Vaud: Understanding a changing real estate market

At the end of 2024, the real estate market in the canton of Vaud showed a consistent trend, although some disparities exist depending on the geographical areas. The Lake Geneva region remains the most attractive, particularly around Lausanne, where prices for owner-occupied apartments (PPE) continue to rise, sometimes reaching up to CHF 15,000 per m² in the best locations. In other areas, such as Gros-de-Vaud and Chablais, prices are significantly lower. Towns close to Lake Geneva, such as those in the Lavaux-Oron district, have property prices around 25% higher than the cantonal average. While in some areas, such as Morges, villa prices have fallen slightly (-1%). However, prices for condominiums continue to rise, albeit moderately compared to previous years.  

Vaud: Understanding a changing real estate market

Lausanne region

The Lausanne region continues to attract many buyers, thanks to its pleasant living environment and dynamic economy. The region benefits from excellent transport links, making it easy to travel to Geneva and other cities. Schools, health services and cultural activities add to the region's appeal.

The consequence? A persistent shortage of housing and a low vacancy rate (around 0.6%). This is helping to keep demand high, particularly for new homes that meet energy efficiency standards.

Fueled by strong demand and the scarcity of available properties, property prices in Lausanne's Olympic capital are rising steadily. Apartments, especially those located near the lake or in central districts, are highly sought-after. Single-family homes are also popular, especially among families. The average price for villas in the Lausanne region is CHF 9,683/m2 (+0.4%), while that for apartments is CHF 11,067/m2 (+0.1%).

As for luxury real estate, the high-end market is dynamic, attracting international investors and wealthy individuals.

 

 

 

Vaud Riviera

The real estate market in the Vaud Riviera region will remain attractive in 2024, supported by strong demand, particularly for luxury properties and those offering views of Lake Geneva and the Alps.

Prized for its quality of life and idyllic setting, the region is witnessing a significant rise in real estate prices, due in particular to sustained demand, the scarcity of available properties and the lack of new building land.

The market is characterized by low property availability, especially in the high-end segments where new and renovated residences are selling fast, often at high prices.

The Riviera retains a certain stability, thanks in part to an international clientele looking for second homes or permanent residences. However, this demand is offset by the declining supply of available housing. This situation could contribute to keeping prices high in the short term.

Lakefront apartments are particularly sought-after. Single-family homes with gardens, especially in towns like Montreux and Vevey, are very popular with families and retirees. The many renowned international private schools, shops and other cultural activities add to the region's appeal to families.

The prestige real estate market is also buoyant, with luxury villas attracting an international clientele.

 

 

 

Nyon and Morges regions

The real estate market in the Nyon and Morges regions is particularly dynamic, reflecting both global trends in the Swiss real estate market and the specific local features of these two areas, which are becoming increasingly attractive thanks to their proximity to Geneva and Lausanne, as well as the quality of life they offer. The peace and quiet of the surrounding villages, the charm of the pastoral landscapes and the intimacy of the region attract a clientele in search of discretion.

Whether they are Swiss families, entrepreneurs, expatriates or tax exiles, buyers are looking for a haven away from the hustle and bustle of the city, yet close to international schools, renowned companies and the major economic centers of the Lake Geneva region. This clientele with high purchasing power appreciates the peaceful ambience and green spaces, combined with a rich cultural and gastronomic offering, making it a sought-after place to settle for the long term.

 

 

Editor : Emmanuel Grandjean - Amélie Woitrin - Bart Mettraux - November 2024

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