July 10, 2025|
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|5 months agoSwiss Mortgage Market Growth Slows to 2.6% in 2024
Annual growth falls below 3% long-term average as rising costs and stricter regulations impact Swiss property financing landscape.
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Generated IllustrationKey Takeaways
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- The Swiss mortgage market grew by 2.6% in 2024, totaling CHF 32 billion.
- Cantonal banks captured approximately 75% of the overall market growth in 2024.
- UBS lost nearly CHF 10 billion in mortgage volume, a decline of 3.4%.
- Pension funds increased their mortgage volume by 8%, and Raiffeisen banks grew by 4.6%.
- The abolition of imputed rental value could lead to CHF 50-150 billion in amortization over five years.
By The Numbers
2.6%
Annual Mortgage Market Growth
CHF 32 billion
Total Market Volume Increase
1.26%
Net Interest Margin
75%
Cantonal Bank Market Share of Growth
They Said
"However, this development was not driven by falling interest rates for borrowers, but by rising refinancing costs for the banks."
"substantial"
1
Market Momentum Stalls Below Historic Averages
2
Cantonal Banks Devour Market Share as UBS Retreats
3
Margins Collapse Under Weight of Refinancing Costs
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