Stable house and flat prices, slightly falling rents

04.07.2023

The price expectations of home sellers hardly changed in June: While a slight increase was recorded for single-family homes, there was a minimal decrease for condominiums. There is also a temporary respite for those currently looking for a rental flat.

Houses slightly more expensive, flats somewhat cheaper
Prices for single-family homes published in advertisements rose slightly in June by +0.3 per cent. The Swiss Real Estate Offer Index, published by the SMG Swiss Marketplace Group in cooperation with the real estate consultancy IAZI, shows that condominium sellers expect slightly lower values of -0.4 per cent.
“The fact that the price spiral for home sales is currently turning somewhat more slowly is underpinned by the longer-term supply trend over the last twelve months. In this period, advertised house prices have also risen by only 0.3 per cent, and those of condominiums by 2.2 per cent. By way of comparison: About a year ago, the annual growth rates for houses and flats were 8 per cent and higher,” says Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group, assessing the market situation.
The rising interest rate level with the recent increase by the Swiss National Bank to 1.75 per cent and the consequently higher financing costs for real estate are currently having a calming effect on the market with a view to potentially further price increases.

Asking rents down slightly in June
Last month brought good news for tenants looking for accommodation. The average asking rents published in advertisements fell by -0.7 per cent in the country. Regionally, the strongest declines were in Ticino (-1.8 per cent) and in the greater Zurich region (-1.7 per cent), followed by the Lake Geneva region (-0.6 per cent). The change is smaller in Northwestern Switzerland (-0.3 per cent), Eastern Switzerland (-0.3 per cent) and Central Switzerland (-0.2 per cent), while a slight increase is visible in the Central Plateau (+0.4 per cent).

Given the strong immigration in the current year and the sluggish expansion of the rental housing stock, however, the easing will likely be only temporary. Within a year, asking rents have increased by an average of 3.1 per cent.
Date: 30th June 2023

The Swiss Real Estate Offer Index is published on the websites of ImmoScout24 and IAZI AG.

www.immoscout24.ch/immobilienindex
www.iazi.ch/angebotsindizes

Detailed information and statistics on the development throughout Switzerland and on the developments in the various large regions can be found in the download area.

Rental offers for all of Switzerland (CHF/m2 per year)

 01.06.202330.06.2023Changein %
Month272.3270.4-1.6-0.7%
 30.06.202230.06.2023Changein %
Year262.4270.48.03.1%

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

 01.06.202330.06.2023Changein %
Month7415.87439.423.60.3%
 30.06.202230.06.2023Changein %
Year7415.37439.424.10.3%

Purchase offers for condominiums all of Switzerland (CHF/m2)

 01.06.202330.06.2023Changein %
Month8629.88599.4-30.4−0.4%
 01.06.202230.06.2023Changein %
Year8416.18599.4183.32.2%

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Fabian Korn
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Marta Andreoni

Head of Design for Automotive

Introduce yourself and your role at SMG

I’m Marta Andreoni, Head of Design at SMG Automotive. I lead the design and UX writing team shaping AutoScout24 user experience. 

In my role, I wear many hats. My main focus is ensuring we stay true to our vision “simplifying people’s lives and connecting humans through innovative digital platforms” and our brand promise, “make it happen”. I challenge my team to think user-first, push for innovation, ease of use for our customers and make forward-thinking decisions, even within business and technological constraints.

 A big part of my role is supporting each designer’s growth, motivation, and career development. Through one-on-one coaching, mentoring, group work, and projects, I help my colleagues set and achieve their goals while fostering new learning opportunities.

What helps you feel empowered and confident in your role?

If I had to mention one thing I would say “being proactive” has been key to feeling more empowered. I enjoy solving problems, so when issues or opportunities arise, be it in the product, market or the team, I get curious and I proactively investigate the reasons and try to bring inputs to be discussed with others, this makes me feel I can be part of the process or solution and my point of view is going to be taken seriously. My optimism also plays a role, giving me confidence that even the most complex challenges can be solved. 

Besides, having trust from other managers and colleagues makes me feel in a safe environment where I can take ownership on topics I’m passionate about. 

What’s one thing SMG does well in fostering an inclusive workplace? What more can be done to amplify and support different perspectives in the workplace?

In my experience, we strive for balancing top-down and bottom-up inputs, ensuring employees can influence product directions, processes, and culture. People are approachable, and our strong feedback culture helps voices be heard. Across SMG, initiatives like regular People & Culture Surveys, topic guilds, and events in our locations across the world foster open exchange and mutual learning.

That said, I’ve noticed that quieter voices sometimes get less space, or interacting with top management can feel intimidating, especially when giving critical feedback. To make participation more inclusive, we could apply more facilitation and group work techniques like structured turn-taking, written input, and smaller group discussions – ensuring everyone, regardless of confidence level, seniority or personality, feels comfortable contributing. 

Design is often about seeing the world differently. How do unique perspectives contribute to more innovative, inclusive, or impactful design?

Design is about understanding diverse user personas and perspectives to create solutions that truly meet their needs or create new opportunities. I believe in the power of collaboration to shape user experiences – bringing together different disciplines, backgrounds, and lived experiences helps challenge assumptions, uncover blind spots, and drive more inclusive, innovative, and impactful solutions.

Looking back on your career, what’s one lesson or piece of advice you wish you had known earlier as a leader in design?

There are three things no one really prepares you for as a design leader: dealing with constant change, facing failure and handling emotions at work. These topics aren’t talked about much until you face them. I was lucky to learn from others’ experiences, but much of it came through my own.

One thing I wish I had understood earlier is the power of emotional intelligence, my job is no longer about the content and the design, it is about people. Self-awareness, not just of your own emotions, but also how others feel and react, can be the difference between conflict and harmony, frustration and clarity. The more I grow as a leader and designer, the more I realise that design isn’t just about doing the design job, delivering solutions on the market: it’s about navigating people, their emotions, and making change more acceptable and transforming issues into opportunities, both within the organisation and through great products.

 

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