In-article:

Rising prices – home ownership will be significantly more expensive in the 2nd quarter – News

  • Home ownership prices in Switzerland rose by 2.7 percent in the second quarter.
  • In the first quarter, prices remained practically stable compared to the previous quarter.

From April to June 2022, the Swiss Residential Property Price Index (IMPI) increased by 2.7 percent compared to the previous quarter to 113.2 points. Compared to the corresponding quarter of the previous year, the price increase is as much as 7.5 percent, as the Federal Statistical Office (BFS) announced on Tuesday.

Both the price development for condominiums (+3.3 percent) and for single-family houses (+2.0 percent) contributed to the increase in the overall index compared to the previous quarter. A slight fall in prices for single-family homes was only seen in urban communities within a medium-sized agglomeration.

Condominiums, on the other hand, became more expensive in all types of municipality, but prices increased most in the category of urban municipalities in a large agglomeration.

The IMPI is a relatively new indicator: it has only been published quarterly since the third quarter of 2020. According to the BFS, it is calculated from an average of around 7,000 transactions from all regions of Switzerland. The FSO obtains data from the 25 largest mortgage institutions in Switzerland. These cover a very large market share, as the vast majority of real estate purchases are financed with a mortgage, it is said.

source site-72