Over the last decades, the Swiss housing market has been characterized by a strong demand, mainly due to rising population, socio-demographic changes, income growth and favorable mortgage conditions. As the housing supply of the country is considerably constrained by topographic and regulatory constraints, this has led to sizeable rent and even larger price increases well outpacing inflation. Overall, policies aiming to improve housing affordability remain scarce. Policies implemented to counter skyrocketing housing prices in the owner-occupied market depress housing demand by making credit conditions less favorable and by regulating specific segments of the market. Policies aiming to improve the affordability of the rental market mainly consist of a mild form of rent control and the supply of social housing to lower-income households. To date, energy price increases stemming from international political instability do not seem to have significantly contributed to a rise in periodic housing costs. Even though Switzerland strongly depends on energy imports, the income share that Swiss households spend on energy has remained stable because of a reduction in consumption. However, existing energy policies will not shield Swiss households from potential future energy price hikes in the international markets.