Real estate in Geneva: trends for 2021

At its summer press conference in July, Banque Cantonale de Genève confirmed that the economic effects of the 2020 crisis are fading with the strong recovery in world trade. Geneva, whose economy is oriented towards the dollar zone, in particular through commodities trading, rather than the euro zone, benefits fully from this dynamic. In parallel to this economic catch-up in 2021, the demand for housing exploded in Geneva during the semi-confinement periods.

An irrepressible desire to become a homeowner has occupied many Genevans over the past few months in their search for the property of their dreams. Thus, despite the fact that construction was halted for several months, the threshold of 2,000 new homes built was exceeded for the sixth consecutive year in Geneva. The number of building permits issued last year also jumped. The Capvest Group’s development and marketing teams are noticing significant changes in demand and the type of properties being sought. The desire for more generous and comfortable surfaces with space for telecommuting has fueled the demand for single-family homes and large condominiums with beautiful terraces.

If they don’t spend their money on leisure activities, Genevans invest in their homes! Stone remains an unparalleled safe haven in times of uncertainty. The high demand for housing is also correlated with a very low vacancy rate (0.49%), the lowest in the country (Swiss average: 1.72%). The financing conditions, in particular the low interest rates, make it possible to offer attractive investment conditions.

Capvest real estate developments in Geneva: quality constructions and rapid marketing

This trend has been particularly true for our program in
Parc des Crêts
(Troinex) with very dynamic sales supported by the quality of a unique program which offers villas and very beautiful apartments with generous surfaces within a park of more than 8 hectares. In the high-end segment, our Le
Ehden Wood
program at Chemin de la Blonde in Vandoeuvres, with its three beautiful modern villas, sold out quickly in the middle of the summer.