|  Ramzi Chamat

Taux Saron 2024 / 2025 : Promising outlook for real estate buyers in Switzerland.

The Swiss economy, known for its stability and financial prudence, is closely monitored by both national and international investors. At the heart of this focus are interest rates and monetary policy, which play a central role in the country's economic dynamics. In this context, interest rate forecasts for the years 2023, 2024, and 2025 are of particular importance. These figures, based on in-depth analyses and data from reliable sources such as Bloomberg and UBS Switzerland AG, provide a crucial insight into the direction the Swiss economy may take in the near future.




The evolution of interest rates and monetary policy in Switzerland is a matter of great importance for both national and international economic actors. Interest rates influence financing costs, investment decisions, and the overall health of the economy. To anticipate these developments, it is essential to examine the rate forecasts for the coming years. In this article, we will closely examine the interest rate forecast figures for 2023, 2024, and 2025, highlighting their potential implications for the Swiss economy and the opportunities they present for investors and financial market players.



I. Interest Rate Forecast for 2023, 2024, and 2025


These figures represent the interest rate forecasts for the years 2023, 2024, and 2025, including the Saron rate (Swiss Average Rate Overnight) and swap rates at various maturities (3 years, 5 years, and 10 years). Here is an analysis of these figures:



1. 24.11.23 | Saron = 1.71 | 3-year Swap = 1.37 | 5-year Swap = 1.34 | 10-year Swap = 1.44


2. 31.12.23 | Saron = 1.71 | 3-year Swap = 1.31 | 5-year Swap = 1.30 | 10-year Swap = 1.31


3. 30.06.24 | Saron = 1.75 | 3-year Swap = 0.90 | 5-year Swap = 1.05 | 10-year Swap = 1.29


4. 31.12.24 | Saron = 1.25 | 3-year Swap = 0.87 | 5-year Swap = 1.00 | 10-year Swap = 1.27


5. 30.06.25 | Saron = 1.24 | 3-year Swap = 0.96 | 5-year Swap = 1.08 | 10-year Swap = 1.33



End of 2023 - Early 2024


  • The Saron rate remains stable at 1.71% at the end of 2023 and the beginning of 2024, indicating some stability in short-term rates.


  • The 3-year swap rates show a slight decrease, moving from 1.37% to 1.31% at the end of 2023, which could reflect an anticipation of slightly more favorable monetary conditions in the medium term.


  • The 5-year and 10-year swap rates remain relatively stable, with slight decreases, indicating an anticipation of medium-term stability.



Mid-2024 - End of 2024


  • The Saron rate increases significantly, moving from 1.71% to 1.75%. This increase could reflect growing concerns related to inflation or other economic factors.


  • The 3-year and 5-year swap rates decrease significantly, moving from 0.90% to 0.87% and from 1.05% to 1.00%, respectively. This decrease indicates an anticipation of more favorable financing conditions in the short and medium term.


  • The 10-year swap rates remain relatively stable, showing an anticipation of long-term stability despite short-term fluctuations.




Mid-2024 - End of 2025


  • The Saron rate continues to decrease, moving from 1.75% to 1.24%. This significant decrease suggests an anticipation of accommodating monetary policies in the medium term.


  • The 3-year and 5-year swap rates increase slightly, indicating some volatility in the short and medium term but remain relatively low.


  • The 10-year swap rates increase slightly but also remain at relatively low levels, indicating an anticipation of long-term stability.


In summary, these forecasts suggest a period of stability in short and medium-term rates, with slightly lower short-term rates on the horizon for 2025. However, long-term rates remain relatively stable despite short-term fluctuations. It is important to note that these forecasts are subject to upward and downward variations and can be influenced by various economic and monetary factors. Borrowers and investors will need to closely monitor these trends to make informed decisions.


Sources: Bloomberg, UBS Switzerland AG 

Please note that the indicated interest rate is a forecast, which may vary upwards or downwards.

Lower interest rates by 2024 ?

Lower interest rates by 2024 ?

Swiss real estate market analysis in Q3 2023.

Swiss real estate market analysis in Q3 2023.