According to a study by RealAdvisor, for the first time in 20 years, fewer properties are being sold, which leads to stagnation or even a slight price correction.
Apartment prices in the 1st quarter decreased slightly in the main cities of Switzerland:
- Zurich: -0.2%,
- Basel and Lausanne: -0.4%,
- Geneva and Bern: -0.2%.
House prices were rising at the same time, but not everywhere:
- Geneva: +0.5%,
- Zurich: +0.2%,
- Basel: +0.3%,
- Lausanne: -0.3%.
House prices continued to rise in the following Swiss cities:
- Sion: +1.7%,
- St. Gallen: +1.6%,
- Zug: +1.8%,
- Lucerne: +1.3%,
- Bill: +1%,
- Fribourg: +0.3%.
In the Swiss market as a whole, the number of real estate transactions decreased by 17% in the 1st quarter of 2024. At the same time, sales decreased by 14% in Zurich, 30% in Basel, and 25% in Bern.
"This trend may affect the confidence of buyers and sellers and possibly lead to further stagnation in important markets," experts say.
Tourist regions such as Grisons and Valais did not escape the recession: in Grisons, the number of real estate transactions decreased by 36%.The situation in French-speaking Switzerland is not uniform: in the canton of Geneva, house sales decreased by 21%, in Vaud by 17%, and in Fribourg by 7%.
Source: Telegrafi
