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.