Swiss House Prices Drop as Global Trend Reaches Booming Market
- Transaction prices dropped 0.18% in final quarter of last year
- SNB has warned about ‘stretched valuations’ in housing
The SNB has been concerned about high prices in Switzerland’s property market.
Photographer: Jose Cendon/BloombergThis article is for subscribers only.
Prices for Swiss single family homes fell for the first time since before the pandemic, raising the prospect that a market that has boomed for decades may be turning.
Transaction prices declined 0.18% in the final three months of 2022, data compiled by Zurich-based real-estate consulting firm Wuest Partner show. The last time they fell was in the third quarter of 2019. They’ve risen 5.5% over the past year and more than doubled over the past two decades.