2024-03-22 14:54:12
The real estate market cooled down noticeably in 2023
The market in Switzerland is at an interim low, writes the consulting firm IAZI. However, the SNB’s reduction in key interest rates promises improvement.
The Swiss real estate market cooled down noticeably as a result of the interest rate turnaround last year. However, there was no slump like in some European countries. Experts therefore speak of a soft landing.
The Swiss real estate market is at an interim low, according to a statement from the real estate consulting company IAZI on Friday. Investments in real estate are still paying off, but the market is now a long way from the performance figures during the low interest rate phase. The surprising interest rate cut However, the Swiss National Bank SNB promises the proverbial silver lining on the horizon.
The figures from the IAZI Swiss Property Benchmark showed that the performance of all property categories declined due to a lack of value increases. In comparison, other asset classes such as bonds (+6.4%) and stocks (+4.7%) would have performed solidly in 2023.
Meanwhile, vacancies for both residential properties and offices have fallen again, by a total of -0.4 percentage points to 3.8 percent (previous year: 4.2%). More on this read here.
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