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Economics

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.

The SNB has been concerned about high prices in Switzerland’s property market.

Photographer: Jose Cendon/Bloomberg
Updated on

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.