Federal Statistical Office Swiss residential property price index in 1st quarter 2023
Residential property prices fell by 1.2% in 1st quarter 2023
16.05.2023 - The Swiss residential property price index (IMPI) fell in the 1st quarter 2023 compared with the previous quarter by 1.2% and reached 114.6 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 3.9%. These are some of the results from the Federal Statistical Office (FSO).
In the 1st quarter 2023, in comparison with the previous quarter across Switzerland both the prices of single-family houses (-1.3%) and those of condominiums decreased (-1.1%). For single-family houses, prices fell the most in rural municipalities (-4.5%), while prices rose the most in urban municipalities of a small or outside agglomeration (+0.3%). The market segment of condominiums showed lower prices than in the 4th quarter 2022 in all municipality types. The decrease in prices for single-family houses in urban municipalities of a small or outside agglomeration was particularly pronounced (-1.5%).