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In its latest analysis, UBS sees a calming on the interest rate market. It writes on its website: “After the rollercoaster ride in March, events on the bond market calmed down in April. Interest rates for Swiss government bonds moved sideways for all important maturities. The same applies to mortgage interest rates.”

As the “SWX IAZI Private Real Estate Price Index” for residential property reveals, the owner-occupied housing market remains unimpressed by the changing signs on the interest rate front as of the end of Q1 2023.

According to Raiffeisen Switzerland, prices for owner-occupied homes continued to grow overall despite persistently higher interest rates. In the first quarter of 2023, condominiums cost 2.4 percent more than in the previous quarter. The strongest price increases within a year for single-family homes were recorded in Central Switzerland and Eastern Switzerland, and the prices for condominiums rose the most in the last four quarters around Lake Geneva.