As Le Temps points out in its article of October 27th, the residential real estate market remains resilient despite monetary tightening.

Prices continued to rise in the second quarter of 2023, by 3.4% year-on-year for owner-occupied apartments and 1.2% for detached houses, according to the latest Immo-Monitoring report published by consultancy firm Wüest Partner.

According to this study, the shortage of housing offsets the effect of rising interest rates. That’s why we’re not seeing a marked correction in prices. In concrete terms, demand remains higher than the very limited supply. Despite high demand, housing construction is not taking off, and no reversal of this trend is in sight.

By 2024, prices for owner-occupied apartments are expected to rise by 1.2% in nominal terms, and Wüest Partner anticipates stable to positive price trends over the medium to long term. With both the rental and PPE sectors suffering from shortages, rents are set to continue rising, with an expected increase of 3.8% in 2024.

Given the scarcity of new PPE projects and the low number of building permits in force, take advantage of the last available lots in our projects under construction with open building sites, both in the Canton of Geneva and in the Canton of Vaud.

“Les Vignes d’Ehden” in Anières (GE)– THPE project

“Les Rives d’Ehden” in La Tour-de-Peilz (VD)– Minergie project

Retail Advisors Geneva
info@retailadvisors.ch
+41 22 344 88 00