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.