Condominiums are gaining in value, single-family homes are stagnating

At the start of the year, the Swiss residential property market is proving to be as robust as ever: Sellers continue to anticipate high demand, as evidenced by the trend in advertised prices. While asking prices for condominiums are rising again, prices for single-family homes are stagnating on average across the country. In addition, regional differences with opposing trends are becoming apparent.

Condominiums in multi-story buildings are being advertised at an average of 0,9% higher prices in January. This is shown by the ImmoScout24 Purchase Index, which is calculated in cooperation with the real estate consultancy IAZI. Single-family homes, on the other hand, are being offered nationwide at virtually unchanged prices (0,0%). However, these average figures mask significant price increases or decreases depending on the region.

Regional housing market: Price declines in several regions
Those looking for a single-family home will find prices more affordable in some parts of the country: Asking prices fell by 2,1% in Eastern Switzerland, by 1,7% in North-Western Switzerland and by 0,9% in the Lake Geneva region. The situation is different in the other regions: In Central Switzerland, where supply is extremely tight, sellers increased their asking prices by 2,3%. In the Greater Zurich area and the Swiss Plateau, sellers are also assuming that buyers are willing to pay more, leading to a 1,6% increase in asking prices in each case. In Ticino, the increase is comparatively moderate at 0,6%.

Condominiums: Higher prices almost everywhere
The trend for condominiums is upward, almost across the board. The price increase is particularly pronounced in Central Switzerland (up 2,4%) and the Swiss Plateau (up 2,2 %). Asking prices are also rising in Ticino (up 1,7%) and the Lake Geneva region (up 0,5%). In the greater Zurich area (up 0,3%) and North-Western Switzerland (0,0%), price expectations remain largely stable. Only Eastern Switzerland shows a slight decline of 0,3%.

Demographics and migration are shifting demand geographically
Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, summarises the situation in the owner-occupied housing market as follows: “Price trends are increasingly influenced by regional differences in immigration and population structure. Newcomers continue to prefer urban areas such as the Greater Zurich area, the Lake Geneva region and parts of Central Switzerland. Additional demand in these areas is likely to continue to drive up prices in the future.”

In other areas, such as the Swiss Plateau or Ticino, weaker demand is expected. This suggests a period of price stabilisation. “For prospective buyers, as well as for specific regions, this can open up new opportunities: While the chances of home-ownership increase for middle-class households, rural and decentralised areas also benefit from qualified and high-income newcomers who want to fulfil their dream of owning a home,” Waeber concludes.

Date 31 January 2026

Purchase offers for single-family homes throughout Switzerland (CHF/m²)