Real estate prices in Switzerland increased by almost 2% in 2024, according to data from the Federal Statistical Office (FSO).
The residential property price Index (IMPI) rose by 1.7% in the four quarters of 2024. Houses rose in price by 1.1%, and apartments by 2.3%.
The residential property price index (IMPI) in the 4th quarter of 2024 amounted to 120.2 points, which is 1.8% more than in the period from July to September, and 2.4% more year-on-year.Houses rose in price by 0.5 and 1.4%, respectively, and apartments by 2.9 and 3.2%. IMPI is calculated from the 3rd quarter of 2020 (data is available up to the second quarter of 2019) based on an average of 7,000 transactions registered throughout Switzerland.
The FSO refers to information from 28 of the country's largest mortgage institutions, which cover a large market share, since the vast majority of real estate sales are financed by mortgages.Source: Swiss Info
