House prices in Switzerland continue to fall

In the second quarter of 2023, home purchase prices in the country fell by 2%. Such data are provided in a study by Wüest Partner. More recently, in 2022, real estate prices in Switzerland hit historical records, but it seems that the times of growth are over. So far, the price decline is less noticeable in those regions and cities where the supply level is traditionally low. Such locations include such popular cities as Zurich, Geneva, Basel. In rural areas, where incomes are lower and infrastructure and services are less developed, prices fall faster. One of the reasons for the fall in prices is considered to be an increase in the interest rate on loans to 1.75%. But it is also worth noting the fact that the cost of housing itself in Switzerland has become so high over the years that it is reducing the number of people willing to buy it.

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