During the final quarter of 2024, condominium prices in Switzerland experienced a modest uptick of 0.5%, while single-family home prices saw a slight decline of 0.2%, based on transaction price indices released by real estate analysts IAZI on Thursday.

These changes collectively led to a marginal overall increase in residential property values in the country of just 0.1%, as noted in the accompanying press release.

Although the market showed minimal movement in the closing months of the year, residential property prices are projected to rise by 2.7% for 2024 as a whole. This anticipated growth aligns closely with the long-term average, indicating a steady trajectory in property values over time, Swiss Info reports.

In contrast, the market for investment properties exhibited a slight downturn toward the end of the year. According to the press release, prices for direct real estate investments, such as apartment buildings, dipped by 0.3% in the fourth quarter of 2024 compared to the previous quarter.

However, for the year as a whole, investment property prices experienced a modest rise of 1.1%, reflecting a stable but less robust performance than the residential sector.

Residential property prices in Switzerland maintained their upward trajectory last year, although the rate of growth decelerated toward the latter part of the year.

According to the real estate consultancy IAZI, this recent stagnation in price trends is expected to be short-lived. The firm anticipates that favourable market conditions, chief among them declining interest rates, will reignite demand for residential space in Switzerland in 2025, both for rental properties and homes available for purchase.