(MENAFN – Swissinfo) Residential property prices in Switzerland rose sharply in the last quarter of 2020, and averaged 2.5% for the year as a whole, according to the Federal Statistical Office.
This content is published on 16 February 2021 – 13:03 February 16 2021 – 13:03 Keystone-SDA / jc
This is according to the Swiss Residential Property Price Index published for the second time by the FSO on Tuesday. The new index rose 2.3% in the fourth quarter compared with the previous quarter, representing an overall increase of 3.1% in the same quarter a year earlier, said FSO External Link.
Prices rose 3.1% for owner-occupied apartments, both compared to the previous quarter and the previous year. For single family homes they rose 1.5% in the fourth quarter compared with the previous one. In both market segments, prices rose in all types of communities, both urban and rural.
The FSO residential property index measures developments in transaction prices for single-family homes and owner-occupied flats every three months, with the data broken down into five city types. The data for the calculation comes from the 26 largest and most active mortgage institutions in Switzerland.
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