Swiss residential property prices continued their upward trend in Q3, rising 1.7% year-over-year and 0.5% since mid-year, fueled by declining mortgage rates and anticipated cuts from the Swiss National Bank. Condominiums saw a price increase of 0.7%, outpacing single-family homes at 0.3%. Notably, medium-sized urban municipalities experienced the most significant growth, while rural areas faced declines. By the end of September, the Swiss Residential Property Price Index reached 118.2 points, with a baseline of 100 set in Q4 2019.
