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Prices for building land in the Canton of Zurich fall

In the case of the land prices in the Canton of Zurich could be approaching a reversal of the trend: The prices for vacant residential land have decreased significantly in the past year. A plot of land cost an average of 700 Swiss francs per square meter. The 100 Swiss francs less than in the previous year.

Also areas where demolition of the building were a new building space, were in the year 2018, much cheaper than in the previous years, such as from a communication of the Canton of Wednesday.

real estate prices continue to rise

Whether this is actually a reversal of the trend is ushered in, it will show in the coming years. According to Canton, it could be a random fluctuation.

the number of sold properties is down: last year, less than 300 undeveloped plots of land were sold. Up to the year 2010, nearly 1300 plots of land changed the owner.

the prices for residential real estate slowdown had no effect: This know only one direction - upwards. Since 2008, prices for apartments and single-family homes have risen by 50 percent. 2018 is a single-family house cost on average CHF 1.8 million, a condo 930'000 Swiss francs. (lop/sda)

Created: 15.05.2019, 12:47 PM

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