House prices rise in Switzerland for the third quarter in a row

House prices in Switzerland have continued to rise in the third quarter of 2025, according to new figures from the Federal Statistical Office (FSO). 

Property prices in Switzerland up 5,2 percent

Setting down roots and buying a house in Switzerland continued to get more expensive in the third quarter of 2025, according to the latest FSO statistics. The Swiss Residential Property Index (IMPI), an indicator that tracks the development of house prices in Switzerland, rose by 0,8 percent compared to the previous quarter, reaching 124,3 points. Year-on-year, the index saw a 5,2 percent increase.

Single-family houses and apartments both saw price increases quarter-on-quarter, rising 1,5 percent and 0,1 percent respectively. Single-family house prices rose 3,7 percent in intermediary municipalities, i.e., cities with a population between 50,000 and one million that connects a larger city with rural areas. Apartment prices rose 1,3 percent in urban municipalities of a small or outside agglomeration, a city that has urban characteristics but is not densely populated. 

Unlike in the previous quarter, prices fell in the third quarter for both single-family houses (-0,8 percent) and apartments (-0,9 percent) in urban municipalities or a large agglomeration.

Mortgage rates in Switzerland stay the same

Mortgage rates in Switzerland “remained largely unchanged” in the third quarter of 2025, according to price comparison site Comparis. The Swiss National Bank (SNB) “ended its interest rate cutting cycle” in September, meaning that the key interest rate remained at 0 percent.

In the year’s third quarter, 10-year fixed-rate mortgages averaged between 1,3 and 1,8 percent, and five-year fixed-rate mortgages averaged between 1 and 1,5 percent.

The average rate for 10-year fixed-rate mortgages, based on data from 30 different mortgage providers, was 1,68 percent, down 0,09 percent compared to the previous quarter. For five-year fixed-rate mortgages, the benchmark rate was 1,39 percent, about the same quarter-on-quarter (1,40 percent).

Mortgage rates in Switzerland have been declining in recent years, reaching a 3-year low at the end of 2024. But with house prices continuing to rise throughout 2025, the dream of buying a home may still be a challenge for some.