Prices for single-family homes rise sharply – condominiums and rents take a breather

07.05.2024

April brought sharp price increases for single-family homes. On the other hand, prospective buyers of condominiums can breathe a sigh of relief as prices eased. There was also an easing in the asking prices for rental flats.

At the beginning of the second quarter, the market for single-family homes is once again consistently dynamic. With an increase of 1,2%, sellers of houses significantly raised their price expectations in April. This is shown by the latest evaluation of the Swiss Real Estate Offer Index, which is compiled by the SMG Swiss Marketplace Group in collaboration with the property consultancy IAZI. So far, the high price level and strict financing guidelines of recent years have led to a decline in transaction volumes in the single-family home segment. On the other hand, the listing period has been extended in many places as part of the sales process. Accordingly, the majority of asking prices have been trending sideways for some time.

However, the start of spring is now bringing new momentum: “At this time of year, more properties are traditionally advertised, which increases the supply,” says Martin Waeber, Managing Director Real Estate at SMG Swiss Marketplace Group. “Although the dream of owning a home is still widespread among the population, prospective buyers have become more selective. Whether the higher asking prices can actually be realised remains to be seen,” says Martin Waeber.

In contrast to single-family homes, the years-long boom in condominiums appears to have taken a temporary breather. In April, asking prices in this segment fell by 1,2%. Compared to the previous year, the increase in value was therefore 1,1%, which corresponds to the lowest annual growth rate since the beginning of 2020.

Tenants can breathe a little easier in their search for a rental flat
Tenants looking for a rental flat can breathe a little easier at the moment. Advertised rents fell slightly in April. Despite the 0,2% decline in advertised rents compared to the previous month, there was still an increase of an impressive 2,7% over the course of the year.

In regional terms, the sharpest falls in rents in April were in Eastern Switzerland (-1,3%) and Central Switzerland (-1,0%). However, Ticino (-0,7%) and the Central Plateau region (-0,4%) also recorded below-average development. On the other hand, there is no sign of a slowdown in the cantons of Zurich (-0,1%), Northwestern Switzerland (+0,3%) and the Lake Geneva region (+0,4%).

As at 30 April 2024

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) 

 01.04.202430.04.2024Changein %
Month279.6279.0-0.6-0.2%
 30.04.202330.04.2024Changein %
Year271.7279.0+7.4+2.7%

 

 Offers to buy detached houses throughout Switzerland (CHF/m2)

 01.04.202430.04.2024Changein %
Month7431.77518.0+86.3+1.2%
 30.04.202330.04.2024Changein %
Year7428.77518.0+89.3+1.2%

 

 Condominiums for sale throughout Switzerland (CHF/m2)

 01.04.202430.04.2024Changein %
Month8784.68679.9-104.7-1.2%
 30.04.202330.04.2024Changein %
Year8589.38679.9+90.7+1.1%

 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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