RISING REAL ESTATE MARKET IN GENEVA
The prices of properties in Geneva are explained by the significant increase in demand. The region is boosted by the large number of cross-border workers, and the real estate market in Geneva is pulled up by this population.
The number of prospective buyers looking for properties in Geneva is always growing and the demand is always greater than the supply. Because of this imbalance, the prices of property in Geneva are totally disconnected from the household income while these two variables should evolve together.
Finding a real estate in Geneva or in the immediate periphery has become a very difficult mission…
Several experts in the field have besides noticed a clear distinction between the properties destined for the residents of the Canton of Geneva and the properties destined for the inhabitants of the border zone…It is also noticed that for the most expensive districts, other persons who live near the border have caused the home price increase: they are the Swiss who buy properties in France!
DURATION OF THE DAILY JOURNEY: A CRITERION THAT DETERMINES THE PRICE
The relationship between the distance ‘house – place of work’ and the price of the property is very specific to the inhabitants of the border zone. On average, between 20 km and 30 km from Geneva, the average price is 4,000€/ m2. For more than 30 km from Geneva and a travel time that exceeds 45 minutes, the average prices are between 2500€ and 3500€/m2. Indeed, the greater the distance is from Geneva, the more the prices of property decrease!
A number of other criteria also strongly affect the prices in the region of Geneva such as the view of Lake Geneva, the reputation of the town, the level of performance of the property…etc.
TAKE YOU TIME BEFORE YOU BUY AND ASK US FOR ADVICE
If you are not familiar with the field, we recommend you to take your time before you buy a property in Geneva, to visit the towns on the outskirts of Geneva and to assess the travel time properly.
The proximity of public transport that crosses the border will also increase the value of your property with the rising fuel prices and the significant investments in trains, buses and trams resulting from that rise.
Don’t hesitate to contact our team who will do his best to help you to purchase a property in Geneva or near Geneva.
LUXURY VILLAS AND BEAUTIFUL PROPERTIES FOR SALE
Located between 10 and 20 minutes away from Geneva with a living area of 260 m2 to 2000m2, DLuxe Estate is now able to offer contemporary luxury villas selected by our team and beautiful exceptional homes surrounded by magnificent parks with private access to Lake Geneva.
ATTENTION : these properties are not available in dluxe.com yet! However, you can contact us to alrealdy get more information.