Like other price measures, the Swiss real estate market is also seeing higher values.
The Swiss residential real estate market shows no signs of cooling, with prices for houses and condominiums continuing their rise in the fourth quarter.
The Swiss Residential Property Price Index (IMPI) rose 2.6 percent in the fourth quarter compared to the previous three month period, the Federal Statistics Office (FSO) said Tuesday.
Real Estate Inflation Picking Up
With that, the pace of inflation rose from 2.4 percent rate in the third quarter which was faster still than the 2.2 percent in the second. This is in stark contrast to prices at the beginning of least year when they fell 0.1 percent in the first quarter.
For all of 2021, prices were 5.7 percent higher than the previous year when annual growth was 2.0 percent, the report said.
The IMPI measures price trends for residential real estate are based on actual transactions collected from the 25 largest mortgage institutions. As such it takes into account what buyers have actually paid for the dwelling rather than what the asking price is.
