Swiss real estate market: price rises and rental trends in 2024 according to UBS
According to a recent UBS study on price trends in the real estate market, residential property prices in Switzerland rose by 0.6% in the fourth quarter of 2024, bringing the annual increase to 2.4%.
Adjusted for inflation, the increase was 1.8%, slightly above the long-term average. At the same time, rents in progress (premises already occupied) and rents offered (offers on the market) rose by 3.3% and 2.3% respectively year-on-year, although rental momentum has eased recently.
The UBS Real Estate Bubble Index, which assesses the risk of a real estate bubble in Switzerland, shows that there is no such risk, given the profound imbalance between the high demand for new condominiums and supply.
The rate of issuance of new building permits is at an all-time low in the face of steady demographic growth. In short, new housing construction is meeting only a third of demand.
For a detailed analysis, see the full UBS study.