Lease purchase: Without equity to the dream house, does it actually work?
While the Prices on the home market are going through the roof and the necessary equity is becoming more and more a problem, “hire purchase” should offer an alternative to traditional property purchases. We explain the advantages and disadvantages in the video.
10.09.2021
The dream of owning a home is becoming impossible for many: When it comes to home ownership, prices are rising significantly in all regions and all segments. This is shown by an evaluation by Raiffeisen Switzerland.
In Switzerland, the acquisition of Home ownership more expensive and more expensive. The transaction prices for single-family houses and condominiums rose further in the third quarter of 2021, as an analysis by Raiffeisen Switzerland shows.
“The price dynamics on the market for owner-occupied residential property has increased again”, says Raiffeisen chief economist Martin Neff according to Communiqué from Wednesday. Single-family house prices climbed 4.4 percent in the third quarter compared to the second quarter, and condominiums cost two percent more.
Compared to the third quarter of last year, the price development is even more impressive: since then, according to Raiffeisen, transaction prices for single-family houses have risen by 9.7 percent and those for condominiums by 7.9 percent.
High demand in tourist communities
According to Neff, prices are rising significantly in all regions and all segments, but the rise in house prices in tourist regions is particularly strong. Home ownership is particularly popular there in times of home office.
The prices for residential property are higher increased. (Archive)
Picture: Keystone
In tourist communities both house prices shot up (+ 18.3%) as well as those for condominiums (+ 12.9%) compared to the previous year upwards. Both housing categories were also popular in centers and urban communities, with price increases of around 9 percent each. The increase in rural areas was less pronounced.
More expensive apartments on Lake Geneva
When viewed by region, prices for single-family houses rose year-on-year in southern Switzerland (+11 , 7%) and the strongest in the Bern region (+ 11.1%). The increase was less clear in north-western Switzerland (+ 6.4%) and eastern Switzerland (+ 7.4%).
When it comes to condominiums, the Lake Geneva region leads the ranking with an increase of 12.3 percent in prices. And here too, Eastern Switzerland (+ 2.0%) recorded the lowest increase.
The Raiffeisen transaction price index appears quarterly at the beginning of a new quarter and measures the price development of owner-occupied residential property in Switzerland based on handover data from Raiffeisen and the Swiss Real Estate Datapool (SRED).
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