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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.

With rising mortgage rates, many property owners are asking themselves whether they should now reduce the debt and interest burden by paying off the mortgage. In its recently published article on this topic, however, UBS advises against this and recommends investing in longer-term capital investments with the liquid assets.

Overall, 2022 was generally positive for Swiss real estate investors. However, the consequences of the interest rate turnaround are already being felt. At the media conference for the publication of the latest IAZI Swiss Property Benchmark, IAZI CEO Prof. Dr. Donato Scoganamiglio said: “Last year, investments in real estate were the only asset class that did not crash.