null Average annual inflation rate for residential property in 2020 was 2.5%
The Swiss residential property price index (IMPI) increased in the 4th quarter 2020 compared with the previous quarter by 2.3% and reached 103.1 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 3.1%. The average annual inflation rate for residential property in 2020 was 2.5%. These are some the results from the Federal Statistical Office (FSO).
The average annual inflation rate of the IMPI for 2020 of 2.5% corresponds to the rate of change between the annual average for 2020 and that for 2019. The annual average is calculated as the arithmetic average value of the four quarterly indices of the calendar year. The prices of single-family houses increased last year on average by 2.8% and those of condominiums by an average of 2.2%.
In the fourth quarter of 2020 the increase of the IMPI compared with the previous quarter was 2.3%. The prices for both single-family houses (+1.5%) and condominiums (+3.1%) increased. Both market segments showed higher prices in all municipality types than in the previous quarter. The increase in prices for single-family houses was particularly marked in intermediary municipalities (+2.4%). The prices for condominiums increased most in the rural municipalities (+5.2%).
For further information:
Media release from the Swiss Federal Statistical Office FSO Average annual inflation rate for residential property in 2020 was 2.5%
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