Asking prices for owner-occupied homes continue to rise

At first glance, the desire for home ownership remains strong, which is why advertised prices for both condominiums and single-family homes rose again in November on average across the country. However, this does not apply to all parts of Switzerland. Instead, depending on the type of property, asking prices are currently falling in several regions. This is shown by the latest figures from the ImmoScout24 Purchase Index.

Clouds are gathering on the Swiss economic horizon. According to the latest figures from the State Secretariat for Economic Affairs (SECO), gross domestic product contracted significantly in the third quarter of 2025. In addition, job cuts in the construction and manufacturing sectors are continuing apace. While one might think that such developments would dampen demand for residential property, the opposite is true in Switzerland, where stable assets such as one’s own home are particularly sought after in such an environment. Providers of residential property are clearly anticipating this too: Asking prices for condominiums rose by an average of 0,6% across Switzerland in November, while detached houses recorded a more moderate increase of 0,3%. However, as the ImmoScout24 Purchase Index, compiled jointly by ImmoScout24 and the real estate consulting firm IAZI, shows, developments vary greatly from region to region.

Housing market: Short supply puts pressure on prices in Central Switzerland
The price increase for single-family homes is particularly evident in Central Switzerland, where advertised prices climbed by a significant 3,9% in November. The Swiss Plateau (up 1,2%) and North-Western Switzerland (up 0,5%) also recorded above-average increases compared with the previous month. The Lake Geneva, Zurich and Ticino regions were close to the Swiss average, each with an increase of 0,2%. Eastern Switzerland presents a contrasting picture: Not least due to the currently more extensive supply, prices here fell by 2,5% – a remarkable decline in the current market environment.

Condominiums: Eastern Switzerland region as a growth driver
In contrast, prices for condominiums in Eastern Switzerland are on an upward trend: While single-family homes became cheaper, prices for condominiums rose significantly – by 3,4%. This means that the region is largely responsible for the nationwide price increase in this market segment. There were further moderate increases in the Greater Zurich area and North-Western Switzerland (both up 0,5%) and in the Swiss Plateau (up 0,2%). By contrast, prices fell in Central Switzerland (down 0,4%), Ticino (down 0,3%) and the Lake Geneva region (down 0,1%).

Stable values, low costs, high freedom
Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, summarises the current developments in the home ownership market as follows: “Owning your own home in Switzerland remains one of the most robust forms of wealth creation, especially in the context of private pension provision. Those who purchase residential property are not only investing in their own four walls, but are also building up a relatively stable and, above all, real value, similar to a long-term investment in gold.” At the same time, many households are currently benefiting from lower housing costs compared to renting, Waeber continues, which further enhances the appeal of home ownership. “This financial advantage is further enhanced in modern buildings with good energy efficiency, thanks to lower operating costs. And last but not least, many prospective buyers place a high value on aspects such as space for personal design, personal development and individual lifestyles,” Waeber concluded.

Date 30 November 2025

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

	01.11.2025	30.11.2025	Change	in %
Month	7800.1	7823.4	+23.3	+0.3%
	30.11.2024	30.11.2025	Change	in %
Year	7656.7	7823.4	+166.7	+2.2%

Purchase offers for condominiums throughout Switzerland (CHF/m²)

	01.11.2025	30.11.2025	Change	in %
Month	9202.2	9261.9	+59.7	+0.6%
	30.11.2024	30.11.2025	Change	in %
Year	8807.4	9261.9	+454.5	+5.2%

Values may show rounding differences.