The asking prices for single-family houses and condominiums in Switzerland showed little change on average compared to the previous month. Following the intense market activity of recent months, the residential property market took a breather in July, according to the market report published on Thursday by real estate consultancy IAZI and Immoscout24.

Prices for single-family homes remained unchanged compared to the previous month, and were up 3,2 percent compared to the same month last year. Asking prices for condominiums rose by just 0,1 percent month-on-month and by 3,8 percent year-on-year.

(Graphics: IAZI/Immoscout24)

Among single-family homes, the Greater Zurich area was the only major region to post a noticeable increase, with prices up 1,2 percent. In Ticino (+0,2 percent), Northwestern Switzerland (+0,1 percent), and the Lake Geneva region (+0,1 percent), prices rose only marginally. Price declines were observed especially in Eastern Switzerland (-0,9 percent), as well as in Central Switzerland and the Central Plateau (each -0,3 percent).

In the condominium market, asking prices in Northwestern Switzerland rose sharply by 2,3 percent. Ticino saw an increase of 0.5 percent. Prices remained stable in the Central Plateau (+0,1 percent) and Eastern Switzerland (unchanged). Declines were recorded in Central Switzerland (-1,1 percent), the Greater Zurich area (-0,3 percent), and the Lake Geneva region (-0,4 percent).