← Back to Blog

Corona influence on real estate market - within one month, rental offers decreased by 12.4%!

  • Data Insights
Published by Frank Butz a month and 2 weeks ago
immobilien_corona.jpg

Just one month after the first corona patient in Switzerland became known, PriceHubble examined whether the first signs of changes in the real estate market in Switzerland could be seen.

To this end, PriceHubble analysed almost all Swiss online real estate offers and compared the results with the previous year. Changes in the number of rental and sales advertisements were examined on the basis of three scenarios:

Scenario 1 (since relevance of the topic increasing in CH): 11.02. - 25.03.

Scenario 2 (since patient no. 1 in CH): 25.02. - 25.03.

Scenario 3 (since lockdown in CH): 16.03. - 25.03.

The results in brief:

The declining number of rental advertisements (-12.4%) and sales advertisements (-4.1%) during the worsening of the crisis in Switzerland (here considered: 25.2. - 25.3.2020) is a clear signal that can be attributed to the current circumstances or the corona effect. A comparison with 2019 clearly shows that the current development is exceptional.

The signals allow conclusions to be drawn about the current marketing situation and future developments:

The marketing of properties is becoming increasingly difficult, e.g. house visits are currently difficult to conduct. Virtual viewings or price estimates with digital solutions such as those from PriceHubble are becoming more important, as these can also be carried out remotely. The consequence of less rental supply, i.e. a shortage, makes it more difficult to find accommodation for those who gave notice at the beginning of the year or planned to move for professional reasons. In addition, the willingness to rein in rents will presumably decline, and thus possibly also demand, but those who had already given notice before the crisis are under pressure to move. Less rental supply can also lead to a price increase. Private investors and institutional investors are especially dependent on cash flow now and are therefore cautious about upward price adjustments.

The complete analysis and interpretations can be found here (German only).

Further analyses planned

We also observe advertising duration and price signals. We do not (yet) see any significant changes or consider the observation periods to be too short. However, we assume that the crisis will also have an impact on prices, in what form is still open.

Are you interested in current analyses of the impact of the Corona crisis? Please contact us!


Other blog entries
MP_Studie
One month of lockdown: the Swiss real estate market is polarizing

Although more than half of the tenants still want to buy residential property at present, this figure was more than two thirds higher before the start of the Corona crisis. Of Swiss people who want to buy, 30 percent are influenced by the corona crisis in their purchasing intentions. This is the result of two representative surveys conducted by Moneypark and PriceHubble.

  • Data Insights
Read more →
European Commission
PriceHubble made it to the Top 50 EU Proptechs

PriceHubble is proud to be part of the Top 50 EU Proptech startups and scaleups.

  • Company News
Read more →
immobilien_corona.jpg
Corona influence on real estate market - within one month, rental offers decreased by 12.4%!

Just one month after the first corona patient in Switzerland became known, PriceHubble examined whether the first signs of changes in the real estate market in Switzerland could be seen.

  • Data Insights
Read more →
Thank you for your inquiry. We will contact you shortly.
Something went wrong. Please try again in a while.