BASEL RESIDENTIAL MARKET
DEVELOPMENT OF RENTS AND SALE PRICES
RENTS AND SALES PRICES BY MARKET AREA
|advertising period in days||purchase price
|advertising period in days|
|Basel City Centre||215-410||270||33||6290-14810||10300||48|
|Basel West / St. Johann||210-430||260||30||5980-13970||10260||47|
|Lesser Basel / Riehen||205-360||260||35||6510-13340||10000||45|
However, in future years, the situation in this region is likely to ease at least temporarily: in Aesch, for example, 230 new homes are to be built by 2024 as part of the ‘Vivo’ project.
But the City of Basel has a huge shortage of new-build homes, and this is unlikely to change in the medium term: the number of residential buildings with planning permission fell sharply in 2022
compared with previous years.
Both rental and purchase prices rose throughout Greater Basel in 2022, but properties took longer to sell. The new, more stringent Housing Protection Act that came into force in May 2022 is likely to counteract this upward trend, at least in terms of rental prices.