Houses have become more than ten percent more expensive in one year. The prices for private homes in the Eastern Switzerland region and in tourist communities have risen the most.

If you want to buy a house, you have to dig deep into your wallet.

 Prices for single-family homes will rise by over 10 percent in one year

Single-family houses have become 10.3 percent more expensive within a year.

 Prices for single-family homes will rise by over 10 percent in one year

The prices for condominiums have increased by 7.2 percent in the same period.

That's what

  • Single-family houses have become 10.3 percent more expensive.

  • Particularly Prices in Eastern Switzerland have risen sharply.

  • There, owning a home costs 13.3 percent more than it was a year ago.

If you want to buy your own home, you always have to pay more Raise money. Because prices continued to rise in the fourth quarter of last year. This is shown by a current analysis by Raiffeisen Bank.

For single-family houses, buyers had to pay 1.6 percent more between October and December than in the previous three months. Condominium prices rose slightly more at 1.8 percent.

This means that single-family houses have become 10.3 percent more expensive within a year, while the prices for condominiums have increased by 7.2 percent in the same period.

Raiffeisen chief economist Martin Neff says: “The price dynamics on the market for owner-occupied residential property will remain high. Prices are rising across the country and in all types of communities. Both for condominiums and single-family houses, the price development is currently strongest in tourist regions. »

Prices rise differently depending on the region

They are the strongest Prices for single-family houses in the Eastern Switzerland region have risen. The cost of owning a home there is 13.3 percent more than a year ago, and prices in the Central Switzerland region are rising by eleven percent, Raiffeisen said.

In contrast, prices rose slightly less in the Bern regions, at 5.5 percent, and in the Lake Geneva region, at 5.8 percent. In the case of condominiums, prices rose the most in the southern Switzerland region, at 9.4 percent. According to the bank, French-speaking Switzerland recorded the lowest price increases year-on-year with plus 5.8 percent.

Tourist municipalities are the front runners

The analysis of home prices shows that house prices in tourist communities have increased significantly more than in other types of communities by 13.6 percent within one year Percent, the tourist communities have the strongest price increases. With an increase of nine percent, condominium prices also rose sharply in the city centers.

How the prices are calculated

Raiffeisen bases its figures on house and apartment prices on the transaction price index. This appears quarterly at the beginning of a new quarter. The index measures, based on handover data from Raiffeisen and the Swiss Real Estate Datapool (SRED), the price development of owner-occupied residential property in Switzerland.

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

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