This week, the Federal Statistical Office (FSO) published the Swiss residential property price index for 2023, which showed an annual price increase of 2.2%, with a rise of 1.1% in the fourth quarter.
The average price of single-family homes rose by an average of 1.9% last year and the prices of apartments rose by an average of 2.4%.
In the fourth quarter of 2023, both the prices of single-family homes (+0.5%) and those of apartments (+1.7%) were up across Switzerland. Single-family home prices rose the most in large urban areas and related agglomerations (+2.0%), while prices fell in medium-sized urban areas and agglomerations (-2.0%).
Apartment prices rose the most (+4.6%) in small urban areas, while declining apartment prices (-1.5%) were found only in large urban centres.
Across all of Switzerland, an average apartment was 17% more expensive at the end of 2023 than it was at the end of September 2020 and a single-family home was 16% more expensive – see charts here. Fourth quarter price changes by municipality can be viewed here and quarterly price changes by property type can be seen here.
More on this:
FSO article (in French) – Take a 5 minute French test now
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