Slight drop in detached house prices

03.08.2023

Is the dream of home ownership becoming affordable again? Potentially, yes, as asking prices for detached homes fell in July. However, anyone looking to buy a flat will have to increase their budget. Advertisers’ price expectations have also risen when it comes to rents.

Houses have become a little cheaper
According to an evaluation of sales listings on ImmoScout24, the average price of a detached home across Switzerland fell by 0.5% as at the end of July. Therefore, the asking price is currently CHF 7,401 per square metre of living space, as shown by the Swiss Real Estate Offer Index, which is produced and published by the SMG Swiss Marketplace Group in cooperation with the property consulting firm, IAZI.

The longer-term trend in asking prices for detached homes also reflects a moderate easing of the market: over the last twelve months, advertised prices have dropped by 0.4%. This has resulted in a negative annual growth rate for the first time in over three years.

‘Any hopes of significantly lower house prices in the long term are unlikely to be fulfilled, however, despite the current slight fall in the price of a detached home. There are still too few properties coming onto the market to satisfy the demand from potential buyers. The fact that there has been a recent decline in fixed-rate mortgage rates is also expected to stimulate demand,’ says Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group.

Unlike detached homes, freehold flats were advertised at slightly higher prices in July. But the increase was small, at +0.4%. Over the past twelve months, however, there has been a clear upward price trend of +1.9%. At an average of CHF 8,635, the current price per square metre of a freehold flat is therefore much higher than that of a detached home.

Rents rose again in July
In the case of rents, the slight decline of the previous month has already been recovered: anyone currently looking to rent a flat faces a price increase of +0.7%. The upward trend during the twelve-month period is more pronounced, at +3.8%.

Depending on the region, the current rental price trend noticeably deviated from the national trend in July. Ticino (+3.2%), Central Switzerland (+1.7%) and Eastern Switzerland (+1.2%) experienced sharper price rises. Mittelland (+0.8%) recorded an average increase, while Greater Zurich (+0.4%), North-West Switzerland (+0.3%) and the Lake Geneva region (+0.2%) saw modest increments.

As of 31 July 2023

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

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

Detailed information and statistics about the overall Swiss trend and those in the various regions are available in the Download section.

Rental offers throughout Switzerland (CHF/m2 per year)

 01/07/202331/07/2023Changein %
Month270.4272.42.00.7%
 31/07/202231/07/2023Changein %
Year262.4272.410.13.8%

Sales offers for detached homes throughout Switzerland (CHF/m2)

 01/07/202331/07/2023Changein %
Month7439.47401.0-38.4−0.5%
 31/07/202231/07/2023Changein %
Year7427.47401.0-26.4−0.4%

Sales offers for freehold flats throughout Switzerland (CHF/m2)

 01/07/202331/07/2023Changein %
Month8599.48635.335.80.4%
 31/07/202231/07/2023Changein %
Year8471.98635.3163.41,9%

Downloads (partially in German)

Sebastian Sinemus
Senior Communications Manager Real Estate & Mediensprecher

[email protected]
+41 79 819 21 50

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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