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 210-400 265 35 6235-14675 10250 21
Basel West / St. Johann 205-345 250 32 7075-13270 9830 35
Lesser Basel / Riehen 200-350 245 34 7690-13265 10135 33
Eastern Region 180-280 225 45 5740-10985 8070 42
Southern Region 185-285 230 45 6355-12135 9095 39
Western Region 195-300 235 44 6740-13495 9905 52
The Basel residential market remains strained. The vacancy rate in the Basel agglomeration declined slightly in 2021, coming in, as in previous years, at a level of 1.2 %. In the city, 1.1 % of all apartments were vacant. Home ownership became very popular, with the result that most advertising periods shrank and purchase prices rose everywhere, with the exception of the city. At the same time, rental prices stagnated in all regions. The number of authorised new apartments reached a record high in 2021, which may lead to an easing on the rental market in the short to medium term, with further projects such as those in Volta Nord, Walkeweg, Westfeld, and Wolf. The residential initiative “Yes to real residential protection!” that was adopted in the canton of Basel-Stadt will in future require a rental cap for a large share of renovated, converted and new apartments in Basel. It remains to be seen to what extent this increased residential protection will influence investors in future.