PwC-Immospektive is aimed at all players in the Swiss real estate market and provides an incisive overview of current market activity.

In addition to clear presentation and interpretation of the latest figures from research and consultancy company Fahrländer Partner, the publication also shows the influence of economic data on various segments and real estate submarkets. Each issue also takes a closer look at current market developments and sector trends. PwC-Immospektive is published quarterly – at the same time as the meta-analysis by Fahrländer Partner.

Interpretation of the FPRE real estate meta analysis Q4/18


The Swiss economy is growing strongly in 2018, thanks to a fortunate conjunction of several factors. However, much of the growth can be put down to individual special factors such as sporting events. The coming year is expected to see growth slow as several drivers lose momentum. This slowdown and the renewed appreciation of the Swiss franc reduce the risk of interest rates rising in the short term. The ongoing pressure to invest is leading to further reductions in yields, especially for multi-family homes. With owner-occupied properties, by contrast, the risk of a real estate bubble has fallen, as prices have only performed modestly recently compared to the trend in the economy. The construction industry cooled slightly in the third quarter, but this is likely to be only temporary. The current economic growth is also leading to a recovery in the office market and rising retail sales.

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Marie Seiler

Director and Leader Real Estate Advisory, Zurich, PwC Switzerland

+41 58 792 56 69