Spring fever in the property market: Prices are rising again, especially for single-family homes

After a brief lull in February, asking prices for residential properties rose across the board in March, mirroring the current warmer temperatures. Particularly for single-family homes, sellers apparently anticipate increased willingness to pay due to the scarcity of properties. This is shown by the latest figures from the ImmoScout24 Purchase Index.

Single-family homes were advertised for an average of 1,5% more expensive in March than in the previous month across the country. Condominiums also became more expensive – albeit more moderately, at 0,5%. This is shown by the ImmoScout24 Purchase Index, which is compiled in collaboration with the real estate consultancy IAZI. As a result, the annual growth rates for single-family homes and condominiums climbed to 4,6% and 4,8%, respectively.

Interest rates remain the key driver
Interest rates remain a key factor in price trends – particularly given the risks that rising interest rates pose to the property market. However, the Swiss National Bank’s (SNB) decision on 19 March to maintain its zero interest rate policy has provided some relief for the time being. 

Martin Waeber, Managing Director of Real Estate at SMG Swiss Marketplace Group, comments: “Despite volatile but generally higher oil prices, the SNB currently sees no need for action, not least because the strong Swiss franc makes imported goods cheaper and could thus help to curb inflation. For prospective buyers and property owners, this means that financing conditions are likely to remain favourable for the time being – an important stabilising factor for the market. However, further developments remain uncertain due to the current geopolitical situation, which is difficult to predict.”

If consumer prices rise, interest rates could also rise again. However, the SNB currently still has sufficient room for manoeuvre, so that sharp interest rate hikes do not (yet) appear necessary from the current perspective.

Eastern Switzerland as a price driver: Single-family homes experience a strong boost
A regional comparison reveals a clear upward trend in advertised house prices almost everywhere. In Eastern Switzerland – a region with a comparatively moderate price level – these rose by a significant 4,5% in March. The Greater Zurich area (up 2,6%) and the Lake Geneva region (up 1,8%) also recorded marked increases. The Swiss Plateau and Central Switzerland each saw an increase of 1,0%. The rise in Ticino was considerably more modest (up 0,6%), while Northwestern Switzerland was the only region to experience a decline (down 1,4%).

Condominiums: Widespread price rises, with the Greater Zurich area being the exception
Asking prices for condominiums are also slightly higher than the previous month in most regions. The strongest increase is again in Eastern Switzerland (up 1,9%). This is followed by Northwestern Switzerland (up 0,6%), the Lake Geneva region (up 0,5%), Ticino (up 0,4%), and Central Switzerland (up 0,3%). In the Swiss Plateau, however, prices remain stable (0,0%), while the Greater Zurich area records a slight decrease of 0,5% in this segment.

Date 31 March 2026

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

	01.03.2026	31.03.2026	Change	in %
Month	7913.4	8035.2	+121.8	+1.5%
	31.03.2025	31.03.2026	Change	in %
Year	7682.7	8035.2	+352.5	+4.6%

Purchase offers for condominiums throughout Switzerland (CHF/m²)

	01.03.2026	31.03.2026	Change	in %
Month	9366.0	9408.6	+42.6	+0.5%
	31.03.2025	31.03.2026	Change	in %
Year	8980.4	9408.6	+428.2	+4.8%

Values may have rounding differences.