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This is the result of an assessment by the Swiss Marketplace Group (SMG) in collaboration with the Swiss Real Estate Institute. Last year, the duration of condominium advertisements in Switzerland fell to 77 from the previous 80 days, according to analysis published on Thursday.
However, there was also a five percent drop in the supply of 70,000 objects. However, the combination of these two values means that the demand for condominium will increase throughout Switzerland in 2022, according to the communiqué. Apartments remain “a coveted but limited property in Switzerland”.
Overall, however, the market presented itself more regionally than before. Apartments can still be sold the fastest in the Zurich region, that is, within 43 days. This value remained unchanged compared to 2021. In fact, tender times in the other six regions decreased by 5 to 17 percent.
In Geneva, the situation is different, the duration of advertisements slightly increased, on average, by almost two percent. Ticino still separates from other regions. Here, the ads, which were already the longest last year, again increased significantly, by seven percent, as they say.
Differences in condominium demand are not only evident by region. A clear picture emerged when the types of municipalities were compared.
In municipalities in the narrower agglomeration belt around major cities, an increased demand for residential property was seen in seven of the eight surveyed districts, while a weakening of demand was generally observed in rural suburban communities, according to the information.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
