Condominiums remain in demand and are even selling faster again. Despite a record supply of around 101,000 listed properties, the average time on the market in 2025 has fallen by eight days. This shows that demand in this segment is picking up again. However, the growth in supply has slowed significantly recently. At the same time, it can be observed that trends vary by region, with Central Switzerland continuing to lead the way in terms of listing duration.
The latest edition of the Online Home Market Analysis by ImmoScout24, in collaboration with the Swiss Homeowners Association and the Swiss Real Estate Institute, analyses listings for condominiums for the year 2025. The evaluated listings come from several well-known real estate portals and thus comprise the majority of all online listings in Switzerland during the period under review.
Market responds better to record supply
Following the significant increase in the supply of condominiums last year, the upward trend continued in 2025 – specifically, a new record high of approximately 101,000 advertised properties was reached, a level unsurpassed since the study began in 2016. At the same time, growth slowed considerably: While the increase in advertised condominiums from 2023 to 2024 was 19,1%, it shrank to 1,2% the following year. Unlike in 2024, the average listing duration decreased by eight days to 84 days, mirroring the increase in supply. While this remains above the level of previous years, it is clearly below the peak value of 2024.
This development is likely related to the changed interest rate environment: Since 2024, financing costs have fallen, and some banks are once again showing a greater willingness to grant mortgages. This has increased the attractiveness of home ownership compared to the rental market. At the same time, the time taken to sell properties is shortening, despite the supply remaining high. This suggests that the additional supply is being well absorbed by the market and that demand for owner-occupied condominiums has increased overall compared with the previous year. In addition to improved financing conditions, the need for a secure long-term housing situation also plays a role. Home ownership offers greater stability compared to renting and is therefore regaining importance for many households, including as a form of long-term financial security.
For Martin Waeber, Managing Director of Real Estate at SMG Swiss Marketplace Group, the latest figures show that the market is returning to equilibrium following a sharp rise in supply: “The fact that the time properties spend on the market is shortening despite supply remaining high demonstrates that demand in Switzerland remains strong and robust. Anyone who finds their dream property today is making a decision more quickly again – even with a large supply. Demand remains high, and well-positioned properties continue to find buyers quickly.” At the same time, the wide range of properties on offer is changing buyers’ behaviour: “They are comparing more and scrutinising more closely. For sellers, this does not mean less demand, but more competition for attention. What matters is how well a property is presented and whether it reaches the right people as a result. Because, as the saying goes, there’s a lid for every pot.”
The gap in listing times is narrowing significantly, with Central Switzerland remaining in the lead
The same trend in listing times is also evident at the regional level: In all major regions, the time taken to sell a property is shorter than in 2024. Listed condominiums, therefore, found buyers more quickly again in 2025.
The decline is particularly pronounced in the regions of Ticino (down 37 days), Vaud/Valais (down 14 days) and the Espace Mittelland (down 10 days). As a result, publication lead times in many regions are once again approaching the 2023 level – prior to the sharp rise in 2024. In the regional rankings, however, little change is apparent, although the gap between the two extremes has narrowed significantly once again. The shortest listing times continue to be found in Central Switzerland (61 days), Zurich (64 days) and the Geneva region (65 days). At the other end of the spectrum, Ticino (131 days) remains the region with the longest listing times, despite a significant reduction in the time taken to sell properties.
Appearances can be deceiving: Demand is soaring in Ticino, but falling in Central Switzerland
The combination of changes in the listing duration and the number of online listings allows conclusions to be drawn about the demand for condominiums. This combination indicates increasing demand for 2025, particularly in Ticino and Vaud. In these regions, the listing duration decreased, even though the supply had increased. This trend is especially pronounced in Ticino: Despite a significant increase in the number of listings (up 10%) from 2024 to 2025, the listing duration decreased markedly (down 22%), as described. Accordingly, a noticeably increased demand can be observed in this region.
In contrast, the regions of Central Switzerland and Geneva are seeing a decline in both supply and time on the market. This suggests that demand is falling (in Central Switzerland) or at least remaining stable (in Geneva). This means that 2024/2025 stands in direct contrast to the previous period of 2023/2024, when Ticino saw the sharpest decline in demand, whilst demand rose significantly, particularly in Geneva (see study results from April 2025). In conclusion, the picture for 2025 is a mixed one: Whilst demand is increasing across Switzerland as a whole in 2025, there are certainly regions where demand is falling slightly. Contrary to what might be expected, however, this is only the case in two of the three regions with record-low listing times of around two months.
For Markus Meier, Director of the Swiss Homeowners Association, the study results show that the desire for home ownership in Switzerland remains strong: “The fact that condominiums are selling faster again despite the large supply is a clear sign. Swiss people want to live in their own homes. Fortunately, the dream of home ownership is still attainable for many people. However, policymakers must ensure that this remains the case in the future and that broader segments of the population, and especially young families, have better access to home ownership.”
For Peter Ilg, Head of the Swiss Real Estate Institute, the development of the supply is particularly noteworthy: “Since the start of this annual study in 2016, with over 100,000 properties currently listed, never before have so many condominiums been advertised.” This cannot be explained by new construction activity; on the contrary, “Given the decline in building permit applications in recent years, a large portion of the supply likely comes from existing properties.” Ilg attributes part of the increase in supply to the ageing population. At the same time, he identifies a second reason: Due to rising prices, it is often no longer possible for individual heirs to buy out their siblings and take over the family property. As a result, fewer condominiums remain within the family, and more existing properties are coming onto the market.
About the Online Home Market Analysis
The Online Home Market Analysis is a semi-annual analysis that reports alternately on the development of the listing periods for condominiums and single-family houses. The analysis covers the whole of Switzerland with the eight major regions studied, with in-depth analyses for suburban communities by price segment. The analysis provides regionally differentiated information on the development of supply and demand for owner-occupied homes, broken down by market segment. ImmoScout24 and the Swiss Homeowners’ Association publish the analysis in collaboration with the Swiss Real Estate Institute of the University of Applied Sciences in Business Administration Zurich (HWZ).
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