2026-04-28 - Swiss Financial Accounts

The SNB is today publishing Swiss financial accounts data for Q4 2025. Data on household wealth is thus now available for the whole of 2025.

Financial assets of households increased in 2025

Household financial assets increased by CHF 119 billion to CHF 3,278 billion (up 3.8%) in 2025. This rise was mainly due to transactions. Households increased their occupational pension entitlements, invested in collective investment schemes and added to their deposits. Within deposits, there was a shift from time deposits to sight deposits as a result of lower interest rates. Furthermore, households benefited in 2025 overall from capital gains due to higher stock market prices.

Total for all financial instruments; change in stocks

Real estate wealth and net worth of households continued to rise

Alongside financial assets, real estate wealth plays an important role in household wealth. At the end of 2025, the market value of real estate owned by households was CHF 2,924 billion, almost half of total household wealth. Real estate wealth increased by CHF 140 billion year on year in 2025 (up 5.0%). As in previous years, this increase was due to rising real estate prices.

Household liabilities increased by CHF 33 billion to CHF 1,070 billion (up 3.2%) over the course of 2025. At CHF 983 billion, mortgages made up by far the largest share; they again rose steadily over the course of the year (up CHF 29 billion or 3.1%).

Net worth (financial assets plus real estate wealth minus liabilities) increased by a total of CHF 226 billion to CHF 5,132 billion (up 4.6%) in 2025. The rise in household financial assets and real estate wealth was significantly stronger than that in household liabilities.

The net worth of households has more than doubled over the last 25 years. This rise was principally due to real estate wealth, which grew more strongly than the corresponding mortgage liabilities during this period.