In Switzerland, the cost of buying a home is on the rise and fewer households are able to afford it. While Switzerland has always been known as a nation of renters, with a low home ownership rate compared to other European countries, recent data from the Federal Statistical Office shows that only 36 percent of permanently occupied apartments in Switzerland are owned by their occupants. This is the lowest proportion in Europe.
Despite the challenges, there is still a strong desire for home ownership among the Swiss population. A survey by Wüest Partner found that 46 percent of tenant households are considering buying a home, but market prices often exceed what these households can afford. Experts predict that home prices in Switzerland will continue to rise, with increases expected in both condominiums and single-family homes in the coming years.
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