Demand for residential property is growing again
Published: Monday, Aug 26th 2024, 17:10
Retour au fil d'actualité
Interest rates in Switzerland, which have been falling for more than a year, are once again attracting buyers to the real estate market. Demand for residential property is therefore picking up again. For landlords of office space outside of central locations, however, things remain difficult.
According to an analysis by real estate service provider CSL, more people are now considering buying their own home again. This is because the simultaneous rise in rental prices is making buying a home more financially attractive, CSL explained in its "Summer Survey 2024" of around 200 market players published on Monday.
They are now more optimistic about the residential property market in all five regions surveyed than they were a year ago. Before that, the rapid rise in interest rates by the Swiss National Bank (SNB) had noticeably slowed down the residential property market. CSL speaks of a "clear" trend reversal.
It is not only buying a home that is becoming more expensive, but also renting. The majority of survey participants expect demand to remain strong and rental prices to rise.
The situation on the office market is described as "relatively stable". In Zurich, for example, demand in the city and central districts is still considered to be "very good", while the market environment in the periphery remains difficult. This difference is less pronounced in Bern, while demand is generally perceived to be weaker in Basel.
©Keystone/SDA
French 
English 
German 
Spanish 
Arabic