Residential real estate becomes even more expensive
The Swiss dream of owning a home is alive and well—but it’s increasingly out of reach for many, as residential property prices continue to rise.
According to a monthly report from ImmoScout24 released Friday, asking prices for residential properties in Switzerland rose again in May. Condominiums saw a price increase of 0.8% compared to April, while single-family homes edged up by 0.3%.
The year-on-year figures reveal a more dramatic trend: compared to May 2024, condo prices are up 3.8%, and single-family homes have surged by 5.8%.
Optimism among sellers despite soaring prices
The continued price growth suggests that sellers remain confident in the market. Despite already high property costs, many believe buyers are still willing to pay premium prices.
Regional differences highlight uneven market
Price trends vary significantly by region. The Lake Geneva area currently has the largest supply of condominiums, while the Central Plateau also offers a wide selection of properties. In contrast, Zurich faces a housing crunch, with far fewer listings available.
This limited supply is pushing prices up sharply—single-family homes in the Zurich area jumped 3.9% in May alone. Ticino (+1.2%) and the Central Plateau (+1%) also saw noticeable increases. However, Eastern Switzerland bucked the trend, with house prices falling by 2.1%.
Condo prices show mixed movement across regions
The condo market paints a slightly different picture. Eastern Switzerland recorded the biggest jump at 2.7%, followed by Central Switzerland at 2.3%. Zurich and Ticino each saw modest gains of around 1%. Meanwhile, prices dipped slightly in northwestern and central regions.
The data comes from the ImmoScout24 Purchase Index, compiled in collaboration with IAZI AG. This monthly index tracks asking prices for condos and single-family homes, offering an early snapshot of market trends.