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For example, a sumptuous villa located a few metres from the village of Cologny<\/strong>, the Villa Courbe<\/strong>, which overlooks Lake Geneva, was sold for 60.5 million francs<\/strong> last September. Designed by the South African architectural firm Saota<\/strong>, this villa illustrates a market boosted by the health crisis.<\/p>\n <\/p>\n <\/p>\n In another example, Thierry Stern, CEO<\/strong> of the luxury watchmaking company Patek Philippe<\/strong>, acquired a villa of over 770 m\u00b2 in Ch\u00eane-Bougeries for 52 million francs<\/strong> lea aqu\u00ed<\/a>. Houses like Rolex<\/strong> are investing in real estate, to the tune of 363 million francs<\/strong> in 2021<\/strong>. The Rotschild bank<\/strong> has acquired several buildings in the new Etang district for 138 million francs<\/strong>.<\/p>\n <\/p>\n “The health crisis has boosted the high-end residential market both in terms of valuation and demand,”<\/em> said Maxime Dubus, Director of SPG One – Christie’s International Real Estate<\/strong>. Also according to Dubus, for properties valued between 10 and 20 million francs<\/strong>, there were 8 transactions<\/strong> in 2020<\/strong> compared to 22 transactions<\/strong> in 2021<\/strong>.<\/p>\n <\/p>\n This performance can be explained by the fact that Switzerland<\/strong> has been spared certain strict measures, unlike its neighbours, according to Valentine Barbier-Mueller, Director of SPG One<\/strong>.<\/p>\n <\/p>\n “It is a niche market, we are talking about unique properties. Who can say what a house or a castle is worth? They are worth what the buyers are prepared to pay”<\/em>, adds Valentine Barbier-Mueller<\/strong>. This real estate “madness” is not ready to stop growing.<\/p>\n <\/p>\n <\/p>\n <\/p>\n Read also >\u00a0LUXURY REAL ESTATE OFFERS IN MANHATTAN EXPLODED IN JANUARY 2022<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Adam Letch[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n Despite the Covid<\/strong> crisis, luxury real estate sales continue to climb in Geneva<\/strong> and are causing the market to soar. Indeed, according to data compiled by the RTS<\/strong> programme “TTC”<\/strong>, all luxury real estate sales have reached the record sum of 9 billion francs<\/strong>, representing an increase of 62%<\/strong> between 2019<\/strong> and 2021<\/strong>.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n![\"\"](\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2022\/02\/CH_VillaCourbe_Ext_002_018_al_HR-1024x683.jpg\")
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The luxury real estate sector in Geneva is not experiencing the effects of the Covid-19 health crisis. Since 2019, this buoyant sector has continued to grow in properties such as villas, buildings and office space.<\/h4>\n