Switzerland New Mortgage Activity
Last updated:
Source: Official Swiss National Bank quarterly new mortgage statistics for self-used housing, temporally disaggregated to months with official SNB mortgage-utilisation dynamics and smoothed with a 3-month moving average before rebasing to 2019 = 100.
Source description: Finance-side Swiss housing indicator built from official Swiss National Bank quarterly new mortgage counts for self-used housing. The quarterly benchmark is temporally disaggregated to months with official SNB monthly mortgage-utilisation dynamics, then smoothed with a 3-month moving average before rebasing to 2019 = 100.
Table ID: macro_economics/housing/ch_new_mortgages_monthly
Key findings:
- New mortgage activity remains below 2019 levels, indicating a soft housing demand signal.
- Recent weakening suggests fragile residential momentum, with a year-over-year change of -5.9% over three months.
- Read alongside Switzerland Housing Market Activity, the index's decline to 95.5 points to cautious demand signals.
Latest data:
| date | value |
|---|---|
| 2025-04-01 | 100.524 |
| 2025-05-01 | 106.821 |
| 2025-06-01 | 109.392 |
| 2025-07-01 | 111.721 |
| 2025-08-01 | 105.941 |
| 2025-09-01 | 106.76 |
| 2025-10-01 | 109.988 |
| 2025-11-01 | 113.406 |
| 2025-12-01 | 110.036 |
| 2026-01-01 | 100.051 |
| 2026-02-01 | 95.517 |
| 2026-03-01 | 95.473 |
Methodology: Housing Market Activity Methodology
Switzerland New Mortgage Activity is the finance-side component behind the Swiss housing market activity framework. It tracks whether owner-occupied mortgage demand in Switzerland is running above or below the 2019 baseline using an activity series built from official Swiss National Bank new mortgage statistics.
Market Context
In the Swiss furniture market, housing finance matters because home purchases, refinancing conditions, renovation timing and broader balance-sheet conditions can influence demand for kitchens, storage, sofas, mattresses and other home-related categories. This page isolates the finance side of the Swiss housing cycle rather than blending it immediately with residential construction.
The indicator is built from official Swiss National Bank quarterly new mortgage counts for self-used housing. Furnilytics distributes the quarterly benchmark to monthly frequency with official SNB mortgage-utilisation dynamics, then applies a light 3-month moving average before rebasing to 2019 = 100. This page should be read together with Switzerland Residential Construction Activity and the composite Switzerland Housing Market Activity page.
