Whether buying a house or apartment: Prices rose in August

05.09.2024

Vendors of single-family homes and condominiums increased their price expectations slightly in August. However, those currently looking for a home do not necessarily have to increase their budget, depending on the property type. Tenants looking for accommodation were also confronted with higher asking prices last month.

CHF 7,464 – that’s how much sellers were asking per square meter of living space for single-family homes at the end of August. This corresponds to a price increase of 0,5% over the course of the month, as shown by the Swiss Real Estate Offer Index. This is compiled by ImmoScout24 in cooperation with the real estate consulting company IAZI. Extrapolated to a typical property with an area of 140 m2, the average asking price for single-family homes is currently around CHF 1,045,000.

But it wasn’t just the price tags of single-family homes that showed higher figures last month than before. Condominiums were also advertised at an average price of 0,6% more expensive, reaching a price per square meter of CHF 8,889. Based on an average living space of 110 m2, a typical apartment unit comes onto the market for around CHF 978,000.

“A look at the past few months shows that, at least for single-family homes, asking prices have often been revised downwards after increases – so a little patience can, therefore, pay off. Over the course of a year, asking prices remained practically constant at +0,1%. In the market for condominiums, on the other hand, a robust increase in asking prices of +3,1% can be observed over the last twelve months,” said Martin Waeber, Managing Director Real Estate at the SMG Swiss Marketplace Group.

Rental price development picks up pace
August brought less favourable news for those looking for a rental flat. With an increase in asking rents of 2,1%, an easing previously recorded in July has already been offset. The increase was strongest in the greater Zurich region at +4,6%. The increase was also above average in Central Switzerland (+2,5%) and Ticino (+2,4%). The increase was lower than the national average in Eastern Switzerland (+1,7%), the Central Plateau (+0,8%), the Lake Geneva region (+0,7 %) and Northwestern Switzerland (+0,5%).

However, the longer-term perspective also confirms the upward trend in advertised rental properties: Over the past twelve months, an average price increase of 3,4% was registered in the country.

Date 31 August 2024

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

  01.08.2024 31.08.2024 Change in %
Month 7427.1 7463.6 +36.5 +0.5%
  31.08.2023 31.08.2024 Change in %
Year 7452.7 7463.6 +10.9 +0.1%

Condominiums for sale throughout Switzerland (CHF/m2) 

  01.08.2024 31.08.2024 Change in %
Month 8837.2 8888.5 +51.3 +0.6%
  31.08.2023 31.08.2024 Change in %
Year 8622.5 8888.5 +266.1 +3.1%

Rental offers throughout Switzerland (CHF/m2 per year) 

  01.08.2024 31.08.2024 Change in %
Month 274.9 280.7 +5.8 +2.1%
  31.08.2023 31.08.2024 Change in %
Year 271.4 280.7 +9.3 +3.4%

 The values may contain rounding differences.

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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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