"Switzerland's Pricey Real Estate Market: Locations with the Greatest Price Hikes Revealed (Percentage: 80)"
Switzerland's Real Estate Market in 2025: A Breakdown
Get ready for your wallet to take a hit, folks! According to Wuest Partner real estate consultants, property prices are set to skyrocket in 2025.
Here's the lowdown: single-family homes will cost you a whopping 3.8% more than in 2024 on average. What does that mean for your wallet? Well, if houses now cost over 40% more than a decade ago, you can imagine the bumper crash coming your way.
Apartments are no different. They've been climbing, with an increase of 3.6% compared to 2015, a huge jump from the annual rise of 2.9% in 2015. Boom! Today, you'd need to shell out 33% more to buy a flat compared to ten years ago.
But don't worry; it's not all doom and gloom. Different cantons feel the pinch more than others. In some, the prices are simply astronomical.
So, where's theproperty market exploding in Switzerland?
For single-family homes, it's the central Swiss cantons like Uri (up by 80%) and Nidwalden (77%) that have seen the most significant increases over the past ten years. For apartments, Zug has the most substantial hike in prices - oh boy, they're now 70% more expensive than in 2015! Next comes Zurich, with prices growing by 50%.
For both types of properties, prices in these places are way above the average national increase of 43% for houses and 33% for apartments in 18 cantons.
Want to know more about the Swiss property market in 2025? Check out our article on what property buyers in Switzerland should expect.
Now, let's talk about the miserly regions where you can expect the slimmest increases.
For both single-family homes and apartments, Ticino is your best bet, with property prices rising 'just' 15 and 5% respectively. Next comes Geneva, which might surprise you, given that property prices in Geneva are usually among the highest in the country. However, they've increased by less than in most cantons - 25 and 18% respectively.
Valais is next on the list, with a 35-percent and a 25-percent hike for apartments and houses, respectively. Even these 'low' increases are significant, especially in light of the salary levels in both Ticino and Valais, which are lower than in Geneva, Zurich, or Basel.
Why the crazy price differences among cantons?
Well, the Wuest Partner study points to two main reasons. The first is job availability. The more employment opportunities in an area, the more expensive real estate becomes - much like what happens with rents.
Second, supply and demand play a significant role. In areas with few residential construction projects, where the demand for housing outstrips supply, prices will be correspondingly high - a reality we see reflected in the rental market too.
[1] According to a study conducted by Wuest Partner real estate consultants in the first quarter of 2025, Geneva and Lausanne experienced marginal increases in apartment prices, with Geneva seeing a rise of +0.1%, Lausanne +0.2%, while house prices decreased slightly in Geneva (–0.3%) and Lausanne (–0.1%). In contrast, Lugano reported a decline in property prices, with apartment prices decreasing by –2.2% and house prices by –1.7%. These regions have not witnessed the significant price increases observed in other parts of Switzerland, such as Zug, Schaffhausen, and St. Gallen, which reported higher growth rates.
- Within Switzerland's Real Estate Market in 2025, the central cantons of Uri and Nidwalden stand out for showing the highest increase in single-family home prices, rising by 80% and 77% respectively compared to 10 years ago.
- Another canton not leaving investors unaffected is Zug, where apartment prices have skyrocketed by 70% compared to 2015, making it one of the costliest regions for real-estate investing in Switzerland.
