Market Size of Switzerland Luxury Residential Real Estate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Switzerland Luxury Residential Real Estate Market Analysis
During the time frame of the forecast, the luxury residential real estate market in Switzerland is expected to register a CAGR of more than 5%.
- COVID-19's impact was severe across all European countries, including Switzerland, and also affected market growth in the years 2020-2021. Despite the pandemic crisis, luxury residential real estate in the country is in a recovery phase, as sales in the country quickly bounced back to pre-pandemic levels. Some time back, no national measures were in place due to the COVID-19 pandemic. No proof of vaccination, recovery, or testing is required for entry into Switzerland. Since the return to normal, responsibility for measures to protect the population has been delegated to the cantons.
- Liquidity in the rental housing market has generally declined. Advertised apartment rents fell by an average of 2.6 percent. Blurring the boundary between home and work encourages a reassessment of the housing situation. Various real estate market indicators, such as search subscriptions, vacancies, and insertion times, continue to confirm a shift in demand towards less central locations and larger apartments. Additionally, the second-home market is currently booming.
- A decline in supply and demand for home ownership, while still high, is noticeable. This led to price increases of 6.7% for a medium-sized condominium and 8.3% for a medium-sized single-family house in the last 12 months. Nevertheless, the purchase of residential property is still attractive in terms of housing costs because mortgage interest rates are still very low. In 2023, further price growth is expected owing to a supply shortage. Across all sub-segments, an average increase of 2.5% for condominiums is predicted and 3.0% for single-family houses.
