Switzerland

Swiss Real Estate Sentiment Index 

The «KPMG Swiss Real Estate Sentiment Index» serves as an advance indicator for anticipated developments in the Swiss real estate investment market. Over 210 institutional and professional investors as well as appraisers of Swiss investment real estate took part in this representative survey. The index is used to measure the expectations of market players regarding developments over the next twelve months, on a scale from -200 to +200 index points. This year’s survey is live between 24 June 2014 and 18 August 2014. The index is compiled on an annual basis.
Main index
Price development
Availability
Index points
200 100 0 -100 -200
sign. increasing expectations mod. increasing expectations mod. falling expectations sign. falling expectations
Appraisers
Developers
Real estate investment funds
Real estate companies
Professional investors
Insurers
Pension funds
All participants
Aggregate index
-10.7 -11.1 16.8 -16.9 -22.4 -1.4 15.2 -5.3
Economic conditions
10.8 5.9 20.8 2.9 0.0 15.0 16.7 10.1
Price development
-16.1 -15.4 15.8 -21.9 -28.0 -5.6 14.8 -9.1
Central locations
58.1 21.4 52.6 25.0 34.8 61.1 59.3 45.1
Medium sized towns
-12.9 0.0 21.1 -18.8 -26.1 16.7 3.7 -4.9
Peripheral locations
-90.3 -57.1 -52.6 -65.6 -69.6 -55.6 -63.0 -67.1
Residential
35.5 21.4 58.8 34.4 28.0 77.8 59.3 43.9
Office
-103.2 -100.0 -100.0 -106.3 -104.0 -88.9 -103.7 -101.8
Retail
-51.6 -76.9 -55.6 -40.0 -66.7 -61.1 -72.0 -58.5
Commercial/Industrial
-45.2 -50.0 -55.6 -41.9 -50.0 -80.0 -63.0 -53.2
Special Purpose Property
6.9 30.0 -31.3 -14.3 -29.2 -18.2 -5.3 -10.2
Basel
20.7 36.4 26.3 3.7 12.0 -12.5 16.0 13.8
Berne
-17.2 40.0 10.5 -25.9 -28.0 -23.5 0.0 -11.2
Geneva
3.6 0.0 0.0 -11.1 -44.0 -38.9 -41.7 -19.9
Lausanne
21.4 -10.0 21.1 -3.7 -28.0 5.6 4.2 2.0
Lugano
-16.0 -18.2 5.9 -60.0 -40.9 -40.0 -45.0 -32.6
Lucerne/Zug
10.0 15.4 50.0 0 20.0 47.1 26.1 21.4
St. Gallen
-20.0 -16.7 5.6 -42.3 -16.0 -29.4 -12.5 -19.7
Zurich
63.2 60.0 6.7 34.8 12.5 64.7 35.3 41.0
Zurich Region
31.0 30.8 50.0 10.0 12.5 47.1 43.5 29.9
Central Switzerland
-6.7 -7.7 38.9 0.0 17.4 52.9 25.0 14.9
Northwest Switzerland
-6.9 0.0 11.1 -25.9 -4.2 -23.5 13.0 -6.0
Espace Midland
-41.4 -18.2 -33.3 -44.4 -66.7 -44.4 -12.0 -38.8
Lake Geneva
0.0 20.0 5.6 -7.1 -45.8 -33.3 -17.4 -13.3
South Switzerland
-7.7 -20.0 13.3 -65.4 -36.4 -40.0 -38.1 -30.4
East Switzerland
-16.7 -25.0 17.6 -24.1 -43.5 -29.4 -17.4 -20.5
Residential
-136.7 -115.4 -105.9 -132.3 -116.7 -111.1 -148.1 -126.9
Office
36.7 76.9 33.3 19.4 25.0 22.2 28.0 31.4
Retail
-20.0 30.8 5.6 -20.7 -8.7 -11.8 -4.3 -7.8
Commercial
10.3 50.0 5.9 3.4 13.0 18.2 21.7 14.6
Special Purpose Property
-52.0 -36.4 -35.7 -15.4 -8.7 -42.9 -17.6 -27.6

Real Estate

Teaser Image
Property holdings for companies and investors, particularly from abroad, are becoming increasingly important.