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 275 - 480 355 27 8 225 - 16 305 12 645 57
Airport 290 - 530 385 29 8 815 - 13 660 11 985 90
Geneva North-West 295 - 495 375 29 8 240 - 15 715 11 520 63
Geneva Est 310 - 650 435 31 10 740 - 24 030 15 530 96
Geneva South 275 - 500 350 28 7 895 - 16 430 11 550 57
Meyrin / Vernier / Satigny 255 - 455 340 26 7 010 - 11 960 9 945 51
Onex / Lancy / Carouge 270 - 500 350 17 8 930 - 16 400 12 085 28
Right Bank 315 - 600 415 25 7 750 - 21 510 13 595 52
Left Bank 320 - 635 430 24 11 945 - 22 025 16 160 72
As in previous years, the Geneva region is characterised by a strained residential market. The vacancy rate remained at 0.6% in both the agglomeration and the city of Geneva. Rents continued to rise or stagnate at a high level in all regions. Demand remained very high in the owner-occupied segment. As a result, prices rose sharply in both the city and the region. In line with these developments, the average advertising duration in the owner-occupied segment fell considerably over the entire market area with few exceptions. Supply is not likely to expand quickly in the Geneva residential market. With the rejection of the ‘Meyrin – Cointrin Est et Oeust’ urban development project in February 2020, voters declined to approve the construction of about 2,300 new units. Over the long term, however, the Praille-Acacias-Vernets (PAV) project of the century and other development projects by building cooperatives could make the Geneva apartment market more liquid.