Offers for rents and condominiums are becoming more expensive

02.11.2023

New tenants again had to dig noticeably deeper into their pockets last month. The asking prices for residential property, on the other hand, are developing differently: While price expectations for condominiums are rising, the stabilisation phase for single-family homes is continuing.

After a brief pause in the previous month, advertised prices for condominiums rose again strongly in October, by +0.7 per cent. In contrast, asking prices for single-family homes declined slightly (-0.3 per cent). On an annual basis, the asking prices for these types of residential properties are also drifting apart: Noticeably higher asking prices for condominiums (+2.1 per cent), but no further increase for single-family homes (-0.2 per cent). This is the result of the latest analysis of listings in the Swiss Real Estate Offer Index, which is compiled and published by SMG Swiss Marketplace Group in cooperation with the real estate consulting firm IAZI.

Condominiums: Sellers have higher price expectations
”The further increase in asking prices for condominiums is remarkable, considering that the supply of available condominium units has increased noticeably since the beginning of the year,” says Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group. Irrespective of this, providers of condominiums assume that demand will continue to significantly exceed supply and that higher sales prices can, therefore, be achieved.”The housing market has also seen a slight increase in the supply of existing properties in recent months, which has contributed to the stabilisation of prices for single-family homes,” Waeber continued.

October brings higher asking rents
The shortage of rental housing, especially in the city centres, led to an increase of +0.4 per cent in October for tenants looking for accommodation. Over the course of the year, the increase was an impressive +2.7 per cent. Depending on the region, the trend differs from the national average. While the increase in eastern Switzerland (+1.1 per cent), the greater Zurich region (+0.8 per cent), northeastern Switzerland (+0.7 per cent) and the Lake Geneva region (+0.5 per cent) is above the national average, no change can be observed in the Central Plateau (0.0 per cent). Central Switzerland (-0.6 per cent) and Ticino (-0.7 per cent), on the other hand, have seen declines.

As of October 31 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)

 01.10.202331.10.2023Changein %
Month274.1275.3+1.2+0.4%
 31.10.202231.10.2023Changein %
Year268.1275.3+7.2+2.7%

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

 01.10.202331.10.2023Changein %
Month7448.97425.5-23.4-0.3%
 31.10.202231.10.2023Changein %
Year7438.57425.5-13.0-0.2%

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

 01.10.202331.10.2023Changein %
Month8607.38663.2+55.9+0.7%
 31.10.202231.10.2023Changein %
Year8484.88663.2+178.4+2.1%

The values may contain rounding differences.

Sebastian Sinemus
Senior Communications Manager Real Estate & Media Spokesperson

[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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