Residential property prices increased by 1.1% in 2nd quarter 2024

by | 5 Aug 2024 | Economy

The Swiss residential property price index (IMPI) rose in the 2nd quarter 2024 compared with the previous quarter by 1.1% and reached 117.5 points (4th quarter 2019 = 100).

Compared with the same quarter of the previous year, inflation was 1.4%. These are some of the results from the Federal Statistical Office (FSO).

 

In the 2nd quarter 2024, in comparison with the previous quarter, across Switzerland both the prices of single-family houses (+1.2%) and those of condominiums increased (+0.9%). T

he single-family houses market segment showed higher prices than in the 1st quarter 2024 in all municipality types.

The greatest price increase was seen in the category of rural municipalities (+2.3%). Condominium prices also rose particularly sharply in rural municipalities (+2.7%).

A decline in prices for condominiums was only recorded in urban municipalities of a large agglomeration (-0.3%).