Switzerland Luxury Residential Real Estate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Switzerland Luxury Residential Real Estate Market Analysis
During the time frame of the forecast, the luxury residential real estate market in Switzerland is expected to register a CAGR of more than 5%.
- COVID-19's impact was severe across all European countries, including Switzerland, and also affected market growth in the years 2020-2021. Despite the pandemic crisis, luxury residential real estate in the country is in a recovery phase, as sales in the country quickly bounced back to pre-pandemic levels. Some time back, no national measures were in place due to the COVID-19 pandemic. No proof of vaccination, recovery, or testing is required for entry into Switzerland. Since the return to normal, responsibility for measures to protect the population has been delegated to the cantons.
- Liquidity in the rental housing market has generally declined. Advertised apartment rents fell by an average of 2.6 percent. Blurring the boundary between home and work encourages a reassessment of the housing situation. Various real estate market indicators, such as search subscriptions, vacancies, and insertion times, continue to confirm a shift in demand towards less central locations and larger apartments. Additionally, the second-home market is currently booming.
- A decline in supply and demand for home ownership, while still high, is noticeable. This led to price increases of 6.7% for a medium-sized condominium and 8.3% for a medium-sized single-family house in the last 12 months. Nevertheless, the purchase of residential property is still attractive in terms of housing costs because mortgage interest rates are still very low. In 2023, further price growth is expected owing to a supply shortage. Across all sub-segments, an average increase of 2.5% for condominiums is predicted and 3.0% for single-family houses.
Switzerland Luxury Residential Real Estate Market Trends
Existing Home Sales Witnessing Strong Growth
Existing home sales, including single-family homes, townhomes, condominiums, and cooperatives, account for more than 85% of the market. Meanwhile, new home sales represent the remaining 15% of the market. The sales of existing homes are measured nationwide.
According to the National Association of Realtors, the sales are varied by price ranges. In 2021, most of the sales saw significant growth in price range by more than 42%.
Furthermore, sales of existing homes are leveraged by increasing first-time buyers, investor interest, cash sales, etc. Also, in 2022, more sales were registered as compared to 2021, with month-on-month growth of 6.7% and year-on-year growth of more than 2.3%. where the median sales price accounts for a growth rate of 15.4% compared to 2021.
Demand For Housing Market To Remain Elevated
The pandemic had a significant impact on the residential real estate market, but despite this disruption, the housing market is resilient, with rising home ownership in this sector.
Also, in the fourth quarter of 2021, there were enough housing units to meet consumer demand. More than 89% of these units were occupied by owners or renters.Additionally, the majority of the country's older and middle-aged citizens contribute to the sector's sales.For instance, people aged 45 to 65 will account for more than 70% of homeownership rates in the country in the first four quarters of 2021.
Most of the demand in this sector comes from condominiums and apartments. Apartments are likely to dominate the sector when compared to condominiums. Because more than 10,000 apartment units will be completed in Q2 2021, which is more than condominiums.
Switzerland Luxury Residential Real Estate Industry Overview
The Switzerland luxury residential real estate market is competitive with the presence of local and international players in the market. The Swiss luxury residential real estate market can be defined as a semi-consolidated market. Some of the top players in this market are Honeywell Immobilier, Sotheby's International Realty, Residence Immobilien, Engel & Volkers Zurichsee Region Zimmerberg, etc. The growing presence of international funds and foreign capital is increasingly attracting domestic developers to form joint ventures as a way of gaining a foothold in the country and enhancing their financial strength and management expertise.
Switzerland Luxury Residential Real Estate Market Leaders
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Sotheby's International Reality
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Residence Immobilien
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La Roche Residential SA
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Homewell Immobilier
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Engel & Volkers Zurichsee Region Zimmerberg
*Disclaimer: Major Players sorted in no particular order
Switzerland Luxury Residential Real Estate Market News
- March 2023: Honeywell Immobilier recently entered into a partnership with Watershed Organization Trust (WOTR) to focus on soil and water conservation in rural ecosystems. WOTR is involved in restoring rural water bodies, boosting the water table and helping farmers and women with livelihood opportunities.
- January 2022: Engel & Volkers Zurichsee Region Zimmerberg one of the Top Players has announced their expansion over 50 locations in Switzerland. This expansion has led to high presence on the market and the associated local affinity for the company.
Switzerland Luxury Residential Real Estate Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunities
4.3 Insights into Technological Innovation in the Luxary Residential Real Estate Sector
4.4 Government Regulations and Initiatives
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers/Consumers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Villas and Landed Houses
5.1.2 Apartments and Condominiums
5.2 By Cities
5.2.1 Bern
5.2.2 Zurich
5.2.3 Geneva
5.2.4 Basel
5.2.5 Lausanne
5.2.6 Other Cities
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 Honeywell Immobilier
6.2.2 Sotheby's International Reality
6.2.3 Residence Immobilien
6.2.4 La Roche Residential
6.2.5 Engel & Volkers Zurichsee Region Zimmerberg
6.2.6 Luxury places SA
6.2.7 CMG Immobilien
6.2.8 Swiss Capital Property
6.2.9 UM Real Estate Investment AG
6.2.10 SJS ImmoArch AG*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
Switzerland Luxury Residential Real Estate Industry Segmentation
Luxury residential real estate refers to properties that are exclusively designed for human occupation and that provide charm and resort life with high-end amenities. A complete background analysis of the Switzerland Luxury Residential Real Estate Market, including the assessment of the economy and contribution of sectors in the economy, a market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics and geographical trends, and COVID-19 impact, is covered in the report.
The Switzerland luxury residential real estate market is segmented by type (villas and landed houses & apartments and condominiums) and by city (Bern, Zurich, Geneva, Basel, Geneva, Lausanne, and other cities). The report offers the market sizes and forecasts for the Switzerland Luxury Residential Real Estate Market in value (USD) for all the above segments.
| By Type | |
| Villas and Landed Houses | |
| Apartments and Condominiums |
| By Cities | |
| Bern | |
| Zurich | |
| Geneva | |
| Basel | |
| Lausanne | |
| Other Cities |
Switzerland Luxury Residential Real Estate Market Research FAQs
What is the current Switzerland Luxury Residential Real Estate Market size?
The Switzerland Luxury Residential Real Estate Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Switzerland Luxury Residential Real Estate Market?
Sotheby's International Reality, Residence Immobilien, La Roche Residential SA, Homewell Immobilier and Engel & Volkers Zurichsee Region Zimmerberg are the major companies operating in the Switzerland Luxury Residential Real Estate Market.
What years does this Switzerland Luxury Residential Real Estate Market cover?
The report covers the Switzerland Luxury Residential Real Estate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Switzerland Luxury Residential Real Estate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Luxury Residential Real Estate in Switzerland Industry Report
Statistics for the 2023 Luxury Residential Real Estate in Switzerland market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Luxury Residential Real Estate in Switzerland analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
