The Switzerland Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build) and Secondary (Resale)), and by City (Zurich, Geneva, Basel, Bern, Zug and Other Cities). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for Residential Property Prices for Switzerland (QCHN628BIS) from Q1 1970 to Q2 2025 about Switzerland, residential, HPI, housing, price index, indexes, and price.

Key information about House Prices Growth

• Switzerland house prices grew 3.4% YoY in Sep 2025, following an increase of 2.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1971 to Sep 2025, with an average growth rate of -0.4%.
• House price data reached an all-time high of 26.2% in Mar 1973 and a record low of -9.0% in Dec 1975.

Housing Index in Switzerland increased to 202.23 points in the third quarter of 2025 from 200.07 points in the second quarter of 2025. This dataset provides - Switzerland House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

House prices in Switzerland continued their rise in 2020, having experienced decreases only in late 2016 and early 2017 in the last decade. Based on the average transaction fees of both houses and apartments across three separate providers, house prices grew by by over ***** percent year-on-year in the second quarter of 2020 (over **** percent y-o-y when adjusted for inflation). Before this, growth did slow down a bit due to stricter bank lending criteria in the country.

Residential Property Prices in Switzerland increased 4.95 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Switzerland Residential Property Prices.

Geneva was the most expensive Swiss city to buy an apartment in, with average values of approximately ****** euros per square meter in the first quarter of 2025. The price of an apartment in Bern was significantly lower, with values of approximately ***** euros per square meter.

Real estate market trends, property prices, rental yields, and market forecasts

The market cap of the listed real estate companies in Switzerland rose in 2024. In the fourth quarter of the year, the Swiss listed real estate market was estimated at over ** billion U.S. dollars, up from down from approximately **** billion U.S. dollars in the same period in 2022. In 2024, Switzerland had the second-largest listed real estate market cap in Europe.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

Overview

The allure of Swiss houses lies in their harmonious integration with the breathtaking natural surroundings, offering residents a unique blend of tranquility and cosmopolitan living.

Switzerland's renowned stability, both economically and politically, adds a layer of desirability to its real estate market. The country's commitment to quality living is reflected not only in its efficient infrastructure but also in its high standards of education, healthcare, and overall well-being.

However, such a high quality of life and the unparalleled Swiss experience come at a cost. Swiss house prices reflect the exclusivity and desirability of the real estate market, positioning it as an investment in both luxury and lifestyle. In this journey through Swiss real estate, I unravel the layers of this captivating narrative, helping you exploring not just the numbers but the essence of what makes owning a house in Switzerland an aspirational dream for many - probably also yours!?

File

• house_price_switzerland.csv - The complete dataset with 11 columns.

Columns

• ID - A unique identifier for each object in the dataset.
• HouseType - Describes the type of the house, such as "Villa".
• Size - Represents a categorical size classification, for example, "L".
• Price - Indicates the value of the house in Swiss Francs (CHF). If NaN the price is "Price on Request".
• LotSize - Specifies the surrounding area of the property in square meters.
• Balcony - Binary indicator of whether the object has a balcony (Yes/No).
• LivingSpace - Denotes the living area of the house in square meters.
• NumberRooms - Indicates the total number of rooms in the house.
• YearBuilt - Represents the year in which the house was constructed.
• Locality - Specifies the city or town where the object is situated.
• PostalCode - Corresponds to the postal code of the locality where the object is located.

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Switzerland was modeled to amount to ************* U.S. dollars in 2024. Following a continuous upward trend, the real estate transaction value has risen by ************ U.S. dollars since 2017. Between 2024 and 2029, the real estate transaction value will rise by ************ U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Residential Real Estate Transactions.

The Switzerland luxury residential real estate market size reached USD 13,971.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 20,584.2 Million by 2033, exhibiting a growth rate (CAGR) of 4.40% during 2025-2033. The increase in high-net-worth individuals seeking stability and privacy, surging foreign investment, rising demand for sustainable and eco-friendly homes, and the integration of advanced and sustainable smart home technologies are some of the key factors strengthening the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type.

Discover the booming Swiss luxury real estate market! Our analysis reveals a CHF 20B+ market with a CAGR exceeding 5%, driven by HNWIs and limited supply. Explore key trends, leading companies, and investment opportunities in Zurich, Geneva, and beyond. Learn more now! Recent developments include: March 2023: Honeywell Immobilier recently entered into a partnership with Watershed Organization Trust (WOTR) to focus on soil and water conservation in rural ecosystems. WOTR is involved in restoring rural water bodies, boosting the water table and helping farmers and women with livelihood opportunities., January 2022: Engel & Volkers Zurichsee Region Zimmerberg one of the Top Players has announced their expansion over 50 locations in Switzerland. This expansion has led to high presence on the market and the associated local affinity for the company.. Notable trends are: Existing Home Sales Witnessing Strong Growth.

Data description

The House Price Index (HPI) measures inflation in the residential property market. The HPI captures price changes of all types of dwellings purchased by households (flats, detached houses, terraced houses, etc.). Only transacted dwellings are considered, self-build dwellings are excluded. The land component of the dwelling is included.

The HPI is available for all European Union Member States (except Greece), the United Kingdom (only until the third quarter of 2020), Iceland, Norway, Switzerland and Turkey. In addition to the individual country series, Eurostat produces indices for the euro area and for the European Union (EU). As from the first quarter of 2020 onwards, the EU HPI aggregate no longer includes the HPI from the United Kingdom.

The national HPIs are produced by National Statistical Offices (NSIs) and the European aggregates by Eurostat, by combining the national indices. The data released quarterly on Eurostat's website include the national and European price indices, weights and their rates of change.

In order to provide a more comprehensive picture of the housing market, house sales indicators are also provided. Available house sales indicators refer to the total number and value of dwellings transactions at national level where the purchaser is a household. Eurostat publishes in its database a quarterly and annual house sales index as well as quarterly and annual rates of change.

Statistical concepts and definitions

The HPI is based on market prices of dwellings. Non-marketed prices are ruled out from the scope of this indicator. Self-build dwellings, dwellings purchased by sitting tenants at discount prices or dwellings transacted between family members are out of the scope of the indicator. It covers all monetary dwelling transactions regardless of its type (e.g., carried out through a cash purchase or financed through a mortgage loan).

The HPI measures the price developments of all dwellings purchased by households, regardless of which institutional sector they were bought from and the purpose of the purchase. As such, a dwelling bought by a household for a purpose other than owner-occupancy (e.g., for being rented out) is within the scope of the indicator. The HPI includes all purchases of new and existing dwellings, including those of dwellings transacted between households.

The number and value of house sales cover the total annual value of dwellings transactions at national level where the purchaser is a household. Transactions between households are included. Transfers in dwellings due to donations and inheritances are excluded.

The house sales value reflect the prices paid by household buyers and include both the price of land and the price of the structure of the dwelling. The prices for new dwellings include VAT. Other costs related to the acquisition of the dwelling (e.g., notary fees, registration fees, real estate agency commission, bank fees) are excluded.

Statistical unit

Each published index or rate of change refers to transacted dwellings purchased at market prices by the household sector in the corresponding geographical entity. All transacted dwellings are covered, regardless of which institutional sector they were bought from and of the purchase purpose.

more: https://ec.europa.eu/eurostat/cache/metadata/en/prc_hpi_inx_esms.htm

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Switzerland Luxury Residential Real Estate Market size was valued at USD 10 Billion in 2024 and is projected to reach USD 14.55 Billion by 2032, growing at a CAGR of 4.8% during the forecast period from 2026-2032.

Switzerland Luxury Residential Real Estate Market: Definition/ Overview

Luxury Residential Real Estate refers to high-end properties that provide exceptional comfort, exclusivity, and premium features to affluent individuals. These properties are typically located in prestigious Switzerland areas, such as city centers, exclusive neighbourhood, or scenic destinations, and are distinguished by exceptional craftsmanship, high-quality materials, and cutting-edge amenities.

Comprehensive real estate market data and investment metrics for Switzerland

Real residential property prices Y-on-Y, percent change in Switzerland, June, 2025 The most recent value is 4.95 percent as of Q2 2025, an increase compared to the previous value of 3.76 percent. Historically, the average for Switzerland from Q1 1990 to Q2 2025 is 1.39 percent. The minimum of -8.82 percent was recorded in Q3 1992, while the maximum of 8.65 percent was reached in Q4 2006. | TheGlobalEconomy.com

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.