{
  "id": "macro_economics/housing/ch_new_mortgages_monthly",
  "generated_at": "2026-08-05T09:57:00.773505+00:00",
  "last_refresh": "2026-08-01",
  "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",
  "meta": {
    "indicator_name": "Switzerland New Mortgage Activity",
    "indicator_description": "Monthly Switzerland housing-finance indicator built from official SNB quarterly new mortgage counts for self-used housing, temporally disaggregated to months and indexed to 2019 = 100.",
    "title": "Switzerland New Mortgage Activity",
    "description": "Monthly Switzerland housing-finance indicator built from official SNB quarterly new mortgage counts for self-used housing, temporally disaggregated to months and indexed to 2019 = 100.",
    "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.",
    "visibility": "public",
    "updated_at": "2026-08-01T14:05:05Z",
    "last_refresh": "2026-08-01",
    "table_id": "macro_economics/housing/ch_new_mortgages_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "CH"
    ],
    "geo_included": [
      "CH"
    ],
    "page_slug": "switzerland-new-mortgage-activity",
    "page_url": "/indicators/macroeconomics/housing/switzerland-new-mortgage-activity/",
    "chart_type": "line",
    "series_type": "single",
    "frequency": "monthly",
    "units": "index 2019=100",
    "legend": false,
    "featured_topic": false,
    "featured_subtopic": false,
    "featured_rank_topic": null,
    "featured_rank_subtopic": null,
    "chart_title": "Switzerland New Mortgage Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Switzerland Furniture Market Hub",
        "url": "/market/switzerland-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "Switzerland Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/switzerland-housing-market-activity/",
        "label": "Composite"
      },
      {
        "title": "Switzerland Residential Construction Activity",
        "url": "/indicators/macroeconomics/housing/switzerland-residential-construction-activity/",
        "label": "Construction"
      },
      {
        "title": "Switzerland Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/switzerland-furniture-retail-turnover/",
        "label": "Retail"
      },
      {
        "title": "Switzerland Consumer Confidence",
        "url": "/indicators/macroeconomics/consumer-sentiment/switzerland-consumer-confidence/",
        "label": "Consumer sentiment"
      }
    ],
    "taxonomy_path": [
      "macroeconomics",
      "housing",
      "market-activity"
    ],
    "taxonomy_labels": [
      "Macroeconomics",
      "Housing",
      "Market activity"
    ],
    "taxonomy_nodes": [
      {
        "id": "macroeconomics",
        "label": "Macroeconomics",
        "has_page": true,
        "sort_order": 30
      },
      {
        "id": "housing",
        "label": "Housing",
        "has_page": true,
        "sort_order": 20
      },
      {
        "id": "market-activity",
        "label": "Market activity",
        "has_page": false,
        "sort_order": 10
      }
    ],
    "taxonomy_page_path": [
      "macroeconomics",
      "housing"
    ],
    "taxonomy_page_labels": [
      "Macroeconomics",
      "Housing"
    ],
    "taxonomy_collection": "market-activity",
    "taxonomy_collection_label": "Market activity",
    "entity": {
      "type": "country",
      "geo": [
        "CH"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "dc6533c5bb44baeecc77c2fa2d76cc2143b5efb61ee5f3ca16efbb9df62a3570",
    "trend_summary": "The Switzerland New Mortgage Activity index shows distinct phases over time, with a significant peak in June 2021 at 129.7, followed by a decline to a trough in February 2024 at 85.7. The latest level, at 95.5, is below the 2019 baseline and suggests a recovery from the recent low. Recent momentum appears mixed, with a 5.2% increase over the past year but a 5.9% decline over the last three months. Yearly averages indicate a notable rise in 2021, followed by a stabilization and slight decline in subsequent years.",
    "trend_summary_generated_at": "2026-08-05T09:57:08.555756+00:00",
    "key_findings": [
      "Switzerland New Mortgage Activity housing activity is below its 2019 baseline, so the housing-linked demand signal is still soft.",
      "Read alongside Switzerland Housing Market Activity and Switzerland Furniture Retail Market Size, soft housing activity keeps the furniture demand backdrop cautious.",
      "Recent movement is weakening, which points to softer residential momentum."
    ],
    "key_findings_source": "deterministic_related_context",
    "chart_alt_text": "Line chart for Switzerland New Mortgage Activity in index points. The series runs from 2018-01-01 to 2026-03-01; the latest value is 95.5 index points. The peak is 129.7 index points in 2021-06-01."
  },
  "data": [
    {
      "date": "2018-01-01",
      "geo": "CH",
      "value": 91.082,
      "quarterly_new_mortgage_count": 4096.521,
      "smoothed_monthly_mortgage_signal": 4096.521,
      "monthly_mortgage_utilisation_signal": 1911.667
    },
    {
      "date": "2018-02-01",
      "geo": "CH",
      "value": 86.508,
      "quarterly_new_mortgage_count": 3685.083,
      "smoothed_monthly_mortgage_signal": 3890.802,
      "monthly_mortgage_utilisation_signal": 1719.667
    },
    {
      "date": "2018-03-01",
      "geo": "CH",
      "value": 93.946,
      "quarterly_new_mortgage_count": 4894.396,
      "smoothed_monthly_mortgage_signal": 4225.333,
      "monthly_mortgage_utilisation_signal": 2284.0
    },
    {
      "date": "2018-04-01",
      "geo": "CH",
      "value": 93.706,
      "quarterly_new_mortgage_count": 4064.035,
      "smoothed_monthly_mortgage_signal": 4214.505,
      "monthly_mortgage_utilisation_signal": 2427.0
    },
    {
      "date": "2018-05-01",
      "geo": "CH",
      "value": 99.828,
      "quarterly_new_mortgage_count": 4511.129,
      "smoothed_monthly_mortgage_signal": 4489.853,
      "monthly_mortgage_utilisation_signal": 2694.0
    },
    {
      "date": "2018-06-01",
      "geo": "CH",
      "value": 95.117,
      "quarterly_new_mortgage_count": 4258.836,
      "smoothed_monthly_mortgage_signal": 4278.0,
      "monthly_mortgage_utilisation_signal": 2543.333
    },
    {
      "date": "2018-07-01",
      "geo": "CH",
      "value": 97.742,
      "quarterly_new_mortgage_count": 4418.173,
      "smoothed_monthly_mortgage_signal": 4396.046,
      "monthly_mortgage_utilisation_signal": 2737.667
    },
    {
      "date": "2018-08-01",
      "geo": "CH",
      "value": 95.733,
      "quarterly_new_mortgage_count": 4240.112,
      "smoothed_monthly_mortgage_signal": 4305.707,
      "monthly_mortgage_utilisation_signal": 2627.333
    },
    {
      "date": "2018-09-01",
      "geo": "CH",
      "value": 94.502,
      "quarterly_new_mortgage_count": 4092.714,
      "smoothed_monthly_mortgage_signal": 4250.333,
      "monthly_mortgage_utilisation_signal": 2536.0
    },
    {
      "date": "2018-10-01",
      "geo": "CH",
      "value": 89.926,
      "quarterly_new_mortgage_count": 3800.78,
      "smoothed_monthly_mortgage_signal": 4044.535,
      "monthly_mortgage_utilisation_signal": 2645.667
    },
    {
      "date": "2018-11-01",
      "geo": "CH",
      "value": 91.362,
      "quarterly_new_mortgage_count": 4433.844,
      "smoothed_monthly_mortgage_signal": 4109.113,
      "monthly_mortgage_utilisation_signal": 3086.333
    },
    {
      "date": "2018-12-01",
      "geo": "CH",
      "value": 95.48,
      "quarterly_new_mortgage_count": 4648.377,
      "smoothed_monthly_mortgage_signal": 4294.333,
      "monthly_mortgage_utilisation_signal": 3235.667
    },
    {
      "date": "2019-01-01",
      "geo": "CH",
      "value": 100.737,
      "quarterly_new_mortgage_count": 4510.015,
      "smoothed_monthly_mortgage_signal": 4530.745,
      "monthly_mortgage_utilisation_signal": 3284.0
    },
    {
      "date": "2019-02-01",
      "geo": "CH",
      "value": 94.977,
      "quarterly_new_mortgage_count": 3656.719,
      "smoothed_monthly_mortgage_signal": 4271.704,
      "monthly_mortgage_utilisation_signal": 2662.667
    },
    {
      "date": "2019-03-01",
      "geo": "CH",
      "value": 88.869,
      "quarterly_new_mortgage_count": 3824.266,
      "smoothed_monthly_mortgage_signal": 3997.0,
      "monthly_mortgage_utilisation_signal": 2784.667
    },
    {
      "date": "2019-04-01",
      "geo": "CH",
      "value": 86.574,
      "quarterly_new_mortgage_count": 4200.262,
      "smoothed_monthly_mortgage_signal": 3893.749,
      "monthly_mortgage_utilisation_signal": 2670.333
    },
    {
      "date": "2019-05-01",
      "geo": "CH",
      "value": 96.101,
      "quarterly_new_mortgage_count": 4942.163,
      "smoothed_monthly_mortgage_signal": 4322.23,
      "monthly_mortgage_utilisation_signal": 3142.0
    },
    {
      "date": "2019-06-01",
      "geo": "CH",
      "value": 99.097,
      "quarterly_new_mortgage_count": 4228.575,
      "smoothed_monthly_mortgage_signal": 4457.0,
      "monthly_mortgage_utilisation_signal": 2688.333
    },
    {
      "date": "2019-07-01",
      "geo": "CH",
      "value": 106.44,
      "quarterly_new_mortgage_count": 5190.956,
      "smoothed_monthly_mortgage_signal": 4787.231,
      "monthly_mortgage_utilisation_signal": 2872.333
    },
    {
      "date": "2019-08-01",
      "geo": "CH",
      "value": 105.091,
      "quarterly_new_mortgage_count": 4760.233,
      "smoothed_monthly_mortgage_signal": 4726.588,
      "monthly_mortgage_utilisation_signal": 2634.0
    },
    {
      "date": "2019-09-01",
      "geo": "CH",
      "value": 112.326,
      "quarterly_new_mortgage_count": 5204.811,
      "smoothed_monthly_mortgage_signal": 5052.0,
      "monthly_mortgage_utilisation_signal": 2880.0
    },
    {
      "date": "2019-10-01",
      "geo": "CH",
      "value": 106.989,
      "quarterly_new_mortgage_count": 4470.802,
      "smoothed_monthly_mortgage_signal": 4811.949,
      "monthly_mortgage_utilisation_signal": 2430.667
    },
    {
      "date": "2019-11-01",
      "geo": "CH",
      "value": 103.813,
      "quarterly_new_mortgage_count": 4331.626,
      "smoothed_monthly_mortgage_signal": 4669.08,
      "monthly_mortgage_utilisation_signal": 2355.0
    },
    {
      "date": "2019-12-01",
      "geo": "CH",
      "value": 98.986,
      "quarterly_new_mortgage_count": 4553.572,
      "smoothed_monthly_mortgage_signal": 4452.0,
      "monthly_mortgage_utilisation_signal": 2475.667
    },
    {
      "date": "2020-01-01",
      "geo": "CH",
      "value": 98.567,
      "quarterly_new_mortgage_count": 4414.24,
      "smoothed_monthly_mortgage_signal": 4433.146,
      "monthly_mortgage_utilisation_signal": 2566.0
    },
    {
      "date": "2020-02-01",
      "geo": "CH",
      "value": 94.649,
      "quarterly_new_mortgage_count": 3802.967,
      "smoothed_monthly_mortgage_signal": 4256.926,
      "monthly_mortgage_utilisation_signal": 2210.667
    },
    {
      "date": "2020-03-01",
      "geo": "CH",
      "value": 94.487,
      "quarterly_new_mortgage_count": 4531.793,
      "smoothed_monthly_mortgage_signal": 4249.667,
      "monthly_mortgage_utilisation_signal": 2634.333
    },
    {
      "date": "2020-04-01",
      "geo": "CH",
      "value": 92.065,
      "quarterly_new_mortgage_count": 4087.427,
      "smoothed_monthly_mortgage_signal": 4140.729,
      "monthly_mortgage_utilisation_signal": 2630.333
    },
    {
      "date": "2020-05-01",
      "geo": "CH",
      "value": 100.085,
      "quarterly_new_mortgage_count": 4885.125,
      "smoothed_monthly_mortgage_signal": 4501.448,
      "monthly_mortgage_utilisation_signal": 3143.667
    },
    {
      "date": "2020-06-01",
      "geo": "CH",
      "value": 96.37,
      "quarterly_new_mortgage_count": 4030.448,
      "smoothed_monthly_mortgage_signal": 4334.333,
      "monthly_mortgage_utilisation_signal": 2593.667
    },
    {
      "date": "2020-07-01",
      "geo": "CH",
      "value": 103.004,
      "quarterly_new_mortgage_count": 4982.634,
      "smoothed_monthly_mortgage_signal": 4632.736,
      "monthly_mortgage_utilisation_signal": 2546.0
    },
    {
      "date": "2020-08-01",
      "geo": "CH",
      "value": 101.61,
      "quarterly_new_mortgage_count": 4696.906,
      "smoothed_monthly_mortgage_signal": 4569.996,
      "monthly_mortgage_utilisation_signal": 2400.0
    },
    {
      "date": "2020-09-01",
      "geo": "CH",
      "value": 111.089,
      "quarterly_new_mortgage_count": 5309.46,
      "smoothed_monthly_mortgage_signal": 4996.333,
      "monthly_mortgage_utilisation_signal": 2713.0
    },
    {
      "date": "2020-10-01",
      "geo": "CH",
      "value": 114.339,
      "quarterly_new_mortgage_count": 5421.219,
      "smoothed_monthly_mortgage_signal": 5142.528,
      "monthly_mortgage_utilisation_signal": 3110.333
    },
    {
      "date": "2020-11-01",
      "geo": "CH",
      "value": 120.525,
      "quarterly_new_mortgage_count": 5531.607,
      "smoothed_monthly_mortgage_signal": 5420.762,
      "monthly_mortgage_utilisation_signal": 3173.667
    },
    {
      "date": "2020-12-01",
      "geo": "CH",
      "value": 122.813,
      "quarterly_new_mortgage_count": 5618.174,
      "smoothed_monthly_mortgage_signal": 5523.667,
      "monthly_mortgage_utilisation_signal": 3223.333
    },
    {
      "date": "2021-01-01",
      "geo": "CH",
      "value": 121.002,
      "quarterly_new_mortgage_count": 5176.819,
      "smoothed_monthly_mortgage_signal": 5442.2,
      "monthly_mortgage_utilisation_signal": 3329.333
    },
    {
      "date": "2021-02-01",
      "geo": "CH",
      "value": 115.426,
      "quarterly_new_mortgage_count": 4779.28,
      "smoothed_monthly_mortgage_signal": 5191.424,
      "monthly_mortgage_utilisation_signal": 3073.667
    },
    {
      "date": "2021-03-01",
      "geo": "CH",
      "value": 113.327,
      "quarterly_new_mortgage_count": 5334.901,
      "smoothed_monthly_mortgage_signal": 5097.0,
      "monthly_mortgage_utilisation_signal": 3431.0
    },
    {
      "date": "2021-04-01",
      "geo": "CH",
      "value": 117.625,
      "quarterly_new_mortgage_count": 5756.794,
      "smoothed_monthly_mortgage_signal": 5290.325,
      "monthly_mortgage_utilisation_signal": 3518.333
    },
    {
      "date": "2021-05-01",
      "geo": "CH",
      "value": 128.035,
      "quarterly_new_mortgage_count": 6183.85,
      "smoothed_monthly_mortgage_signal": 5758.515,
      "monthly_mortgage_utilisation_signal": 3779.333
    },
    {
      "date": "2021-06-01",
      "geo": "CH",
      "value": 129.699,
      "quarterly_new_mortgage_count": 5559.356,
      "smoothed_monthly_mortgage_signal": 5833.333,
      "monthly_mortgage_utilisation_signal": 3397.667
    },
    {
      "date": "2021-07-01",
      "geo": "CH",
      "value": 125.424,
      "quarterly_new_mortgage_count": 5179.975,
      "smoothed_monthly_mortgage_signal": 5641.06,
      "monthly_mortgage_utilisation_signal": 3157.333
    },
    {
      "date": "2021-08-01",
      "geo": "CH",
      "value": 120.521,
      "quarterly_new_mortgage_count": 5522.317,
      "smoothed_monthly_mortgage_signal": 5420.549,
      "monthly_mortgage_utilisation_signal": 3366.0
    },
    {
      "date": "2021-09-01",
      "geo": "CH",
      "value": 118.248,
      "quarterly_new_mortgage_count": 5252.709,
      "smoothed_monthly_mortgage_signal": 5318.333,
      "monthly_mortgage_utilisation_signal": 3201.667
    },
    {
      "date": "2021-10-01",
      "geo": "CH",
      "value": 123.589,
      "quarterly_new_mortgage_count": 5900.6,
      "smoothed_monthly_mortgage_signal": 5558.542,
      "monthly_mortgage_utilisation_signal": 2904.333
    },
    {
      "date": "2021-11-01",
      "geo": "CH",
      "value": 123.08,
      "quarterly_new_mortgage_count": 5453.636,
      "smoothed_monthly_mortgage_signal": 5535.648,
      "monthly_mortgage_utilisation_signal": 2684.333
    },
    {
      "date": "2021-12-01",
      "geo": "CH",
      "value": 115.75,
      "quarterly_new_mortgage_count": 4263.764,
      "smoothed_monthly_mortgage_signal": 5206.0,
      "monthly_mortgage_utilisation_signal": 2098.667
    },
    {
      "date": "2022-01-01",
      "geo": "CH",
      "value": 102.846,
      "quarterly_new_mortgage_count": 4159.482,
      "smoothed_monthly_mortgage_signal": 4625.627,
      "monthly_mortgage_utilisation_signal": 2361.667
    },
    {
      "date": "2022-02-01",
      "geo": "CH",
      "value": 92.694,
      "quarterly_new_mortgage_count": 4083.748,
      "smoothed_monthly_mortgage_signal": 4168.998,
      "monthly_mortgage_utilisation_signal": 2318.667
    },
    {
      "date": "2022-03-01",
      "geo": "CH",
      "value": 104.826,
      "quarterly_new_mortgage_count": 5900.77,
      "smoothed_monthly_mortgage_signal": 4714.667,
      "monthly_mortgage_utilisation_signal": 3350.333
    },
    {
      "date": "2022-04-01",
      "geo": "CH",
      "value": 111.143,
      "quarterly_new_mortgage_count": 5011.741,
      "smoothed_monthly_mortgage_signal": 4998.753,
      "monthly_mortgage_utilisation_signal": 3383.333
    },
    {
      "date": "2022-05-01",
      "geo": "CH",
      "value": 120.593,
      "quarterly_new_mortgage_count": 5358.859,
      "smoothed_monthly_mortgage_signal": 5423.79,
      "monthly_mortgage_utilisation_signal": 3617.667
    },
    {
      "date": "2022-06-01",
      "geo": "CH",
      "value": 112.149,
      "quarterly_new_mortgage_count": 4761.4,
      "smoothed_monthly_mortgage_signal": 5044.0,
      "monthly_mortgage_utilisation_signal": 3214.333
    },
    {
      "date": "2022-07-01",
      "geo": "CH",
      "value": 112.321,
      "quarterly_new_mortgage_count": 5034.957,
      "smoothed_monthly_mortgage_signal": 5051.739,
      "monthly_mortgage_utilisation_signal": 3522.333
    },
    {
      "date": "2022-08-01",
      "geo": "CH",
      "value": 108.204,
      "quarterly_new_mortgage_count": 4803.388,
      "smoothed_monthly_mortgage_signal": 4866.582,
      "monthly_mortgage_utilisation_signal": 3360.333
    },
    {
      "date": "2022-09-01",
      "geo": "CH",
      "value": 109.451,
      "quarterly_new_mortgage_count": 4929.655,
      "smoothed_monthly_mortgage_signal": 4922.667,
      "monthly_mortgage_utilisation_signal": 3448.667
    },
    {
      "date": "2022-10-01",
      "geo": "CH",
      "value": 103.81,
      "quarterly_new_mortgage_count": 4273.844,
      "smoothed_monthly_mortgage_signal": 4668.962,
      "monthly_mortgage_utilisation_signal": 2871.333
    },
    {
      "date": "2022-11-01",
      "geo": "CH",
      "value": 103.684,
      "quarterly_new_mortgage_count": 4786.367,
      "smoothed_monthly_mortgage_signal": 4663.289,
      "monthly_mortgage_utilisation_signal": 3215.667
    },
    {
      "date": "2022-12-01",
      "geo": "CH",
      "value": 99.831,
      "quarterly_new_mortgage_count": 4409.789,
      "smoothed_monthly_mortgage_signal": 4490.0,
      "monthly_mortgage_utilisation_signal": 2962.667
    },
    {
      "date": "2023-01-01",
      "geo": "CH",
      "value": 105.049,
      "quarterly_new_mortgage_count": 4977.909,
      "smoothed_monthly_mortgage_signal": 4724.688,
      "monthly_mortgage_utilisation_signal": 3206.333
    },
    {
      "date": "2023-02-01",
      "geo": "CH",
      "value": 99.423,
      "quarterly_new_mortgage_count": 4027.247,
      "smoothed_monthly_mortgage_signal": 4471.648,
      "monthly_mortgage_utilisation_signal": 2594.0
    },
    {
      "date": "2023-03-01",
      "geo": "CH",
      "value": 98.252,
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