GENEVA RESIDENTIAL MARKET
DEVELOPMENT OF RENTS AND SALE PRICES GENEVA
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 | |
|---|---|---|---|---|---|---|
| Chêne / Thônex | 270-485 | 360 | 24 | 10 000 - 20380 | 13470 | 61 |
| Airport | 300 - 490 | 350 | 26 | 10380-16075 | 12610 | 59 |
| Geneva North-West | 290-505 | 375 | 37 | 9830-16810 | 12605 | 56 |
| Geneva Est | 305-690 | 440 | 30 | 11515-25085 | 16265 | 64 |
| Geneva South | 270-475 | 360 | 24 | 8960-16010 | 11470 | 41 |
| Meyrin / Vernier / Satigny | 255-455 | 335 | 25 | 8515-14390 | 10545 | 62 |
| Onex / Lancy / Carouge | 275 - 515 | 350 | 18 | 10025-15605 | 12335 | 36 |
| Right Bank | 305-585 | 400 | 24 | 9175-20065 | 14220 | 41 |
| Left Bank | 325-615 | 425 | 23 | 13550-24345 | 16915 | 60 |
The Geneva residential market remained tight in 2021. The vacancy rate rose in both the agglomeration and in the city by 0.1 percentage points to 0.7 %, but is still very low. Nor is there any sign of prices calming down: in the owner-occupied segment, prices climbed almost without exception across the entire region in 2021. Rental prices continued to increase as well. There is a glimmer of hope for those looking for a rental apartment. Over the past year, construction permits have been issued for about 500 rental apartments in the city of Geneva. As a result, the country’s second largest rental city may see an expansion of supply in the short term. Development projects, such as ‘Côté Parc’ in Geneva’s Petit-Saconnex district, with more than 200 rental apartments, may help to ease the residential market.