The prices for condominiums rose by 0.90 percentage points across Switzerland in the first half of 2020.
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Keystone
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In the case of single-family houses, prices have even risen by 1.20 percentage points.
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Keystone
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The price increase for single-family houses in German-speaking Switzerland was 1.30 percentage points higher than in French-speaking Switzerland with 1.10 percentage points.
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STEFAN BOHRER
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Property buyers are increasingly relying on long-term fixed-rate mortgages.
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The corona crisis has so far hardly left its mark on the Swiss real estate market. Condominiums and single-family houses have also become more expensive in the first half of 2020. Even during the Corona-hit second quarter, prices rose, albeit a little more slowly.
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In the first half of 2020, prices for condominiums rose across Switzerland by 0.90 percentage points and for single-family houses by as much as 1.20 percentage points. This is shown by a new analysis by real estate broker Moneypark in collaboration with Price Hubble, a company specializing in real estate data.
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Especially in German-speaking Switzerland
The price increase for single-family houses in German-speaking Switzerland was 1.30 percentage points higher than in French-speaking Switzerland with 1.10 percentage points. Prices for condominiums in German-speaking Switzerland also increased by 1.10 percentage points. In Western Switzerland, on the other hand, condominiums have become 0.10 percentage points cheaper.
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Property buyers are increasingly relying on long-term fixed-rate mortgages. According to the analysis, more than half of the mortgages granted in the first half of 2020 have a term of ten years and a further 27 percent even have a term of eleven years or more. French-speaking Switzerland in particular like long-term contracts: a good third had a term of eleven or more years.
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Banks are losing market share
The Libor mortgage has also lost its popularity, but this may also have something to do with the imminent discontinuation of the Libor and the switch to the Saron mortgage.
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In Switzerland, 58 percent of those from Moneypark are still completed mortgage to a bank conveyed. Compared to the previous year, however, the share of banks decreased by 2 percentage points. However, the share of pension funds rose – at least in German-speaking Switzerland – from 19 to 24 percent. (SDA / dvo)