Medienmitteilung

Swiss residential property price index in 4th quarter 2023 Average annual inflation for residential property in 2023 was 2.2%

02.02.2024 - The Swiss residential property price index (IMPI) rose in the 4th quarter 2023 compared with the previous quarter by 1.1% and reached 117.4 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 1.2%. Average annual inflation for residential property in 2023 was 2.2%. These are some of the results from the Federal Statistical Office (FSO).

The average annual inflation of the IMPI for 2023 of 2.2% corresponds to the rate of change between the annual average for 2023 and that for 2022. 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 1.9% and those of condominiums by an average of 2.4%.

In the 4th quarter 2023, in comparison with the previous quarter across Switzerland, the prices of both single-family houses (+0.5%) and those of condominiums increased (+1.7%). For single-family houses, prices rose the most in urban municipalities of a large agglomeration (+2.0%), while prices fell the most in urban municipalities of a medium-sized agglomeration (-2.0%). For condominiums, the greatest price increase was seen in the category of urban municipalities of a small or outside agglomeration (+4.6%). A decline in prices for condominiums was only recorded in urban municipalities of a large agglomeration (-1.5%).

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