Engel & Völkers Licence Partner THOVEST AG > Blog > The Residential Properties Market Report Switzerland 2023 is here!

The Residential Properties Market Report Switzerland 2023 is here!

We are happy to share our unique knowledge of the local markets with you again this year. In our Residential Properties Market Report Switzerland 2023, we inform you about the current status in around 50 regional submarkets in Switzerland and our respective assessment of demand and price trends for 2023.


Swiss real estate market remains stable

In the coming year, like last year, the Swiss property market is looking fairly resilient. Owing to the high demand and low new-building activity, the vacancy rate has reduced by 15% from 1.54% to 1.31%. According to Wüest Partner, the transaction prices for residential property have risen by around 7.3% compared to the previous year. For detached homes, this has even risen by around 8.8%.


Based on this, the willingness to pay for residential properties has also continued to increase, even by a considerable degree in certain regions. In all, these are not signs that the price indices for residential property have come under pressure, find more about the reasons here

 Dietikon, Switzerland
- Residential Properties Market Report Switzerland 2023

Outlook: Demand for residential property under some pressure

In spite of the rising interest rates, the prices for residential property are very stable, but it appears that this long-lasting price rise may change. There are several reasons for this. The number of properties advertised has slightly increased once more. However, this is not due to increased new building activity; rather, it is due to a reduction in demand for residential property.


Although in Switzerland we can expect further interest increases from the national bank, this fundamentally does not change the situation at all – particularly in times of uncertainty, Switzerland experiences a high demand for residential property and is also a popular place to live. Increased immigration and the associated increase in demand for properties, lower inflation levels than in neighbouring countries and a lack of new land to build on support this hypothesis.


Download market report for free

Further assessments of market and price developments for 8 major regions and many submarkets in Switzerland can be found in our residential real estate market report, which is available to you as a free download. We hope you enjoy reading it!


Are you interested in a print edition of the Market Report? Or would you like specific information on a selected region in Switzerland? Contact our local real estate consultants directly, we are happy to assist you.

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Engel & Völkers
Licence Partner THOVEST AG
  • Bremgartnerstrasse 11
    8953 Dietikon, Switzerland
    dietikon@engelvoelkers.com

Monday - Friday 08:30 - 17:30

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