⏱ 1 min read
Background
The prospect of a possible end to the Swiss National Bank's zero-rate policy has pushed up fixed-rate mortgage rates in recent months. Yet prices of owner-occupied homes keep rising in Switzerland.
The key points
According to Raiffeisen's transaction price index, single-family house prices rose by 3.6% over a year, and condominium prices by 5.9%. In the third quarter of 2026, the increase reached 2.0% for houses and 1.7% for condominiums.
For condominiums, the Lake Geneva region shows a modest increase of 0.4% over a year. Southern Switzerland leads with a rise of 7.4%.
Key figures
- Single-family houses over one year: +3.6%.
- Condominiums over one year: +5.9%.
- Houses in western Switzerland over one year: +4.6%.
- Condominiums in tourist municipalities: +7.9%.
- Condominiums in the Lake Geneva region: +0.4%.
What it means for businesses
House prices rose most in urban centres, by 5.2% over a year. For condominiums, centres show the weakest growth, at 1.6%.
Who says what
Fredy Hasenmaile, chief economist at Raiffeisen, believes the moderate rise in rates is not enough to reverse the price momentum, as supply remains limited.
Further reading
Sources
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