Raiffeisen: Condominium prices on the rise.

According to Raiffeisen Switzerland, prices for single-family homes fell by 0.1 per cent in the fourth quarter of 2024; however, condominiums cost 1.4 per cent more than in the previous quarter. The strongest price increases within a year were recorded for single-family homes in the centres and in urban regions; prices for condominiums rose the most in central Switzerland over the past four quarters.

Watch the video here to see how Fredy Hasenmaile, Chief Economist at Raiffeisen Switzerland and Head of Economic Research at the bank, interprets the facts and figures from the latest study:

Prices for owner-occupied residential property continued to rise overall in the fourth quarter of 2024. Although single-family homes recorded a small decrease of 0.1 per cent compared to the previous quarter, condominiums have become significantly more expensive with an increase of 1.4 per cent. Compared to the fourth quarter of 2023, single-family homes now cost 4.2 per cent more and condominiums 2.4 per cent more. ‘This means that the increased attractiveness of owner-occupied residential property was also reflected in price dynamics at the end of the year. Thanks to significantly lower financing costs and very good prospects for further falls in interest rates, demand is likely to increase further at the start of the new year and thus accelerate the price trend once again,’ explains Fredy Hasenmaile, Chief Economist at Raiffeisen Switzerland.