Engel & Völkers
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The real estate price development for residential real estate in Switzerland 2026

We are delighted to share our unique knowledge of the local markets with you again this year. In our Residential Real Estate Market Report Switzerland 2026, we inform you about the current situation in around 50 regional submarkets in Switzerland and our respective assessment of demand and price trends for 2026.

The Swiss real estate market continues to show strong price stability.

The persistently low interest-rate environment is supporting demand for single-family homes. According to Wüest Partner, transaction prices for single-family homes are expected to increase by 3.1% in 2026. Second-home markets continue to outperform the Swiss average, although their price dynamics follow different conditions than those of primary-residence markets. Purchases of vacation apartments and houses tend to be less price-sensitive, as buyers usually finance them with their own capital.

Due to the ongoing low-interest environment and the tight situation in the rental market, demand for homeownership will continue to rise, especially since owning a home is more attractive than renting. Only a slight slowdown in population growth—driven by a cooling labor market—could provide some relief.

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Portrait photo of Thomas Frigo, Managing Director of Engel & Völkers Wohnen Schweiz
Due to high rents and purchase prices in large cities, more and more people are moving to the suburbs of small and medium-sized towns and to rural areas.
Thomas Frigo
Managing Partner & Member of the Board

RESIDENTIAL REAL ESTATE SWITZERLAND 2026

Home Swiss Home: Switzerland as a safe haven

  • Real estate market

    Insufficient new construction activity and owners who currently feel no pressure to sell mean that excess demand will continue to drive price developments. Against this backdrop, the Swiss real estate market will remain characterized by high price stability in 2026.

  • Interest rate trends

    Overall, the financing environment improved noticeably again in 2025. However, a slight increase in interest rates is expected in 2026. Together with slowing population growth and economic and employment-related uncertainties, price growth is likely to cool significantly in 2026.

  • Price trends

    Wüest Partner expects transaction prices for condominiums to rise by 2.8% in 2026. Construction activity for single-family homes remains subdued and is increasingly shifting from new construction to renovations. Lower ongoing housing costs are increasing demand for home ownership and leading to moderate price increases.

Single-family homes & condominiums

Development of transaction prices in Switzerland

Grafik über die Transaktionspreisentwicklung Eigentumswohnungen und Einfamilienhäuser in der Schweiz von 2015 bis 2025
Grafik über die Transaktionspreisentwicklung Eigentumswohnungen und Einfamilienhäuser in der Schweiz von 2015 bis 2025

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Market Report Switzerland · 2026

Cover of the "Switzerland Market Report 2026" featuring a balcony view over a body of water with chairs and a table, by Engel & Völkers.

Market Report Switzerland · 2026

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Engel & Völkers Switzerland

Poststrasse 26

6300 Zug | Switzerland

Tel: +41 41 500 06 06