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According to real estate expert IAZI, housing prices, which fell slightly in the first quarter of 2023, rose again in the second quarter of the year.
This is the result of the “SWX IAZI Investment Property Price Index” published on Wednesday. Overall, home prices in the state rose an average of 0.8 percent from the first quarter. This results in a 4.8 percent price increase over the past twelve months.
Low inflation, high labor migration
The reasons for prices that have already started to rise again are as follows: “Firms’ purchasing power and the hard-to-satisfy demand for highly skilled workers with relatively low inflation will likely lead to record-breaking worker migration this year,” experts from IAZI wrote.
This continued demand can be felt in both the owner-occupied and rental housing markets. According to the real estate expert, rising rents have a supportive effect on the values of the apartments.
When calculating price indices, IAZI only considers over-the-counter transactions with mortgage companies under market conditions. It measures the actual willingness to pay of interested parties in the market. (SDA)
Source : Blick
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