BASEL RESIDENTIAL MARKET
DEVELOPMENT OF RENTS AND SALE PRICES
RENTS AND SALES PRICES BY MARKET AREA
| Net rent CHF/m² p.a. |
Median CHF/m² p.a. |
advertising period in days | purchase price CHF/m² |
Median CHF/m² |
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 |
| Eastern Region | 185-295 | 230 | 40 | 5730-10660 | 7790 | 64 |
| Southern Region | 195-290 | 235 | 47 | 5710-12100 | 8870 | 59 |
| Western Region | 200-325 | 240 | 46 | 6790-13410 | 9840 | 56 |
In Greater Basel, the vacancy rate fell slightly to 1.1 % in 2022. However, it still has the highest vacancy rate among the five economic regions. The southern region, in particular, where a lot of residential property has recently been absorbed, contributed to the shortage of rental homes.
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.
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.