For many, their own four walls are a dream. However, the Swiss have to dig deeper and deeper into their pockets for this dream.
In addition to single-family houses, condominiums continue to enjoy unbroken popularity.
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Especially during the corona pandemic, the importance of one’s own living space increased. And this trend is also reflected in the price development. The advertised house prices rose by 1.9 percent in August. The significant increase of 3.4 percent over the past twelve months is even more clear, according to the Swiss Real Estate Offer Index published by ImmoScout24 and the real estate consultancy IAZI on Wednesday. Classic single-family homes are particularly popular, if possible in the countryside. On average, a house with 160 square meters of living space costs 1.05 million francs.
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In addition to single-family houses, condominiums continue to enjoy unbroken popularity. In August the price demands rose by 0.9 percent, over the past twelve months by 4.0 percent. A typical apartment with 110 square meters of living space is currently being advertised for an average of CHF 800,000.
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Corona opens up new possibilities
The high prices are and will remain a hurdle for many. But thanks to the corona virus, new opportunities are also opening up. “While close proximity to the workplace was previously a must for most, peripheral regions are now also an option – thanks to flexibility and home office,” Martin Waeber, Managing Director of ImmoScout24, is quoted as saying. This enables many to take the step into owning or buying more living space.
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So far, tenants have been spared the price increases. The rents have practically not changed at -0.1 percent in August, it is said. The increase of 0.4 percent over the past twelve months is also very moderate.
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(SDA)
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