en flag
en flag

Property market: UBS sees bubble risk as still moderate

UBS Swiss Real Estate Bubble Index at 0.72 points in Q2 2026 (6.8.2026): moderate risk, owner-occupied home prices up 3.6% year on year.

NEWS

Dr Pier Paolo Gori

10/18/20261 min read

Updated October 2026 · by Dr Pier Paolo Gori

According to the UBS Swiss Real Estate Bubble Index published by UBS on 6 August 2026, bubble risk in the Swiss owner-occupied housing market remains moderate: the index rose to 0.72 points in the second quarter of 2026, from 0.62. This is a bank's estimate, not an official statistic.

Key figures

  • Index scale: 0 to 1 moderate risk, 1 to 2 risk, above 2 bubble.

  • Owner-occupied home prices: up 3.6% year on year.

  • Rents: asking rents up 2.4%, existing rents up 1.1%.

  • UBS forecast for 2026: nominal price growth of 3.5% to 4.0%.

Why it matters

For buyers and sellers in Ticino, the national figure is context: local prices depend on the area and the type of property. Public data for Ticino are collected in our guide.

More: “How much do homes cost in Ticino?”.

Sources: UBS, 6.8.2026 – Real estate market price trends 2026