Housing market picks up: Asking prices rise noticeably in June

Single-family homes remain in high demand, as evidenced by the properties being advertised: Prices rose significantly in June. In comparison, prices for condominiums remained virtually stable. Demand for owner-occupied homes is being boosted by the currently attractive financing conditions.

Residential property was again advertised at higher prices last month. The prices for single-family homes published in advertisements increased significantly in June by 0,8%. This is shown by the ImmoScout24 Purchase Index, which is compiled by ImmoScout24 in collaboration with the property consultancy IAZI. Compared to the previous year, single-family house prices are 3,6% higher. On average, sellers only asked slightly higher prices for condominiums in June, following a significant increase in this segment in May. The monthly increase is 0,2%, while the annual increase amounts to an impressive 4,5%.

Interest rate turnaround plays into the hands of homeowners
With the return to zero interest rates, the Swiss National Bank (SNB) recently made a decision that has brought a breath of fresh air to the mortgage market. As a result, financing costs for residential property are falling noticeably again. Anyone who already has a SARON mortgage directly benefits due to SARON’s direct link to the base interest rate. The conditions for new business and extensions are also much more attractive than they were a few months ago. At the same time, rents are continuing to rise in many places, especially for new lettings. As a result, the gap between rental and ownership costs is widening again, and home ownership is currently more favourable than renting, especially for long-term properties.

“Now is a good time for prospective buyers to consider taking the step towards home ownership, especially in terms of planning security,” explains Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group. However, in order to fulfil this wish, the high hurdle of affordability must first be overcome. “For middle-income households in particular, certain factors can help to reduce mortgage costs and thus make it easier to afford the financing. These include alternative sources of financing such as an advance withdrawal of inheritance or contributing more than the minimum equity required,” continues Waeber.

Regional condominium market: Central Switzerland drives price surge
From a regional perspective, asking prices have risen particularly sharply in Central Switzerland, with an increase of 1,8%. This is probably due, in no small part, to the very limited supply. Eastern Switzerland also recorded a slightly above-average increase of 0,4%. In the greater Zurich region (up 0,1%), Ticino (up 0,1%) and Northwestern Switzerland (down 0,1%). However, there were hardly any changes compared to the previous month, with the Central Plateau (down 0,2%) and the Lake Geneva region (down 0,3%) both seeing minimal declines.

Regional single-family home market: From strong price growth to decreases
The situation is even less uniform for single-family homes. In June, sellers raised their price expectations significantly, particularly in the Lake Geneva region (up 2,0%), the Northwestern Switzerland region (up 1,6%), and Eastern Switzerland (up 1,5%). By contrast, the price expectations in the Central Switzerland region (up 0,7%) and in Ticino (up 0,4%) are slightly below the national average. In the greater Zurich region (down 0,9%), prices for single-family homes actually declined for once.

Date 30 June 2025

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

	01.06.2025	30.06.2025	Change	in %
Month	7710.3	7774.0	+63.7	+0.8%
	30.06.2024	30.06.2025	Change	in %
Year	7506.0	7774.0	+268.0	+3.6%

Purchase offers for condominiums throughout Switzerland (CHF/m²)

	01.06.2025	30.06.2025	Change	in %
Month	9097.6	9114.7	+17.1	+0.2%
	30.06.2024	30.06.2025	Change	in %
Year	8718.6	9114.7	+396.1	+4.5%

The values may contain rounding differences.