Swiss property prices saw a significant uptick in June, with detached houses leading the increase—particularly in the Lake Geneva region—while Zurich experienced a rare decline.

According to the property platform ImmoScout24, prices for detached houses across Switzerland rose by 0.8% compared to May. On a year-over-year basis, the increase was 3.6%. The data is based on the purchase index, which tracks the prices of owner-occupied homes listed for sale.

The condominium market also experienced price growth, though at a slower pace. After a steep rise in May, prices increased by just 0.2% in June. Year-on-year, however, the increase was a notable 4.5%.

Regional differences

The Lake Geneva area led the country with a 2% monthly increase in single-family home prices. Northwestern Switzerland followed with a 1.6% rise, and eastern Switzerland recorded a 1.5% uptick.

In contrast, price increases were more subdued in central Switzerland (+0.7%) and in the southern canton of Ticino (+0.4%). In Zurich and its surrounding region, detached house prices fell by 0.9%, marking an unusual dip in a typically strong market.

For condominiums, central Switzerland recorded the highest monthly growth at 1.8%, likely driven by tight supply. Eastern Switzerland saw a modest 0.4% rise, slightly above the national average.

Meanwhile, Zurich (+0.1%), Ticino (+0.1%), and northwestern Switzerland (-0.1%) showed little month-to-month change in condominium prices. Slight decreases were observed in the central Plateau (-0.2%) and the Lake Geneva region (-0.3%).

Renting vs. owning

Rents continue to rise in many parts of Switzerland, especially for newly listed properties. ImmoScout24 notes that the gap between renting and owning is widening once again, with home ownership becoming comparatively more affordable in the long run.