other regions of the country rental rates, but insignificantly.

Share using
Realting uses cookies on Realting.com to analyse usage of the website and to enable content sharing on social media. Cookies may be placed by third parties. By closing this message and continuing to use the site you consent to Learn more
Yes, I agree
You have questions?
You have questions?
Get advice from our managers
_account_m_fio_3
Elena
Khotsko
Phone number
+375293706655
WhatsApp
Yusuf<br> Makka
Yusuf
Makka
Phone number
+375296748420
WhatsApp
Konstantin<br> Dvorak
Konstantin
Dvorak
Realting uses cookies on Realting.com to analyse usage of the website and to enable content sharing on social media. Cookies may be placed by third parties. By closing this message and continuing to use the site you consent to Learn more
Yes, I agree