03.02.2025 - The Swiss Residential Property Price Index (IMPI) rose in the 4th quarter 2024 by 1.8% compared with the previous quarter and reached 120.2 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 2.4%. Average annual inflation for residential property in 2024 was 1.7%. These are some of the results from the Federal Statistical Office (FSO).
The average annual inflation of the IMPI for 2024 of 1.7% corresponds to the rate of change between the annual average for 2024 and that for 2023. The annual average is calculated as the arithmetic average value of the four quarterly indices of the calendar year. The prices of single-family houses increased last year on average by 1.1% and those of condominiums by an average of 2.3%.
In the 4th quarter 2024, in comparison with the previous quarter, across Switzerland the prices of both single-family houses (+0.5%) and those of condominiums increased (+2.9%). Both market segments showed higher prices in all municipality types than in the previous quarter. For single-family houses, prices rose the most in urban municipalities of a small or outside agglomeration (+1.0%). For condominiums, the greatest price increase was seen in the category of urban municipalities of a large agglomeration (+4.7%).
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