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Swiss luxury real estate – and in particular in Geneva – is not in crisis: a villa worth 60 million Swiss francs has just been sold in the city known as the capital of peace.
In the luxury communities around Geneva, prices have risen by an average of 16% in one year. Cologny, a commune in Geneva, remains the most expensive on the Swiss luxury real estate market.
The same is true for the mountain communities, which have also increased by 10%, with Gstaad standing out as one of the most expensive communities in this segment with over 30,000 francs per square meter.
Swiss real estate: a safe haven
“Stability is the key word, not only in terms of investment but also in terms of quality of life,” explains Maxime Dubus, Director of SPG One – Christie’s International Real Estate. “The health crisis has energized the high-end residential market both in terms of valuation and demand.”
Over the past 10 years, luxury property prices have increased by more than a third on average. In some communities, values have even doubled. Given the uncertain economic environment, the luxury real estate market remains a safe bet.
A villa worth over 60 million Swiss francs
In Coligny, it is the Villa Courbe, of almost 2000 m2 on a 4400 m2 plot of land, which has made the market explode. Designed by the South African architectural firm Saota, its sale illustrates a booming prestige market: “Before, transactions costing more than 50 million francs occurred once every three years. This year, there have been four or five,” notes Jacques Emery, sales director at Naef. “This trend is not just in Switzerland, but throughout southern Europe. It’s partly related to Covid. People have money in accounts, with negative interest. They put it in stone. And the difficulty of traveling is driving them to travel by car. This has reinforced local purchasing. Added to that is that Switzerland offers security that the super-rich like.”
He adds that “the land had been bought for about 20 million in 2011, Jacques Emery estimates. The construction must have cost that much. And here, there is a turnkey effect and no doubt a “coup de coeur” that makes it all more expensive. The location as well as the quality of the materials and finishes explain the excessive price of the Villa Suisse.
Read also > COMMENT HERMÈS S’EST DISTINGUÉ PENDANT LA CRISE SANITAIRE ?
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Swiss luxury real estate – and in particular in Geneva – is not in crisis: a villa worth 60 million Swiss francs has just been sold in the city known as the capital of peace.
In the luxury communities around Geneva, prices have risen by an average of 16% in one year. Cologny, a commune in Geneva, remains the most expensive on the Swiss luxury real estate market.
The same is true for the mountain communities, which have also increased by 10%, with Gstaad standing out as one of the most expensive communities in this segment with over 30,000 francs per square meter.
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Swiss luxury real estate – and in particular in Geneva – is not in crisis: a villa worth 60 million Swiss francs has just been sold in the city known as the capital of peace.
In the luxury communities around Geneva, prices have risen by an average of 16% in one year. Cologny, a commune in Geneva, remains the most expensive on the Swiss luxury real estate market.
The same is true for the mountain communities, which have also increased by 10%, with Gstaad standing out as one of the most expensive communities in this segment with over 30,000 francs per square meter.
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