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Market Report Switzerland 2014

since 1977

The prime address for prime addresses – Die beste Adresse für beste Adressen globally and locally! - weltweit und vor Ort! Success can always be traced backSeit to small ̈ lkers have been Jeder Erfolg hat seinen Anfang. 1977beginnings. vermittelt Engel Engel&&Vo Völkers exklusimarketing exclusive properties since 1977. With a network of more than 500 property ve Immobilien. Mit einem Netzwerk von knapp 500 Immobilienshops weltshops throughout the world, your property concerns will be in the very best of hands with weit, ist Ihr Immobilienanliegen bei Ihrem lokalen Engel & Völkers Partner your local Engel & Völkers partner. If you are looking to sell a property, we offer bestens aufgehoben. bieten Ihnen alsmarket Verkäufer eine umfassende Beratung: comprehensive advice:Wir starting with a solid price valuation of your property, we von der fundierten Marktpreiseinschätzung Ihrer Immobilie, einem massgetailor our marketing concept to your individual requirements, negotiate with potential schneiderten Marketingkonzept und appointments. Verhandlungen mit Kaufinteressenten bis buyers, and accompany you to notary Benefit from our long-standing experience! hin zur Begleitung zum Notartermin. Profitieren auch Sie von unserer langjährigen Erfahrung.

Engel & Völkers Wohnen Schweiz AG · Phone +41-41-500 06 06 Engel & Völkers Wohnen Schweiz · Telefon +41-41-500 06 06 switzerland@engelvoelkers.com · www.engelvoelkers.ch schweiz@engelvoelkers.com · www.engelvoelkers.ch

Dear reader,

We are delighted to present the new issue of the 2014 Engel & Völkers residential property market report for Switzerland. As a national business, represented in 44 locations throughout Switzerland by some 200 professional estate agents, the following pages contain a compilation of our assessments of the market with regard to the development of property prices in 2014. For more than 35 years, Engel & Völkers have been marketing quality residential properties around the world, and have been represented locally in Switzerland for our customers for the last 10 years. Thanks to our local branches throughout Switzerland, we are able to provide first-hand empirical data and outlooks. Supply and demand are always reflected in the pricing process, so this can therefore also be affected by the actual number and value of transactions concluded – in other words, the actual number and value of properties sold or let. The content of this market report is based on the experience of our licence partners and estate agents in the various regions, and the actual market prices achieved. We are able to fall back on this very expertise in our daily work for clients in all regions of Switzerland. With approximately 1’500 property listings throughout Switzerland and transactions with a volume of over CHF 1 billion p.a., we are in a position to offer you a realistic and attainable market price analysis.

The subdivision of Switzerland into regions is designed to offer you a clear overview as well as a brief portrait of each area. Besides revealing the most popular locations and a brief market history, the attached table of prices will show you quickly and clearly how prices are currently developing. An arrow marks the forecast for the further development of the region. This forecast may also be given in more detail in the section titled “Outlook”. The Engel & Völkers Group stands out as a strong international partner working for you on a local level, who knows the market at your doorstep. With more than 500 property shops in 38 countries on all five continents around the world, you will always find in Engel & Völkers a competent and professional partner to deal with all your property concerns. We would be delighted to welcome you in one of our 44 property shops in Switzerland, or please feel free to contact us. We will be most happy to answer any questions you may have regarding the value of your property, or discuss ways to market your property. If you are looking to purchase a residential home or a holiday home in Switzerland, do come to us first.

With kind regards your Engel & Völkers Team Switzerland

Content

The Central Switzerland region

5-9

The Eastern Switzerland region

10-14

The Southeastern Switzerland region

15-18

The Southern Switzerland region

19-20

The Northwestern Switzerland region

21-24

The Lake Geneva & Western Switzerland region

25-26

The Bern region

27-31

The Zurich region

32-37

Locations in Switzerland & Liechtenstein

40-41

S chaf f haus en K re u z lin g e n Rheinfelden

F ra u e n f e ld

B asel L ie s t a l

W e in f e ld e n

B aden

Bülach

Dietik o n Z ü ric h

K üs nacht T h a lw il

Solo t h u r n G re n c h e n

R ors chach

W in t e r t h u r S t . G a lle n

W a llis e lle n

A a ra u

R üti

R a p p e r s w il F re ie n b a c h

Z ug

V aduz L ie c h t e n s t e in / R h e in t a l

Biel Einsiedeln L uzern

Bern M urten

Chur S cuol F lim s

D avos

T hun Interlak e n

Gs taad

S t . M o rit z

Montreux

Principality of Liechtenstein

G enève A s cona

L u ga n o

38-39

The Central Switzerland region Engel & Völkers Einsiedeln Seeperlen Immobilien AG Hauptstrasse 28 8840 Einsiedeln Phone: +41-55-412 71 56 ZuerichseeFreienbach@engelvoelkers.com Engel & Völkers Freienbach Seeperlen Immobilien AG Seestrasse 67 8806 Bäch SZ Phone: +41-43-888 11 11 ZuerichseeFreienbach@engelvoelkers.com Engel & Völkers Lucerne Stone Property AG Rathausquai 10 6004 Lucerne Phone: +41-41-410 66 91 Luzern@engelvoelkers.com Engel & Völkers Zug EV Residential AG Neugasse 15 6301 Zug Phone: +41-41-728 77 11 Zug@engelvoelkers.com

The region and its special characteristics Switzerland was founded in 1291 by an alliance between the rural communes of Uri, Schwyz and Unterwalden on the Rütli meadow. Today, embedded in a fantastic landscape and surrounded by mountain ranges, the resultant region of Central Switzerland embraces the cantons of Lucerne, Uri, Schwyz, Zug, Obwalden and Nidwalden. The population is forecast to increase in all cantons. Many renowned companies have relocated and settled here thanks to Switzerland’s lowest corporation tax levels and the central location of the region. Not only is the city of Lucerne a flagship for tourists in Switzerland with its worldfamous wooden bridge, the oldest one in Europe, but it is also home to the lion monument, another famous example of Swiss culture. Central Switzerland boasts 765,879 1 inhabitants, around 10% of the total population of Switzerland. Half of these live in the canton of Lucerne. From the heart of Switzerland, Zurich airport can be reached comfortably within an hour by car, along the newly constructed A4 motorway. Those preferring to use private transport benefit from a good network of roads with excellent connections. The mountains around Lake Lucerne are highly accessible thanks to the world’s densest network of cable cars. The rotating cable car up Mount Titlis and the world’s steepest rack railway up Mount Pilatus are just two of many tourist attractions in the Central Switzerland region. From classic city centres to dream landscapes to cultural diversity – Central Switzerland has something for everyone, tempting tourists to stay longer.

Swiss Federal Statistical Office, 31.12.2013

Zug

Canton of Schwyz

The location

Covering some 239 square kilometres, Zug is Switzerland’s smallest canton. Nonetheless, it has much to offer: two idyllic lakes, gently undulating hills and the fantastic slopes of Zugerberg mountain. The Engel & Völkers branch in Zug also covers the Küssnacht am Rigi district (SZ) by Lake Lucerne as well as Kappel and Hausen, two municipalities in the canton of Zurich. Today, Zug is a sought-after residential location, an attractive place to live and an area which is flourishing economically.

In the canton of Schwyz, two districts on the left bank of Lake Zurich, March und Höfe, offer excellent locations with breathtaking views over the lake, an attractive fiscal environment and first-rate transport links to Zurich. Einsiedeln, Schwyz, Gersau and Brunnen are further traditional and classic districts offering a high standard of living in the canton of Schwyz. The region boasts stunning residential locations between lakes and mountains in the heart of Switzerland.

The most desirable locations

■

Zug, Risch and Buonas: all are located directly by the lake in fantastic locations Cham and Hünenberg, by Lake Zug: both up-andcoming, and popular with families

■

Wollerau: prime housing quality, lake views and unbeatable fiscal environment Brunnen: the Riviera of Lake Lucerne, attractive holiday homes for foreign buyers

Market development

The steady and ongoing demand is reflected in property prices here, which have risen moderately across the board. Prices have risen by up to 7% per year for the past ten years. Zug is hence on a par with Zurich and the Gold Coast. Apartments in the neighbouring Schwyz and Zurich districts are less expensive.

Thanks to the attractive location and interesting fiscal environment in the canton of Schwyz, the demand for upscale residential properties has been higher than the supply for several years. This has led to a lively burst of new building activity, which has, however, been well absorbed to date.

Outlook

Continued, moderate growth is to be expected. Zug benefits hereby from its central location with good transport connection to Zurich, and from low taxes.

We have observed an increase in the number of properties offered for sale on the market, which has eased the pressure on the price front and should lead to stable but high prices.

Price table Villa/Single-family house in CHF

Location

Zug

Canton of Schwyz

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

3.8 – 15.0 Mio

14‘000 – 28‘000

2‘400 – 4‘500

Good

2.6 – 3.9 Mio

10‘000 – 14‘500

1‘400 – 2‘500

Ordinary

1.8 – 2.7 Mio

8‘500 – 10‘500

1‘200 – 1‘500

Prime

2.5 – 15.0 Mio

7‘500 – 15‘000

2‘000 – 4‘500

Good

1.8 – 3.9 Mio

5‘500 – 10‘000

1‘500 – 3‘000

Ordinary

1.2 – 2.5 Mio

3‘000 – 7‘000

600 – 2‘500

Trend

Lucerne City

Lucerne Land

The location

The city of Lucerne boasts a fantastic location, bedded as it is between Lake Lucerne and the picturesque pre-alpine landscape of Central Switzerland. It offers more than 77,000 inhabitants an attractive home and a high standard of living. In the annual ranking conducted by the Swiss business magazine “Bilanz”, Lucerne repeatedly stars as one of Switzerland’s ten most attractive cities.

Its central location, good fiscal framework and good infrastructure – in the heart of Switzerland, yet connected to the major north-south link (Hamburg-Basel-Chiasso-Milan) – are just a few of the noteworthy advantages of Lucerne Land. The most sought-after municipalities, which include Eich, Sursee and Schenkon, are home to some of the most coveted properties, boasting lake views or even direct lake access.

The most desirable locations

■ ■

Wesemlin /Dreilinden districts Bellerive /Salzfass districts

■

Eich and Schenkon, small, well-functioning, extremely fiscally advantageous municipalities directly by the lake Hochdorf am Baldeggersee, a metropolis and economic hub of the lake valley area

Market development

Residential areas which remain consistently popular with prospective buyers are Meggen, Kastanienbaum, St. Niklausen and some districts in the city of Lucerne. Here, the demand for residential properties is high in comparison to the relatively low supply.

Lucerne Land is currently experiencing a boom. Particularly the Sursee area, with its good transport links, is more popular than ever before. Due to the limited number of properties for sale in this area, the neighbouring districts are particularly sought-after.

Outlook

In the two aforementioned residential areas, prices are forecast to remain on the same level for the near future. Prices are likely to decrease slightly in medial locations.

This trend is forecast to continue in 2014. One can conclude that, in view of the contrast between high demand and low supply, prices in prime districts will continue to rise.

Price table Villa/Single-family house in CHF

Location

Lucerne City

Lucerne Land

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

3.0 – 7.0 Mio

10‘000 – 13‘000

2‘000 – 2‘500

Good

2.0 – 3.0 Mio

8‘000 – 10‘000

1‘500 – 2‘000

Ordinary

1.5 – 2.0 Mio

4‘000 – 8‘000

1‘000 – 1‘000

Prime

2.0 – 3.0 Mio

7‘300 – 8‘500

700 – 1‘000

Good

1.3 – 2.0 Mio

6‘700 – 7‘300

500 – 700

800‘000 – 1.3 Mio

4‘500 – 6‘700

300 – 500

Ordinary

Trend

Obwalden

Nidwalden

The location

Obwalden is the geographic centre of Switzerland. Engelberg-Titlis, Melchsee-Frutt and Flüeli-Ranft are highly popular as destinations for tourists or day-trippers in summer and winter alike, adding to the attraction of the area. The region has excellent potential for growth and is highly dynamic. The fiscal policy here is also very attractive.

A jewel by Lake Lucerne in the heart of Switzerland. To the north, Nidwalden is bordered by Lake Lucerne; in all other directions, it is surrounded by mountain ranges. The region boasts an attractive location and good transport links, and is home to a population of roughly 40,000.

The most desirable locations

■ ■

Engelberg: a popular destination for winter sport Sarnen: located at the north end of Lake Sarnen

■

Hergiswil: Hergiswil lies at the foot of Mount Pilatus by Lake Lucerne Ennetbürgen: On the south slope of Mount Bürgenstock

Market development

Demand is focused around Lake Sarnen; prices here, however, are still moderate. As a skiing area, Engelberg is an exception. Quality living space can by all means command higher prices here.

Nidwalden remains economically interesting. The circumspect fiscal policy here is advantageous, leading to a steady demand for residential properties.

Outlook

Prices are likely to remain stable in attractive locations in this region in the future.

Particularly in popular residential areas, such as Hergiswil and Ennetbürgen, demand is forecast to remain on a steady and high level. In less sought-after locations, particularly in the middle price segment, prices are likely to drop.

Price table Villa/Single-family house in CHF

Location

Obwalden

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.5 – 2.5 Mio

7‘000 – 10‘000

1‘000 – 1‘300

Good

1.0 – 1.5 Mio

6‘000 – 7‘000

700 – 1‘000

800‘000 – 1.0 Mio

4‘000 – 6‘000

400 – 700

Prime

2.0 – 4.0 Mio

8‘000 – 11‘000

1‘700 – 2‘300

Good

1.5 – 2.0 Mio

7‘000 – 8‘000

1‘400 – 1‘700

Ordinary

1.0 – 1.5 Mio

4‘000 – 7‘000

1‘000 – 1‘400

Ordinary

Nidwalden

Trend

Uri The location Everyone is talking about the canton of Uri at the moment. The largest luxury resort in the Swiss alps is currently being developed here. The region will flourish with its ensuing international reputation and high level of desirability. Uri does, of course, boast a very central location with good transport links, and a highly attractive and unique landscape. The most desirable locations ■ ■

Altdorf Andermatt

Market development The “Andermatt Swiss Alps” project, with some 4,000 beds and all the comforts one would expect of a luxury resort, will propel tourism into a new era in the region. First and foremost, the skiing areas here will be redeveloped in the future. Nonetheless, property prices in the canton are still moderate and hence have enormous potential for growth. Outlook As a new tourist attraction for Switzerland, property prices are forecast to rise in the long-term.

Price table Villa/Single-family house in CHF

Location

Uri

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.0 – 1.8 Mio

6‘000 – 7‘000

700 – 1‘200

Good

800‘000 – 1.0 Mio

4‘000 – 6‘000

500 – 700

Ordinary

400‘000 – 800‘000

2‘500 – 4‘000

350 – 500

Trend

The Eastern Switzerland region Engel & Völkers Frauenfeld Grund Genug Immobilien AG Freiestrasse 17 8500 Frauenfeld Phone: +41-52-723 30 40 Frauenfeld@engelvoelkers.com Engel & Völkers Kreuzlingen Exclusive Real Estate AG Hauptstrasse 64 8280 Kreuzlingen Phone: +41-71-677 18 18 Kreuzlingen@engelvoelkers.com Engel & Völkers Rheintal Heinz Senn Immobilien Herrengasse 7 LI-9490 Vaduz Phone: +423-231 30 03 Vaduz@engelvoelkers.com

The region and its special characteristics Eastern Switzerland lies bedded between mountain ranges and Lake Constance. The region includes the cantons of Schaffhausen, Thurgau, St. Gallen, Appenzell Ausserrhoden and Innerrhoden as well as Glarus. Säntis attract tourists and visitors in winter and summer alike, providing many opportunities for excursions and entertainment. Overall, the Eastern Switzerland region is alpine and diverse. The Rhine Falls, landmark of the canton of Schaffhausen, is the largest waterfall in Europe. The charm of Eastern Switzerland, with its many hiking trails leading through orchards and plantations and past the alpstein massif, offers pure enjoyment and relaxation to all visitors. Culture also plays an important role in Eastern Switzerland. From museums to theatres, the region has plenty to offer. The university in the city of St. Gallen enjoys particular renown. More than 7,000 students are currently enrolled here, attributable largely to its excellent place in university rankings. St. Gallen also houses the Federal Administrative Court. The capital city of the canton of St. Gallen is regarded as the “gateway” to Appenzell, where the Churfirsten peaks rise at a height of 2,000 m above sea level. Roughly 11.5% of Switzerland’s population lives in Eastern Switzerland. The canton of St. Gallen is home to most of the region’s 929,7522 inhabitants, followed closely by the canton of Thurgau. The population of Eastern Switzerland is also forecast to continue increasing. From the east side of Switzerland, Zurich Kloten Airport is less than an hour’s drive away, thanks to the excellent network of roads. Owing to excellent rail connections, long distances can be covered in just a short space of time. St. Gallen-Altenrhein Airport is located between the cities of Thal and St. Gallen. This is an important hub for air traffic in Switzerland. This is where the wealthy park their private planes, benefitting from the close vicinity to Austria; thanks to its integration in the three-country border area, Germany and Austria are both very close.

Swiss Federal Statistical Office, 31.12.2013

Engel & Völkers Rorschach MWG GmbH Hauptstrasse 53 9400 Rorschach Phone: +41-71-845 65 50 Rorschach@engelvoelkers.com Engel & Völkers Schaffhausen Grund Genug Immobilien AG Bachstrasse 13 8200 Schaffhausen Phone: +41-52-630 70 10 Schaffhausen@engelvoelkers.com Engel & Völkers St. Gallen MWG GmbH Spisergasse 23 9000 St. Gallen Phone: +41-71-730 09 20 StGallen@engelvoelkers.com Engel & Völkers Weinfelden Exclusive Real Estate AG Pestalozzistrasse 4 8570 Weinfelden Phone: +41-71-663 30 00 Weinfelden@engelvoelkers.com

Schaffhausen

Frauenfeld

The location

With a population of some 35,000, Schaffhausen is one of Switzerland’s smaller cities. Far away from the hustle and bustle of a metropolis, major cities such as Zurich, or Stuttgart, the capital of Baden-Württemberg, are nonetheless only a short drive away. Two special attractions in Schaffhausen, the canton’s capital, include the historic part of the town, which is for pedestrians only, and the city’s landmark, the Munot tower.

Frauenfeld is one of Switzerland’s smaller cities with a population of some 24,000. Located away from the city of Zurich, Frauenfeld has much culture and a good infrastructure to offer. Two special attractions in the canton of Thurgau’s capital include the historic part of the town, and the city’s landmark, the old castle. Frauenfeld boasts excellent transport links in all directions. The most desirable locations

The most desirable locations ■ ■

■

Within the city, the Breite district is one of the most sought-after residential areas In the region, Stetten in the Reiat district tops the list

■

In the city itself, the Huben, Neuhusen and Herten districts are the most sought-after locations In the region, Uesslingen, Hüttwilen and Stettfurt are immensely popular

Market development

The property market in the region of Schaffhausen is characterised by healthy property prices. After a rise in the prices for detached homes and freehold apartments in the past years, prices have currently stagnated.

The property market in the region of Frauenfeld is characterised by healthy property prices. After a slow and steady rise in the prices for detached homes and freehold apartments in the past years, we have not yet observed any calming down of the property market; nonetheless, prices are respectable.

Outlook Outlook Due to continued high demand, property prices in the region are likely to continue to rise moderately.

Due to continued high demand, property prices in the region are likely to continue to rise accordingly.

Price table Villa/Single-family house in CHF

Location

Schaffhausen

Frauenfeld

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.8 – 3.4 Mio

6‘000 – 8‘500

500 – 700

Good

950‘000 – 1.8 Mio

3‘900 – 6‘000

350 – 500

Ordinary

600‘000 – 950‘000

3‘000 – 3‘900

220 – 350

Prime

1.6 – 2.4 Mio

6‘000 – 8‘500

700 – 1‘000

Good

950‘000 – 1.6 Mio

3‘900 – 6‘000

500 – 700

Ordinary

600‘000 – 950‘000

3‘000 – 3‘900

350 – 500

Trend

Kreuzlingen

Weinfelden

The location

Kreuzlingen, the gateway to Switzerland on the southern bank of Lake Constance, is situated in an fantastic area with a very high standard of living. Besides the idyllic and peaceful surroundings, those who live here enjoy excellent cultural and educational opportunities. Lake Constance, and the close vicinity to neighbouring Germany, entice more and more people from Switzerland and Europe to settle here in this holiday area.

With a population of approximately 10,500, Weinfelden is one of the larger towns in the area and home to the largest railway junction in the canton of Thurgau. The municipality lies in the gently undulating Ottenberg vineyard landscape between Lake Constance and Alpstein, and is one of Switzerland’s most beautiful landscapes. From modern freehold apartments to lovingly preserved half-timbered houses, Weinfelden boasts a wide selection of properties.

The most desirable locations

■

Kreuzlingen / Bottighofen: close to Germany and fiscally advantageous Gottlieben / Ermatingen: fishing villages by lower Lake Constance, surrounded by vineyards

■

Weinfelden / Ottoberg: romantic old part of the city and quality half-timbered houses Berg: this village, with spectacular alpine views, lies on the east slope of Mount Ottenberg

Market development

The demands for homes in this region is as high as ever. Properties with views over the lake, or access to the lake, are particularly coveted, as are well-designed freehold apartments in central locations. Particularly the demand is on the rise from high-priced cantons. Real estate in areas where the infrastructure is not so developed are harder to sell.

The trend, mainly towards freehold apartments, looks set to continue in the coming year. More and more people are settling here, whether privately or for business. Particularly the demand is on the rise from high-priced cantons. As a main traffic artery, Weinfelden commands the highest prices. Outlook

Outlook In and around Kreuzlingen, immigration from abroad has led to an above-average increase in demand and prices. This trend is not likely to change in the near future.

Over the last few years, prices for detached homes and freehold apartments have risen slowly and steadily.

Price table Villa/Single-family house in CHF

Location

Kreuzlingen

Weinfelden

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.5 – 3.5 Mio

4‘800 – 10‘000

800 – 1‘100

Good

950‘000 – 1.5 Mio

4‘100 – 4‘800

450 – 800

Ordinary

600‘000 – 950‘000

3‘300 – 4‘100

250 – 450

Prime

1.35 – 3.15 Mio

4‘400 – 4‘800

700 – 950

Good

800‘000 – 1.35 Mio

3‘700 – 4‘400

500 – 700

Ordinary

450‘000 – 800‘000

2‘900 – 3‘700

350 – 500

Trend

St. Gallen & Rorschach

Appenzell

The location

Economically and culturally, the city of St. Gallen is the centre of the region. When the Federal Administrative Court relocated from Bern to St. Gallen, there was a noticeable and considerable increase in demand across the board in the property market. A new and interesting employer appeared on the scene when the Würth Group settled in the Lake Constance region. The current trend to building new rental and freehold apartments will have only a moderate effect in counteracting the increase in prices.

The Appenzell region is the retreat area for the nearby cities of Wil and St. Gallen. Only a few villages are populated densely enough to be classed as small towns. Peace and recreational value are the essential criteria in demand.

The most desirable locations The most desirable locations ■ ■

■

St. Gallen: preferred areas Rosenberg and Rotmonten with views Rorschacherberg: location with views over Lake Constance

■

Teufen: lowest taxes in the entire region Appenzell: peaceful residential areas linked to the Rhine valley

Market development Market development The location continues to boom economically and is set to continue this positive development thanks to its attractive range of offers in the fields of education, administration and public transport.

Demand is dominated by households looking to sell their detached houses and downsize to a comfortable freehold flat with lift and balcony. However, families are also well aware of the advantages of the region and are increasingly looking for affordable homes.

Outlook

The situation on the job market will continue to influence demand on the property market in future. Innovative projects support a positive forecast for the future.

The infrastructure projects currently in planning here will keep demand in this region on a consistently good level.

Price table Villa/Single-family house in CHF

Location

St. Gallen

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.9 – 4.5 Mio

7‘500 – 10‘000

900 – 1‘200

Good

1.2 – 1.8 Mio

5‘000 – 7‘500

600 – 800

700‘000 – 950‘000

3‘000 – 4‘500

400 – 600

Prime

2.0 – 2.6 Mio

7‘500 – 10‘000

900 – 1‘000

Good

1.0 – 1.8 Mio

6‘000 – 7‘500

600 – 800

800‘000 – 950‘000

4‘500 – 6‘000

350 – 550

Ordinary

Appenzell

Trend

Ordinary

Trend

Rhine Valley, Werdenberg & Lake Walen (Heidiland) The location Here on the gentle slopes of the Rhine Valley, with its winegrowing villages Berneck, Balgach, Rebstein, and the tranquil small town of Altstätten, some 60,000 people find homes in fantastic locations with beautiful views over the Rhine river and into neighbouring Austria. The Werdenberg region is marked by growth and is astir with building work, whilst locations in Heidiland around the glamorous spa and golfing resort Bad Ragaz and around Lake Walen are as sought-after as ever. The most desirable locations ■

■

Balgach: excellent residential quality, lowest taxes in SG canton Bad Ragaz: classy spa resort, 2 golf courses, medical centre, 5* luxury resort

Market development Following many years of stagnation, a spurt of growth has now set in in the Rhine Valley and Werdenberg, with a flood of new building work. Nonetheless, property prices remain moderate compared with the Swiss average, and quality properties are affordable. This makes the area extremely attractive for those moving into the area who cannot afford high prices. Outlook Particularly in Werdenberg, prospective buyers will continue to find affordable apartments, detached houses and plots of land.

Price table Villa/Single-family house in CHF

Location

Rhine Valley

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

2.0 – 3.0 Mio

8‘000 – 12‘000

700 – 1‘200

Good

1.5 – 2.0 Mio

6‘000 – 10‘000

450 – 700

800‘000 – 1.2 Mio

4‘000 – 7‘000

250 – 400

Ordinary

Trend

The Southeastern Switzerland region

Engel & Völkers Chur Top Living Immobilien AG Masanser Str. 21 7000 Chur Phone: +41-81-250 55 85 Chur@engelvoelkers.com Engel & Völkers Davos Top Living Immobilien AG Promenade 83 7270 Davos Platz Phone: +41-81-410 00 30 Davos@engelvoelkers.com Engel & Völkers Flims Top Living Immobilien AG Promenade 37 7018 Flims-Waldhaus Phone: +41-81-911 33 82 Flims@engelvoelkers.com Engel & Völkers Scuol Olivetti Immobilien AG Porta 7 7550 Scuol Phone: +41-81-860 37 42 Scuol@engelvoelkers.com Engel & Völkers St. Moritz EV Résidences Suisse SA Via Maistra 39 7500 St. Moritz Phone: +41-81-837 51 51 StMoritz@engelvoelkers.com

The region and its special characteristics The Southeastern Switzerland region unites mountain charm with pulsating city life. The mountains offer a variety of recreational activities in summer and winter alike. Davos is the highest town in Europe (1,560 m above sea level)3. With Flims/Laax, Arosa or Lenzerheide, the region also boasts numerous resorts with opportunities for entertainment and recreation in the mountain area. Wealthy and luxury-loving visitors look forward to staying in St. Moritz, where they can watch the “White Turf” horse races or play polo on Lake St. Moritz. The capital city of the canton of Graubünden is Chur, and the populace here enjoys a high standard of living. Besides offering nature and recreation, the area also provides opportunities for vocational training and further education. Southeastern Switzerland has something for everyone. It is legally possible to purchase holiday apartments and homes in the canton of Graubünden. Graubünden has a contingency of 2904 holiday domiciles. There are currently 193,9205 people living in Southeastern Switzerland. This means that fewer people live in Southeastern Switzerland than anywhere else in Switzerland. This is attributable to the fact that much of the area is either mountainous or used agriculturally. The region is also strongly shaped by tourism. Thanks to the close vicinity to Samedan Airport, visitors are able to arrive by private jet if preferred. The region also, however, boasts a good road network for those using private transport. The Rhaetian railway brings passengers comfortably and idyllically through breathtaking landscapes to their chosen destinations. Whether alpine or not, Southeastern Switzerland is highly attractive, and offers young and old alike a fantastic mountain landscape with countless opportunities for outings or adventure.

Davos. Homepage, 4NZZ, online, 5Swiss Federal Statistical Office, 31.12.2013

Chur / Arosa / Lenzerheide

Davos / Klosters / Prättigau

The location

Chur, the capital of the canton, boasts a charming old part of the city and an outstanding infrastructure, and is surrounded by the Rhine valley and the Bündner Herrschaft, famed for its excellent wines and the (almost) mediterranean climate that predominates there. Distinguished skiing regions such as Arosa and Lenzerheide, which have been linked since 2013, now offer guests even more ski slopes and hiking trails.

Davos, known throughout the world for its annual “World Economic Forum”, is not only the highest town in the Alps, but also one of the most popular skiing areas in Switzerland. Year after year, in winter and in summer, “Davos Klosters” attracts countless nature-lovers and sports enthusiasts who have succumbed to the impressive mountain scenery and the wide range of recreational opportunities.

The most desirable locations

■

Arosa: Maranerhang/Innerarosa; due to its close vicinity to the ski slopes and lots of sunshine hours Lenzerheide: the sun-soaked Crapera slope; due to the beautiful views and lots of sunshine hours

■

Davos: Parsenn, Horlauben, Bündaquartier, Mattawald and town square and centre Klosters: Muraquartier, Klosters Platz, due to the close vicinity to Gotschna cable car and centre

Market development

When the initiative for second homes was approved, there was a shortage in supply. Demand remained on the same high level, and hence property prices rose. Thanks to low mortgage rates, prospective buyers were more inclined to purchase a first or second home.

Initial uncertainty about the impact of the initiative for second homes has now been dispersed; the advantages of low interest rates have powered people’s interest in investing in properties with intrinsic value in the “Davos Klosters” touristic region, which will rise in value.

Outlook

Prices will stabilise. In prime locations such as Arosa and Lenzerheide, high demand will ensure that prices continue to rise slightly.

Property prices in Davos will continue to rise. In contrast, prices in Klosters will become stable, as contingencies for new construction work have been awarded up to 2017.

Price table Villa/Single-family house in CHF

Location

Chur / Arosa / Lenzerheide

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

2.0 – 6.0 Mio

10‘000 – 15‘000

from 1‘200

Good

1.3 – 2.0 Mio

8‘000 – 10‘000

800 – 1‘200

850‘000 – 1.3 Mio

5‘000 – 8‘000

400 – 800

Prime

4.5 – 20.0 Mio

11‘000 – 20‘000

from 1‘800

Good

1.8 – 4.5 Mio

8‘000 – 11‘000

1‘500 – 1‘800

Ordinary

1.0 – 1.8 Mio

6‘500 – 8‘000

1‘200 – 1‘500

Ordinary

Davos / Klosters / Prättigau

Trend

Flims / Laax / Falera

Lower Engadin

The location

Internationally, the Flims-Laax-Falera skiing area is one of the best known and most popular ski resorts in the Alps. The region has a hugely diverse range of sports and culture to offer, delighting locals and visitors alike. A wonderful place for a holiday home. Numerous smaller skiing areas are in the direct vicinity, such as Obersaxen, Brigels or Disentis. First homes and second homes complement each other here charmingly.

An unspoiled landscape, tranquil, cosy Engadin villages with their historic buildings, rich Romanesque culture, and much more: welcome to Lower Engadine, still awaiting “discovery”. Wildlife watching in and around the National Park, guided tours round castles or cycle rides are just some of the numerous ways to spend a holiday here. Winter sport and summer bathing go hand in hand here.

The most desirable locations

■

Flims: Flims village, due to its close vicinity to the ski slopes, plentiful sunshine hours and Flims-Waldhaus Laax: Laax-Murschetg, due to its close vicinity to the ski slopes and good infrastructure

■ ■

Scuol, main town in Lower Engadine and tourist centre Ftan, Sent, Ardez, attractive villages on southern slopes

Market development

The uncertainty regarding the second home initiative, combined with high prices, has made potential buyers cautious. Stricter financing regulations also tempered demand for freehold property. Towards the end of the year, demand was on the rise, particularly for properties in prime locations.

Large number of newly constructed homes to be completed next year. Several old Engadin houses in which the stables have been converted into annexes are also on offer. All buildings on which construction work began in 2013.

Outlook

Prices will rise, because supply is unlikely to meet the demand for holiday homes in the future.

Large number of newly constructed homes to be completed next year.

Price table Villa/Single-family house in CHF

Location

Flims / Laax / Falera

Lower Engadin

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

3.0 – 8.0 Mio

10‘000 – 14‘000

from 1‘600

Good

1.5 – 3.0 Mio

9‘000 – 10‘000

1‘100 – 1‘600

Ordinary

1.0 – 1.5 Mio

7‘000 – 9‘000

700 – 1‘100

Prime

2.0 – 4.5 Mio

8‘000 – 14‘000

from 1‘000

Good

1.0 – 2.0 Mio

6‘000 – 8‘000

800 – 1‘000

bis 1.0 Mio

5‘000 – 6‘000

up to 700

Ordinary

Trend

St. Moritz The location “On top of the world” in the true sense of the word. Situated more than 1,800 m above sea level, the wide and open landscape of this high valley, studded with lakes and surrounded by majestic mountains, is unique. In this champagne climate, with an average of 322 days of sunshine per year, the region offers a whole host of exciting events, such as the White Turf and Polo matches in winter, as well as the Festival de Jazz and British Classic Car meeting in the summer, and much more. The most desirable locations ■

■

Absolute prime location – Suvretta, St. Moritz centre (Via Tinus, Via Brattas) Celerina, Sils, Silvaplana and Pontresina

Market development The exuberance of the Swiss property market has slowly given way to a more objective atmosphere. With a surplus of properties on offer in the luxury and upscale segments, potential buyers are taking more time before committing to a purchase. Outlook The continuing recovery of the Swiss economy will have a positive impact on property prices in the long term.

Price table Villa/Single-family house in CHF

Location

St. Moritz / Upper Engadin

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

8.0 – 45.0 Mio

15‘000 – 35‘000

–

Good

4.0 – 10.0 Mio

12‘000 – 18‘000

–

Ordinary

2.0 – 6.0 Mio

8‘000 – 15‘000

–

Trend

The Southern Switzerland region

Engel & Völkers Ascona EV Ascona Top Real Estates AG Piazza G. Motta 57 6612 Ascona Phone: +41-91-785 14 80 Ascona@engelvoelkers.com Engel & Völkers Lugano Immobiliare Paradiso SA Riva Paradiso 10 6900 Lugano-Paradiso Phone: +41-91-980 42 60 Lugano@engelvoelkers.com

The region and its special characteristics Ticino is known for its quiet villages, where granite dominates the landscape and architecture. The property market in Ticino is characterised by its grottos and an abundance of holiday apartments. The canton of Ticino allows foreigners to purchase holiday homes. The canton of Ticino has an annual contingency of 1956 apartments. Visitors are enraptured with the Mediterranean charm of the area and the many footpaths and trails through secluded valleys and delightful grottos. Ticino, however, also has a great deal of culture to offer. The film festival and the “Open Air Moon and Stars” on the Piazza Grande are just two examples of the wide range of entertainment on offer. The canton of Ticino is home to a population of 341,6527 – the second smallest population in Switzerland after the Southeastern Switzerland region. Only 4% of the total population of Switzerland lives here. Most of the inhabitants are native Italian speakers, and culturally feel closely linked to neighbouring Italy. This may be partly due to the high proportion of foreigners (27.3%8 ) living here. The route to milder climate via Gotthard – whether the tunnel or the pass – is just two hours drive away from central Switzerland. From Eastern Switzerland, it takes about three hours to drive via San Bernadine to the south. Rail connections are also available for both routes. The world-famous metropolis of Milan is just minutes away from Ticino. Those living in Ticino also often favour Milan Airport. The magical beauty of Southern Switzerland has enticed artists to settle here and continues to enchant tourists.

NZZ, online, 7Swiss Federal Statistical Office, 31.12.2013, 8Federal Office for Migration (4.2013)

Ascona

Lugano

The location

Ticino is one of the most popular and exclusive regions in Switzerland and also a traditional destination for holidaymakers. The exceptional landscape with the Lago Maggiore is unique. The beauty of the two 18-hole golf courses in Ascona and Losone delights golfers from far and wide. The mild climate and mediterranean charm of Ascona still have a strong attraction for potential buyers of holiday homes and first homes.

With its bay and “sugar loaf” mountain Monte San Salvatore, some people claim that the sophisticated city of Lugano is reminiscent of the tropical city Rio de Janeiro. The climate is mediterranean all year round, and plants and palm trees grow here that can only otherwise be found in southern Europe. All this with an azure blue lake and easy-going “Italienita” charm, coupled with the safety and stability of Switzerland, make Lugano and the whole region a unique place to live or spend a holiday.

The most desirable locations The most desirable locations ■ ■

Ascona and Ronco sopra Ascona Villas directly by the lake in Locarnese

■

Market development Our office in Ascona is recording growing numbers of national and international customers. Homes by the lake, or with views over the lake, are in particularly high demand. Ideal for customers looking for an investment which is a secure as possible; property in Ticino is guaranteed to have risen in value on resale. Outlook We are convinced that demand will continue to increase dramatically in Ticino in 2014, and it will still be worth investing in the very popular market in and around Ascona (the Swiss side of Lago Maggiore), because with us you’ll make an investment that will definitely pay off!

Lugano: urbanity, southern flair, lake views and unique residential locations Morcote: beautiful villa locations, holiday domiciles, unrivalled lake views

Market development The property market in the Luganese district is growing; low interest rates have sparked a flush of construction work. This provides prospective buyers with plenty of opportunities for purchasing on attractive terms a second home in one of the region’s most beautiful areas. Apartments in the city with views over the lake are a particularly good investment. Outlook Construction work is likely to continue to flourish whilst interest rates remain low. Supply exceeds demand, however, so it may well be possible to bag a bargain here.

Price table Villa/Single-family house in CHF

Location

Ascona

Lugano

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

7.0 – 22.0 Mio

15‘000 – 25‘000

2‘000 – 3‘500

Good

3.9 – 8.0 Mio

7‘000 – 10‘000

1‘500 – 2‘000

Ordinary

1.0 – 2.0 Mio

5‘000 – 7‘000

1‘000 – 1‘500

Prime

4.0 – 15.0 Mio

10‘000 – 20‘000

2‘000 – 3‘000

Good

3.0 – 10.0 Mio

8‘000 – 14‘000

1‘000 – 2‘000

Ordinary

1.0 – 4.0 Mio

6‘000 – 10‘000

800 – 1‘500

Trend

The Northwestern Switzerland region

Engel & Völkers Aarau Immo Lokal AG Kronengasse 2 5000 Aarau Phone: +41-62-825 27 90 Aarau@engelvoelkers.com Engel & Völkers Basel Mobas Immo Basel AG Grenzacherstrasse 4 4058 Basel Phone: +41-61-666 62 00 Basel@engelvoelkers.com Engel & Völkers Liestal Mobas Immo Basel AG Kanonengasse 57 4410 Liestal Phone: +41-61-666 62 06 Liestal@engelvoelkers.com Engel & Völkers Rheinfelden Mobas Immo Basel AG Marktgasse 43 4310 Rheinfelden Phone: +41-61-813 37 33 Rheinfelden@engelvoelkers.com Engel & Völkers Solothurn EV Immobilien AG Schweiz Friedhofplatz 5 4500 Solothurn Phone: +41-32-322 13 13 Solothurn@engelvoelkers.com

The region and its special characteristics The northwestern region of Switzerland covers both banks of the river Rhine. The region includes the cantons of Basel-Stadt, Basel-Land, Aargau and Solothurn. The city of Basel lies right at the centre of France, Germany and Switzerland border triangle. Basel is the most important trade fair and conference location in Switzerland: every year, shows such as Baselworld and Art Basel attract thousands of visitors from all over the world. Basel also has a unique concentration of innovative firms in the beverage, pharmaceutical and finance industries. Northwestern Switzerland also boasts buildings by renowned architects, such as BIZ by Mario Botta or the new exhibition hall by Herzog and de Meuron. Whether you are looking for something cultural, athletic or relaxed, Northwestern Switzerland is the place for you. Northwestern Switzerland has 1,091,3029 inhabitants. Its proximity to the border triangle means that Northwestern Switzerland has many cross-border commuters – a total of around 50,000 such commuters work in the region. Despite the high proportion of cross-border commuters, the unemployment rate is low at 2.3%10 of the working population, slightly lower than the Swiss average of approximately 3%. The Basel-Mulhouse regional airport is accessible from every airport in Europe. This enables Northwestern Switzerland to welcome national and international guests all year round. As a central traffic hub, Basel also has excellent connections to Europe through its three main train stations. From metropolises to cultural diversity, the Northwestern Switzerland region offers something for everyone.

Swiss Federal Statistical Office, 31.12.2013, 10Wikipedia. Homepage

Aarau

Fricktal

The location

Aarau is sought after not only as a location for companies, but also as a place to live. Prices for private property, houses and apartments are approximately 20-25% lower than in Zurich and the surrounding area. Further advantages are the moderate fiscal climate and proximity to Zurich, Basel, Bern and Lucerne. Its future-oriented educational and healthcare facilities, as well as the favourable rental and purchase prices for apartments and houses, are attracting an increasing number of immigrants to the region.

The Fricktal offers a wide variety of exclusive residential properties within a very lively property market. A large number of construction projects are still being implemented, but are not exceeding demand. The consistently high level of quality creates excellent conditions for the market. In addition, the Fricktal is winning over Zurich residents with its excellent infrastructure and ideal transport links.

The most desirable locations The most desirable locations ■ ■

■

The city of Aarau: excellent infrastructure, proximity to Zurich, Basel, Bern and Lucerne Suhr, Buchs, Küttigen, Biberstein: peaceful location, proximity to Aarau

■

Rheinfelden: location right next to the Rhine, exceptional transport links with Zurich Möhlin: lively and steadily growing municipality with a high quality of life

Market development Market development The property market is expected to remain stable in 2014 given the demand from commuters in overcrowded urban areas.

Prices have generally risen over the past few years. This increase can be put down to factors such as low interest rates, lower tax rates and a high level of immigration. Although prices are currently remaining static in various municipalities, this is not an indication of a trend reversal. Outlook

Outlook Market prices remain stable and no trend reversal is expected on the local property market. There is not likely to be any increase in interest rates.

The market remains stable with no fall in demand. In the present economic situation, purchasing a property is a sound investment.

Price table Villa/Single-family house in CHF

Location

Aarau

Fricktal

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.2 – 2.5 Mio

4‘800 – 8‘000

750 – 1‘200

Good

800‘000 – 1.2 Mio

4‘000 – 5‘000

450 – 750

Ordinary

500‘000 – 800‘000

2‘500 – 4‘000

250 – 450

Prime

1.4 – 2.0 Mio

7‘000 – 8‘000

1‘000 – 1‘200

Good

950‘000 – 1.4 Mio

5‘500 – 7‘000

800 – 1‘000

Ordinary

650‘000 – 950‘000

4‘500 – 5‘500

600 – 800

Trend

Basel City

Basel Land

The location

Thanks to its central location and good size, the city of Basel is a very popular location. The Rhine harbour, railway stations, motorway connections and EuroAirport all offer ideal national and international transport links. The city of Basel also has many foreign workers who enjoy a high level of pay, which in turn creates a consistent increase in demand for high-quality properties.

The property market in the quasi-urban upper Basel area and the idyllic lower Basel area is enjoying consistently increasing demand with positive development. The active building industry is meeting these needs with numerous exclusive new constructions. The region’s attractiveness is further increased by exceptional transport links to the nearby city of Basel and the wide range of leisure and cultural activities on offer.

The most desirable locations The most desirable locations ■

■

Riehen: natural surroundings, close to Basel and with the highest standard of residential living in Switzerland Bruderholz: peaceful location, exclusive district on the Basel hillside Gellert: exclusive city district Market development

■

Bottmingen: natural surroundings, low taxation and proximity to Basel Liestal: good infrastructure, cantonal capital with plenty of jobs

Market development

The property market is expected to remain relatively stable in 2014 given the limited residential space in city districts. Investments in the life sciences industry are still ensuring a high number of local buyers in the exclusive price segment.

Attractive mortgage interest rates mean investing capital in a residential property is still worthwhile. Properties in popular locations hold their value well in the long term. In contrast, outlying areas are faced with price fluctuations.

Outlook

There is no trend reversal for property prices on the local property market, and according to the banks there will not be any greater increase in interest rates.

The banks’ cautious attitude is paying off in the Basel area, preventing the market from overheating as it can be seen in areas such as Zurich. Prices remain stable.

Price table Villa/Single-family house in CHF

Location

Basel City

BaselLand

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

2.5 – 4.0 Mio

10‘500 – 12‘000

3‘200 – 3‘500

Good

1.5 – 2.5 Mio

9‘000 – 10‘500

2‘200 – 3‘200

Ordinary

1.0 – 1.5 Mio

7‘500 – 9‘000

1‘500 – 2‘200

Prime

2.5 – 4.0 Mio

10‘000 – 12‘000

1‘800 – 2‘500

Good

1.5 – 2.5 Mio

8‘000 – 10‘000

1‘200 – 1‘800

900‘000 – 1.5 Mio

6‘000 – 8‘000

900 – 1‘200

Ordinary

Trend

Solothurn The location Solothurn is where Italian grandeur, French charm and a Swiss German down-to-earth attitude meet. This residential region is centrally located as an island in the Swiss central plateau. The railway and road network connections put the cities of Basel, Bern, Biel, Lucerne and Zurich only an hour away, and Grenchen airport opens up air traffic. Its geographical location ensures attractive residential surroundings. The most desirable locations ■

■

Feldbrunnen: this tax haven entices with its peaceful location near the city centre Solothurn: attracts residents with its central location for all major cities and the Jura mountains

Market development Solothurn is an attractive business location with a good industry mix of the medical technology, logistics and distribution, microelectronics, telecommunications, watches, screw machining and services sectors. The building areas available in the canton are further factors promising market development. Outlook This ambassador city is a very popular residential location, whether for freehold apartments, town houses, residential complexes or Baroque manor houses.

Price table Villa/Single-family house in CHF

Location

Solothurn

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.4 – 4.0 Mio

5‘800 – 9‘000

750 – 1‘200

Good

800‘000 – 1.3 Mio

4‘000 – 5‘800

450 – 750

Ordinary

500‘000 – 750‘000

3‘000 – 4‘200

300 – 500

Trend

The Lake Geneva & Western Switzerland region

Engel & Völkers Geneva EV Real Estate SA Quai des Bergues 29 1201 Geneva Phone: +41-22-716 22 66 Geneva@engelvoelkers.com Engel & Völkers Montreux EV Real Estate SA Grand-Rue 82 1820 Montreux Phone: +41-21-533 13 33 Montreux@engelvoelkers.com

The region and its special characteristics The cantons of Wallis, Waadt, Geneva, Jura and Neuenburg and parts oft the Bern and Fribourg cantons make up western Switzerland, also known as Romandie – the Frenchspeaking portion of Switzerland. Western Switzerland has a wealth of excursion destinations on offer all year round: from countless vineyards to fantastic mountain landscapes, nothing is lacking. The capital Geneva is home to multinational companies such as the UN and the WTO, and the International Committee of the Red Cross has also chosen western Switzerland as its base. In addition, Western Switzerland is a further Swiss financial centre alongside Zurich, and a large number of foreign banks conduct their business from the city of Geneva. Geneva is also the city of parks with around 20% of its total area covered by green spaces, an invitation to take pleasant walks. Since 2012, Geneva has been the third most expensive city in the world after Zurich and Tokyo. Well-known labels from luxury brands are therefore also on offer. Western Switzerland has a total of 1,519,18911 inhabitants. This is approximately 20% of the entire population of Switzerland. Almost half of these inhabitants are foreigners. As a border region, west Switzerland is home to many people of Italian and French origin, with some Portuguese nationals also making the region their home12. Thanks to a quota of 33013 apartments in the canton of Wallis and 195 in the canton of Waadt, western Switzerland has holiday apartments available for purchase. The attractiveness of the region means that these quotas have almost been exhausted. Western Switzerland has good links to the European railway network, and metropolises such as Paris or Milan are only a few hours away via express train. Geneva also has a loading station for motorail trains, and the international airports offer an opportunity for air travel. The airport is a key location for VIP flights and benefits from the numerous international organisations in the area.

Swiss Federal Statistical Office, 31.12.2013, 12Swiss Federal Statistical Office, 31.12.2013, 13NZZonline

Geneva

Montreux

The location

The municipality of Geneva is the centre of the secondlargest agglomeration in Switzerland and has an excellent location. The cultural offerings, exceptional education system and good infrastructure make Geneva an international residential location with a high standard of living.

Montreux is located in a sheltered bay of Lake Geneva surrounded by vineyards, and is the centre of a medium-sized agglomeration. In terms of attractiveness, Montreux is an excellent location as both a municipality and a region.

The most desirable locations

■ ■

Cologny Central Geneva

■ ■

Montreux, La Tour-de-Peilz Chardonne and Lutry

Market development

Prices for houses and freehold apartments in the Geneva region are significantly higher than the national average. Nevertheless, Geneva’s interesting jobs and good development opportunities mean that it continues to attract new inhabitants and remains an extremely attractive location.

Prices for houses and apartments in the Montreux region are higher than the national average, and the small and expensive reserves of building land limit the availability of houses. Asking and sold prices have correspondingly experienced significant increases in recent years.

Outlook

Despite the high standard of living and international flair of the Geneva region, buying customers are displaying a level of reticence regarding longer sales cycles.

In ‘expensive’ municipalities, prices have now reached a level limiting the potential for further price rises. Prices are stabilising at a high level.

Price table Villa/Single-family house in CHF

Location

Geneva City

Montreux / Lake Geneva

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

6.0 – 50.0 Mio

15‘000 – 20‘000

5‘000 – 10‘000

Good

2.0 – 6.0 Mio

10‘000 – 15‘000

2‘400 – 3‘000

Ordinary

1.0 – 2.5 Mio

9‘000 – 12‘000

1‘800 – 2‘200

Prime

2.5 – 18.0 Mio

10‘000 – 15‘000

1‘500 – 3‘000

Good

1.2 – 3.5 Mio

8‘500 – 11‘000

1‘000 – 1‘600

Ordinary

1.0 – 2.0 Mio

6‘500 – 8‘500

600 – 1‘200

Trend

The Bern region

Engel & Völkers Bern ALUAG AG Mettlengässli 2 3074 Muri b. Bern Phone: +41-31-950 22 11 Bern@engelvoelkers.com Engel & Völkers Biel PKR GmbH Hauptstrasse 59 2560 Nidau Phone: +41-32-333 20 66 Biel@engelvoelkers.com Engel & Völkers Grenchen PKR GmbH Marktstrasse 3 2540 Grenchen Phone: +41-32-333 10 20 Grenchen@engelvoelkers.com Engel & Völkers Gstaad E&V Gstaad Properties AG Lauenenstrasse 19 3780 Gstaad Phone: +41-33-655 65 05 Gstaad@engelvoelkers.com Engel & Völkers Interlaken RIK-Verwaltungs-AG Höheweg 72 3800 Interlaken Phone: +41-33-822 70 70 Interlaken@engelvoelkers.com Engel & Völkers Murten PKR GmbH Rathausgasse 21 3280 Murten Phone: +41-26-655 10 30 Murten@engelvoelkers.com Engel & Völkers Solothurn EV Immobilien AG Switzerland Friedhofplatz 5 4500 Solothurn Phone: +41-32-322 13 13 Solothurn@engelvoelkers.com Engel & Völkers Thun ALUAG AG Obere Hauptgasse 40 3600 Thun Phone: +41-33-227 30 00 Thun@engelvoelkers.com

The region and its special characteristics Bern, Switzerland’s romantic capital city, owes its concentration of charm to the medieval cityscape. 6 km of arcades and Renaissance sculpted fountains adorn the city, and Bern has been a UNESCO World Heritage Site since 1983. The federal parliament building, clock tower and bear park are all famous well beyond the country’s borders. The Bern region also contains the Emmental valley, primarily famous for its hole-filled cheese. Charming hill landscapes are an invitation to enjoy hikes and beautiful vistas. The Bernese Oberland between Lakes Thun and Brienz is home to Interlaken. This tourist destination at the foot of the Eiger, Mönch and Jungfrau triumvirate attracts visitors from all over the world every year. Interlaken offers visitors a wide variety of sport and leisure activities. Numerous jet-setting celebrity guests make the most of the quota of 14014 holiday apartments and spend their holidays in Gstaad, another chic holiday vacation destination in the Bern region. This village has a particular charm thanks to its chalet-style houses. It offers relaxation at 1,050 metres above sea level, with the motto ‘come up & slow down’. The canton of Bern has 992,61715 inhabitants. This makes up half of central Switzerland and 12 percent of the entire Swiss population. A dense network of railway connections and developed national motorways and main roads all link Bern with Europe’s most important cities and metropolises. Bern-Belp airport is on Bern’s doorstep, with daily flights to European destinations. The Bern region offers a huge number of opportunities to get to know the area better. From various excursion destinations to a city tour to a visit to the federal parliament building, Bern leaves nothing to be desired.

NZZ, online, 15Swiss Federal Statistical Office, 31.12.2013

Bern City

Bern Land

The location

The city of Bern offers a high standard of living. Reasons for this include the good public transport infrastructure, attractive residential environment and generous local recreation areas. The cantonal and national capital is the centre of the Bern-Mittelland economic region, covering approximately a third of the canton of Bern. The city of Bern is the largest administrative centre in Switzerland. Bern is the city of short routes and multiple opportunities.

As the largest city in the Emmental, Burgdorf entices with its historic past, its university of applied sciences and its central location in the middle of Switzerland with a connection to the A1 motorway. It is home to various famous museums. International companies from the pharmaceutical and machine industries ensure a supply of jobs. The Emmental itself – with its long-established village communities, farming and small business, and wide variety of companies – balances out the hectic everyday life of the capital Bern.

The most desirable locations ■

■

The most desirable locations

Kirchenfeld, Elfenau: home to many embassies, sophisticated living atmosphere Muri bei Bern, Gümligen: good living conditions, tax advantages

■ ■

Burgdorf, Lyss, Fraubrunnen Kirchberg, Utzenstorf Büren an der Aare

Market development Market development Bern’s mild climate, high quality of life and leisure, and rural fabric mean that it has developed into an attractive residential location. In the municipality of Muri bei Bern, the tax advantages and good living conditions resulting from its proximity to Bern have resulted in a consistently increasing rate of immigration.

No significant changes are expected to the currently steady interest rate levels.

Outlook

Demand for properties in the upper price segment has not been curtailed, and prospective buyers are increasingly determining prices. Expectations of professional advice are increasing.

Demand for houses and properties in good locations will increase in the Bern Land region. A further increase in value is expected for building land.

Price table Villa/Single-family house in CHF

Location

Bern City

Trend

Plot of land CHF/m²

1.8 – 5.0 Mio

9‘000 – 12‘000

1‘200 – 2‘500

Good

1.5 – 2.5 Mio

8‘000 – 10‘000

800 – 1‘200

800‘000 – 1.5 Mio

6‘000 – 9‘000

500 – 800

Prime

1.5 – 3.5 Mio

7‘000 – 10‘000

800 – 1‘000

Good

1.2 – 1.5 Mio

6‘000 – 7‘000

500 – 800

750‘000 – 950‘000

4‘500 – 6‘000

350 – 500

Ordinary

Apartment CHF/m²

Prime

Ordinary

Bern Land

Trend

Biel City

Seeland

The location

Biel is the regional and economic centre for Seeland, the Bernese Jura and even part of the canton of Solothurn. Boasting a university of applied sciences and the most important Swiss centre for the watchmaking industry thanks to the Swatch Group headquarters and Rolex production facility, this is a global metropolis for watchmaking. Nidau is known for its wide range of small and medium enterprises and offers a large number of jobs. Grenchen (with its own airport) and Bettlach are business locations at the southern base of the Jura mountains, and the Aare river connects the region with the city of Solothurn and Lake Biel.

Murten, a historic and hospitable town, is an inviting place to live and linger and is only a short journey from Bern, Fribourg, Biel and Yverdon. The numerous small, well-kept villages on both shores of the lake offer good housing and quality of life. Lyss with its transport hub and Seeland’s key administration location of Aarberg are the regional centres of Bernese Seeland, and are home to businesses from the creative, industrial and service industries.

The most desirable locations The most desirable locations ■ ■

■

Beaumont district and Evilard: villas and houses with views of Lake Biel and the Mittelland; Ligerz, Alfermée and Twann with direct access to the lake Nidau: villas and houses right on the canal

■

Villa districts in Bellmund, Port, Ipsach, Täuffelen, Gerolfingen, Mörigen and Lyss Aarberg Murten, locations with direct lake access, Mont Vuilly, Greng

Market development Market development No significant changes are expected to the currently steady interest rate levels.

No significant changes are expected to the currently steady interest rate levels. Outlook

Outlook The city of Biel is seeking a change of image from the council housing previously promoted to a business-oriented central city, and will be repositioning itself accordingly. The shortage of building land will also mean an increase in its value.

The high price policy in cities and their agglomerations has increased property prices, high demand can be expected in the future in rural areas with good links to centres. A further increase in value is expected for building land due to the shortage of available land.

Price table Villa/Single-family house in CHF

Location

Biel City

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.5– 3.5 Mio

7‘000 – 10‘000

800 – 1‘000

Good

1.2 – 1.5 Mio

6‘000 – 7‘000

500 – 800

750‘000 – 900‘000

4‘500 – 6‘000

350 – 500

Prime

1.5 – 3.5 Mio

7‘000 – 10‘000

800 – 1‘000

Good

1.2 – 1.5 Mio

6‘000 – 7‘000

500 – 800

750‘000 – 900‘000

4‘500 – 6‘000

350 – 500

Ordinary

Seeland

Trend

Ordinary

Trend

Thun

Interlaken

The location

Thun – the gateway to the Bernese Oberland. Its central location is popular with visitors and those seeking recreation and relaxation. A perfect starting point for unforgettable days. Whether Bern, Brig or Gstaad, everything is only half an hour away by train or car. Right on Lake Thun and the Aare river, the historic old town and castle hill invite visitors to linger, and its mezzanine-level shopping facilities make it unique in Europe.

Interlaken with its international flair is the tourist hub of the Bernese Oberland. The top ski areas of Grindelwald, Wengen and Mürren and the locations between Lakes Thun and Brienz attract tourists from all over the world practically all year round. The region, easy to reach via public transport, is one of the most popular holiday destinations in Switzerland; demand for holiday properties is correspondingly high. The most desirable locations

The most desirable locations ■ ■

■

City of Thun: a central location with excellent public transport links and the well-kept city Lake Thun right shore: due to the partially unobstructable lake view and incomparable alpine panorama

■

Grindelwald: glacier village at the foot of the Eiger Interlaken: the international small town

Market development Market development Despite consistently high demand, prices have not exploded of late. This due to traditional construction methods, as well as to sometimes expensive development in hillside locations. The Thun region has potential for project developments.

The market remains static in the designated holiday region, and a decline in foreign demand is affecting time on the market. The new situation for second homes means that there is currently brisk construction activity to complete approved projects. At the moment this is a buyer’s market.

Outlook

The trend is still consistently rising, but is certainly not comparable with previous years.

The reduction in the future availability of second homes is likely to create an increase in property prices in the medium term.

Price table Villa/Single-family house in CHF

Location

Thun

Interlaken

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.0 – 2.0 Mio

8‘000 – 12‘000

750 – 1‘200

Good

800‘000 – 1.0 Mio

7‘000 – 9‘000

550 – 800

Ordinary

600‘000 – 900‘000

6‘000 – 8‘000

350 – 600

Prime

3.0 – 8.0 Mio

15‘000 – 20‘000

1‘000 – 1‘200

Good

2.0 – 3.0 Mio

10‘000 – 12‘000

600 – 1‘000

900‘000 – 1.5 Mio

8‘000 – 9‘000

400 – 500

Ordinary

Trend

Gstaad The location Luxury living in the most exclusive corners of the world. The Saanenland is probably one of the most well kept regions in the Swiss Alps with its protected agricultural landscape and the beautiful Chalets that have maintained the unique old style and features. The valley is home to one of the nicest ski areas in Switzerland, which offers a great infrastructure, not only in the winter, but also in the summer with its walking and hiking trails. The most desirable locations ■

■

Gstaad: The word’s most renowned ski resort in Switzerland and the smartest resort in the Bernese Oberland. A region that spreads across five main valleys and boosts 220km of ski runs Gruben, Wispile und particularly Oberbort: with the new Alpina Hotel and the 100-year-old Palace Hotel

Market development The Gstaad market has been stable for the past two years following a market correction. Prices increased in the first quarter of 2013. Most banks fear the bubble effect for the Gstaad region but the impact does not affect the top end of the market where properties tik all the boxes. Outlook The trend also shows no sign of decreasing in 2014. There will be no drop in demand for exclusive chalets with high-quality features in top locations. However, overpriced properties in average locations will continue to be difficult to sell.

Price table Villa/Single-family house in CHF

Location

Gstaad

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

25.0 – 50.0 Mio

35‘000 – 50‘000

–

Good

8.0 – 20.0 Mio

25‘000 – 30‘000

–

Ordinary

3.0 – 5.0 Mio

8‘000 – 12‘000

–

Trend

The Zurich region

Engel & Völkers Baden E&V Liegenschaften AG Vordere Metzggasse 6 5402 Baden Phone: +41-56-200 88 77 Baden@engelvoelkers.com Engel & Völkers Bülach Immobilien Zürich Nord AG Poststrasse 1 8180 Bülach Phone: +41-43-500 38 38 ZuerichNord@engelvoelkers.com Engel & Völkers Dietikon Immobilien Limmattal & Knonaueramt AG Bremgartnerstrasse 11 8953 Dietikon Phone: +41-43-500 25 25 Limmattal@engelvoelkers.com Engel & Völkers Küsnacht Wohnen Zürichsee AG Oberwachtstrasse 6 8700 Küsnacht Phone: +41-43-210 92 30 Kuesnacht@engelvoelkers.com

The region and its special characteristics Embedded in the Swiss central plateau lies the financial and economic centre that is Zurich. This region is particularly shaped by the city: Zurich is an important economic but also cultural and social centre for Switzerland. Lake Zurich, urban diversity and the Alps make Zurich an attractive overall package. Both shores of the lake have numerous luxury properties, often home to national and international celebrities. The low tax rate on the Gold Coast also boosts its attractiveness. Both shores are essentially seamlessly built up. With 81316 inhabitants per sqm, the central plateau canton of Zurich has an exceptionally high population density (population of 1.4 million). Zurich’s approximately 380,00017 inhabitants make it the largest city in Switzerland, constituting 27% of the entire canton of Zurich. Zurich is continuing to boom and population numbers are still growing, creating a further challenge for an already scarce housing supply. Demand is too high for it to be possible to cover all needs, causing an increase in property and rental prices. Beautiful living in Zurich comes at a price. However, Zurich’s agglomerations are becoming increasingly popular and still have potential to grow. The new A4 motorway has shortened journey times from central Switzerland to Zurich, now only 30 minutes by car. Zurich is also easily accessible from the other areas of Switzerland thanks to a well-developed railway and road network. The international airport is in Kloten, 13 km north of the city centre. It has already received numerous awards in a variety of disciplines, including that of Europe’s Leading Airport, and in 2009 it was named the best airport in Europe. The underground airport railway station transports passengers to and from the airport quickly and easily. The variety of lifestyles and cultures means that those in the Zurich region live, work and relax together in perfect harmony. This can also be seen in international studies, where Zurich continually appears in a leading position.

Engel & Völkers Rapperswil Wohnen Zürichsee AG Fischmarktstrasse 12 8640 Rapperswil Phone: +41-43-210 92 20 Rapperswil@engelvoelkers.com Engel & Völkers Thalwil Platinum Immobilien AG Gotthardstrasse 26 8800 Thalwil Phone: +41-44-533 12 12 Thalwil@engelvoelkers.com Engel & Völkers Rüti Happy Residence AG Rapperswilerstrasse 7 8630 Rüti Phone: +41-55-533 04 50 ZuercherOberland@engelvoelkers.com Engel & Völkers Wallisellen Immobilien Zürich Nord AG Opfikonerstrasse 1 8304 Wallisellen Phone: +41-43-500 68 68 Wallisellen@engelvoelkers.com Engel & Völkers Winterthur Immobilien Zürich Nord AG Obertor 7 8400 Winterthur Phone: +41-43-500 64 64 Winterthur@engelvoelkers.com Engel & Völkers Zürichberg Wohnen Zürichsee AG Gemeindestrasse 51 8032 Zurich Phone: +41-43-210 92 40 Zuerichberg@engelvoelkers.com Engel & Völkers Zurich Paradeplatz Zürich Urban Living AG Claridenstrasse 43 8002 Zurich Phone: +41-43-888 11 22 ZuerichParadeplatz@engelvoelkers.com

Wikipedia. Homepage, 17Swiss Federal Statistical Office, 31.12.2013

Zurich City

Gold Coast

The location

Zurich is an important economic but also cultural and social centre for Switzerland. The city – with its unique location on Lake Zurich, the Alps on the horizon, many local recreation areas and urban diversity – forms an attractive overall package. It is not just the infrastructure and shopping and leisure activities which are exceptional: Zurich continually appears in a leading position in international studies regarding quality of life.

The name itself promises a special region: not far from Zurich’s city borders and directly on the south-facing slopes of Lake Zurich lies the most famous and popular residential region in Switzerland. Numerous absolutely top-class villas and properties can be found here. The fast transport links to the city of Zurich make this an ideal residential location for the most demanding, and numerous international personalities have chosen to centre their lives on this beautiful region.

The most desirable locations The most desirable locations ■

■

The classics: city centre with Enge/Wollishofen and Zürichberg with Seefeld The newcomers: the trendy Zurich West district and urban Wiedikon and Werd

■

Zollikon, Küsnacht, Herrliberg

Market development

Market development Prices in the Zurich city area are experiencing a flatter level of growth than in previous years. Net immigration is continuing to increase, but is increasingly being offset by the significantly increased availability of new construction apartments. The number of planning permissions granted remains at a good level. Outlook The city’s attractiveness means that demand for home ownership will persist, although the tighter finance environment will put the brakes on prices.

Properties on the Gold Coast have significantly increased in value over the past few years, and are now stabilising at a high level. Numerous new construction projects are converting plots of land which have already been built on. There is very limited available space, helping to stabilise value. Outlook The still healthy demand for affordable home ownership is stable. A significantly expanded offering in the premium new construction segment has curbed price increases in recent years. There have been occasional price reductions in the top market segment.

Price table Villa/Single-family house in CHF

Location

Zurich City

Gold Coast

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

4.0 – 10.0 Mio

13‘000 – 18‘000

3‘000 – 4‘000

Good

2.2 – 4.0 Mio

10‘000 – 13‘000

2‘300 – 3‘000

Ordinary

1.2 – 2.2 Mio

7‘000 – 10‘000

1‘700 – 2‘300

Prime

ab 5.0 Mio

16‘000 – 20‘000

3‘400 – 3‘800

Good

3.5 – 5.0 Mio

14‘000 – 16‘000

2‘600 – 3‘400

Ordinary

2.2 – 3.5 Mio

11‘000 – 14‘000

1‘400 – 2‘600

Trend

Lake Zurich left shore

Limmattal & Knonaueramt

The location

Its location on the left shore of Lake Zurich, near to the centre yet still very peaceful, has made the Platinum Coast a very popular residential region. Magnificently situated lakeside communities with breathtaking views of Lake Zurich and the Alps stretch from Kilchberg to Richterswil. As well as a high standard of living and tax benefits, the region offers ideal transport links.

These two districts are currently experiencing very dynamic development in the city of Zurich’s wake. Zurich’s neighbouring municipalities of Schlieren and Dietikon are currently undergoing a process of transformation. The new ‘Am Rietpark’ city district has appeared in a central location, with many new apartments and leisure areas along the central, park-like green axis.

The most desirable locations

■

Kilchberg is a popular location thanks to its proximity to Zurich and the lake Rüschlikon also has the lowest tax rate in the canton of Zurich

■

Uitikon Waldegg: at the foot of the Uetliberg, with low taxation Aeugst am Albis: wonderfully situated on Lake Türler with one of the most attractive tax rates in Knonaueramt

Market development

Demand in lakeside communities remains at a high level, but the market has experienced a lower increase in prices than during the previous year, even remaining partially static in the upper segment. The left shore of Lake Zurich remains extremely attractive and stable thanks to its privileged location.

Demand for property ownership remains continuously high, although prices for houses remain static at a high level. The large amount of new construction activity, the resulting new availability and increased demand for these new constructions mean that prices are tending to fall for existing apartments.

Outlook

In 2014 prices are expected to remain generally stable. There may be slight price alterations, depending on the development of mortgage interest rates in the upper price segment.

Demand for property ownership remains high thanks to the still attractive interest rates.

Price table Villa/Single-family house in CHF

Location

Lake Zurich left shore

Limmattal & Knonaueramt

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

3.8 – 10.0 Mio

15‘000 – 20‘000

3‘000 – 3‘800

Good

2.1 – 3.8 Mio

11‘000 – 15‘000

2‘200 – 3‘000

Ordinary

1.3 – 2.1 Mio

8‘000 – 11‘000

1‘800 – 2‘300

Prime

2.2 – 6.0 Mio

9‘500 – 14‘000

2‘000 – 3‘500

Good

1.5 – 2.1 Mio

8‘000 – 9‘400

1‘500 – 1‘900

Ordinary

1.1 – 1.4 Mio

5‘500 – 7‘900

750 – 1‘400

Trend

Baden / Bremgarten

Zurich North

The location

The two districts of Baden and Bremgarten, located in the eastern part of the canton of Aargau, are popular residential regions for families and commuters in the greater Zurich area. Intact natural surroundings, well-kept towns and villages, a strong economy and good transport links to Switzerland’s large cities are all contributing factors.

Zurich North covers the region to the north of the city of Zurich around Zurich-Kloten airport, as well as the Zurich Unterland and the exciting Furttal and Wehntal region, located on the western end of the canton of Zurich and bordering Aargau. All the towns and municipalities in this region benefit from their proximity to and good links with the city of Zurich and the international airport in Kloten.

The most desirable locations

■

Baden/Wettingen: economic centre with excellent infrastructure Mutschellen/Rohrdorferberg: well-kept villages in intact natural surroundings near Zurich

■

Buchs, Neerach, Winkel and Augwil: village municipalities in excellent locations with distant views, good transport links and infrastructure, and an attractive tax rate

Market development

Almost all locations have seen moderate price increases over the past few years. These have been particularly pronounced in the field of new constructions in first-class locations.

This region has experienced huge growth in recent years and is drawing ever closer to Zurich thanks to its good links with the city, resulting in an increased level of attractiveness. New construction activity has also significantly increased, with demand still very high in this region.

Outlook

We are still anticipating an upward trend in property ownership asking prices. The best locations and most expensive segment are expected to see stabilising prices.

The region will continue to become more attractive thanks to its good public transport connections and great location, prices will stabilise and will only see slight increases.

Price table Villa/Single-family house in CHF

Location

Baden / Bremgarten

Zurich North: Zurich Unterland, Furttal/ Wehntal

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

1.4 – 4.0 Mio

6‘000 – 11‘000

750 – 1‘500

Good

900‘000 – 1.4 Mio

5‘000 – 7‘000

500 – 750

Ordinary

700‘000 – 1.1 Mio

3‘500 – 5‘000

350 – 550

Prime

2.0 – 4.0 Mio

9‘000 – 12‘000

1‘200 – 1‘500

Good

1.4 – 2.0 Mio

7‘500 – 9‘000

900 – 1‘200

Ordinary

1.1 – 1.4 Mio

5‘500 – 7‘500

700 – 900

Trend

Winterthur

Pfannenstiel/Glattal

The location

With around 170,000 inhabitants, the Winterthur region is an independent centre in the Zurich economic area. Interesting jobs, attractive types of living, a variety of leisure and recreation opportunities, excellent educational provision (various secondary schools, the Zurich University of Applied Sciences, the International School etc.) and a wide range of cultural activities (museums, theatres, cabarets) ensure a high quality of life in the Winterthur region.

The region is particularly noted for its proximity to the ‘boom town’ of Zurich. The city is a stone’s throw away and relatively good property prices are still enjoyed here. In addition, the international airport – an important part of the Zurich economic area – is close by. The Glattal and its latest achievement, the Glattalbahn railway, has reduced distances and made many areas even more attractive as residential destinations.

The most desirable locations

■ ■

City of Winterthur: Lindberg, Inneres Lind and Veltheim Surrounding area: Seuzach, Hettlingen, Wiesendangen and Brütten

■

Pfannenstiel: this high mountain range which separates the Gold Coast from the Lake Greifen area remains one of the most popular regions, with positive points including interesting tax rates and its proximity to the city

Market development

A particular feature of the city of Winterthur is attractive housing at fair prices. Fans of rural living who do not want to give up the benefits of a city will find rich pickings in the surrounding municipalities.

In recent years this region has successfully benefited from the lack of available housing in the city of Zurich, with many solvent buyers settling here. The region remains attractive, in particular thanks to its excellent infrastructure, fast connections to Zurich and beautiful residential areas.

Outlook Outlook Persistently high ‘immigration’ from elsewhere in Switzerland and abroad and the attractiveness of urban living will see a further slight rise for property prices in and around Winterthur in 2014.

Stable or slightly increasing prices are anticipated over the entire area again for 2014, with steadily high demand for topquality properties.

Price table Villa/Single-family house in CHF

Location

Winterthur

Pfannenstiel / Glattal

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

2.0 – 6.0 Mio

8‘500 – 11‘000

1‘000 – 1‘500

Good

1.5 – 2.0 Mio

7‘000 – 8‘500

800 – 1‘000

Ordinary

1.2 – 1.5 Mio

5‘500 – 7‘000

600 – 800

Prime

2.1 – 4.0 Mio

9‘000 – 12‘000

1‘200 – 1‘500

Good

1.5 – 2.1 Mio

8‘500 – 9‘000

1‘000 – 1‘200

Ordinary

1.2 – 1.5 Mio

6‘500 – 8‘500

900 – 1‘000

Trend

Zurich Oberland The location The Zurich Oberland is a relaxing residential area with good connections thanks to its constantly growing infrastructure. Whether mountain landscape vistas, idyllic living on the edge of the forest or lake views, the Zurich Oberland can offer your heart’s desire. Give free rein to your living ideas: there is something for everyone here, from a country house with garden to a modern loft apartment – infrastructure combined with wonderful scenery. The most desirable locations ■

■

Uster: top infrastructure amid a magnificent, varied landscape Pfäffikon ZH: wonderful, attractive location near the lake with excellent transport links

Market development In recent years, demand for property ownership in the Zurich Oberland has steadily increased. No decrease is anticipated in the near future, and the market will continue to remain stable. Locations with good infrastructure and which are close to natural surroundings are highly sought-after. Outlook Prices will continue to remain stable due to the region’s beautiful landscape, proximity to city centres and moderate property prices.

Price table Villa/Single-family house in CHF

Location

Zurich Oberland

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

2.2 – 4.0 Mio

8‘000 – 9‘500

1‘300 – 1‘800

Good

1.1 – 2.2 Mio

6‘000 – 8‘000

1‘000 – 1‘300

600‘000 – 1.1 Mio

4‘500 – 6‘000

350 – 1‘000

Ordinary

Trend

Principality of Liechtenstein Engel & Völkers Vaduz Heinz Senn Immobilien Herrengasse 7 LI-9490 Vaduz Phone: +423-231 30 03 Vaduz@engelvoelkers.com

The region and its special characteristics The Principality of Liechtenstein is a separate state bordering Switzerland to the west. One characteristic feature of Liechtenstein is the royal castle on a rock terrace above Vaduz, from where state authority is exercised in conjunction with the people. The industry and service sectors are the most pronounced, and many banks are based in Liechtenstein, also making it a financial metropolis. Around 38% of jobs are in the industrial sector. The region is becoming increasingly attractive thanks to its low tax rate. The capital city of Vaduz is a meeting place for numerous sectors including economics, politics, government, the population, sport and culture. The Liechtenstein region offers experiences in and around the Alpine area in both winter and summer. It has a varied range of hiking opportunities with approximately 400 km of hiking trails. A systematic focus on children led to Liechtenstein being awarded the stamp of quality ‘Familien Willkommen’. Liechtenstein is an inland city in central Europe, and the sixth smallest country in the world with a total area of 160 sqm. Only around 11% of this area is residential, home to 36,50018 inhabitants. Around a third of the population is originally from abroad. These foreigners are primarily Swiss, Austrian and German nationals. Liechtenstein has a well-developed transport network. A 9 km railway line is operated by the Austrian Federal Railways (ÖBB). This stretch connects the Feldkirch in Austria with Buchs in Switzerland. The Liechtenstein region also has good connections with other locations in Switzerland. Anyone looking for princely moments will find them in Liechtenstein.

Liechtenstein Office for Statistics 2013

Principality of Liechtenstein The location This small principality at the heart of the Rhine valley is still one of the most attractive and safest places on the planet to live and work. The beautiful mountain landscape is combined with an innovative economic and financial centre enjoying very low taxes compared to the surrounding nations. Its ideal location at the heart of the most important centres in Europe offers an extremely high quality of life with optimum transport connections. The most desirable locations ■

■

Vaduz: extremely high living conditions, museums, financial centre, princely residence Schaan: extremely attractive residential areas, combining urbanity with tranquility

Market development The property market in Liechtenstein is introverted, with only permanent residents able to purchase property. Low interest rates and foreign immigrants triggered brisk apartment construction activity which is now slowly levelling off. However, prospective buyers in prime locations are faced with a shortage of supply. Outlook More than 50% of the population are still renting, and brisk demand for affordable property ownership persists. However, prices remain at a high level.

Price table Villa/Single-family house in CHF

Location

Liechtenstein

Trend

Apartment CHF/m²

Trend

Plot of land CHF/m²

Prime

4. – 15.0 Mio

12‘000 – 20‘000

2‘000 – 5‘000

Good

3.0 – 10.0 Mio

10‘000 – 14‘000

1‘250 – 1‘650

Ordinary

1.0 – 4.0 Mio

7‘000 – 10‘000

950 – 1‘100

Trend

Engel & Völkers 44 Locations in Switzerland and Principality of Liechtenstin Engel & Völkers Residential Switzerland Poststrasse 26 · 6300 Zug Phone +41-41-500 06 06 Fax +41-41-500 06 07 switzerland@engelvoelkers.com www.engelvoelkers.ch

Flims Promenada 37 · 7018 Flims-Waldhaus Phone +41-81-911 33 82 Fax +41-81-911 33 85 flims@engelvoelkers.com www.engelvoelkers.ch/flims

Montreux Grand-Rue 82 · 1820 Montreux Phone +41-21-533 13 33 Fax +41-21-533 13 34 montreux@engelvoelkers.com www.engelvoelkers.ch/suisseromande

Aarau Kronengasse 2 · 5000 Aarau Phone +41-62-825 27 90 Fax +41-62-825 27 91 aarau@engelvoelkers.com www.engelvoelkers.ch/nordwestschweiz

Frauenfeld Freiestrasse 17 · 8500 Frauenfeld Phone +41-52-723 30 40 Fax +41-52-723 30 41 frauenfeld@engelvoelkers.com www.engelvoelkers.ch/frauenfeld

Murten Rathausgasse 21 · 3280 Murten Phone +41-26-655 10 30 Fax +41-26-655 10 31 murten@engelvoelkers.com www.engelvoelkers.ch/seeland

Ascona Piazza G. Motta 57 · 6612 Ascona +41-91-785 14 80 Phone Fax +41-91-785 14 85 ascona@engelvoelkers.com www.engelvoelkers.ch/ascona

Freienbach Seestrasse 67 · 8806 Bäch SZ Phone +41-43-888 11 11 Fax +41-43-888 11 12 zuerichseefreienbach@engelvoelkers.com www.engelvoelkers.ch/zuerichseefreienbach

Rapperswil Fischmarktstrasse 12 · 8640 Rapperswil Phone +41-43-210 92 20 Fax +41-43-210 92 21 rapperswil@engelvoelkers.com www.engelvoelkers.com/zuerichgoldkueste

Baden Vordere Metzggasse 6 · 5402 Baden Phone +41-56-200 88 77 Fax +41-56-200 88 70 baden@engelvoelkers.com www.engelvoelkers.ch/baden

Geneva Quai des Bergues 29 · 1201 Geneva Phone +41-22-716 22 66 Fax +41-22-716 22 67 geneva@engelvoelkers.com www.engelvoelkers.ch/suisseromande

Rheinfelden Marktgasse 43 · 4310 Rheinfelden Phone +41-61-813 37 33 Fax +41-61-813 37 34 rheinfelden@engelvoelkers.com www.engelvoelkers.ch/nordwestschweiz

Basel Grenzacherstrasse 4 · 4058 Basel Phone +41-61-666 62 00 Fax +41-61-666 62 01 basel@engelvoelkers.com www.engelvoelkers.ch/nordwestschweiz

Grenchen Marktstrasse 3 · 2540 Grenchen Phone +41-32-333 10 20 Fax +41-32-333 10 21 grenchen@engelvoelkers.com www.engelvoelkers.ch/seeland

Rorschach Hauptstr. 53 · 9400 Rorschach Phone +41-71-845 65 50 Fax +41-71-845 65 51 rorschach@engelvoelkers.com www.engelvoelkers.ch/rorschach

Bern Mettlengässli 2 · 3074 Muri b. Bern Phone +41-31-950 22 11 Fax +41-31-950 22 12 bern@engelvoelkers.com www.engelvoelkers.ch/bern

Gstaad Lauenenstrasse 19 · 3780 Gstaad Phone +41-33-655 65 05 Fax +41-33-655 65 06 gstaad@engelvoelkers.com www.engelvoelkers.ch/gstaad

Rüti Rapperswilerstrasse 7 · 8630 Rüti Phone +41-55-533 04 50 Fax +41-55-533 04 59 zuercheroberland@engelvoelkers.com www.engelvoelkers.ch/zuerich-oberland

Biel Hauptstrasse 59 · 2560 Nidau Phone +41-32-333 20 66 Fax +41-32-333 20 67 biel@engelvoelkers.com www.engelvoelkers.ch/seeland

Interlaken Höheweg 72 · 3800 Interlaken Phone +41-33-822 70 70 Fax +41-33-821 03 19 interlaken@engelvoelkers.com www.engelvoelkers.ch/interlaken

Schaffhausen Bachstrasse 13 · 8200 Schaffhausen Phone +41-52-630 70 10 Fax +41-52-630 70 11 schaffhausen@engelvoelkers.com www.engelvoelkers.ch/schaffhausen

Bülach Poststrasse 1 · 8180 Bülach Phone +41-43-500 38 38 Fax +41-43-500 38 39 zuerichnord@engelvoelkers.com www.engelvoelkers.ch/zuerichnord

Kreuzlingen Hauptstr. 64 · 8280 Kreuzlingen Phone +41-71-677 18 18 Fax +41-71-677 18 19 kreuzlingen@engelvoelkers.com www.engelvoelkers.ch/kreuzlingen

Scuol Porta 7 · 7550 Scuol Phone +41-81-860 37 42 scuol@engelvoelkers.com www.engelvoelkers.ch/scuol

Chur Masanser Str. 21 · 7000 Chur Phone +41-81-250 55 85 Fax +41-81-250 55 87 chur@engelvoelkers.com www.engelvoelkers.ch/chur

Küsnacht Oberwachtstrasse 6 · 8700 Küsnacht Phone +41-43-210 92 30 Fax +41-43-210 92 31 kuesnacht@engelvoelkers.com www.engelvoelkers.com/zuerichgoldkueste

Solothurn Friedhofplatz 5 · 4500 Solothurn Phone +41-32-322 13 13 Fax +41-32-322 37 37 solothurn@engelvoelkers.com www.engelvoelkers.ch/solothurn

Davos Promenade 83 · 7270 Davos Platz Phone +41-81-410 00 30 Fax +41-81-410 00 39 davos@engelvoelkers.com www.engelvoelkers.ch/davos

Liestal Kanonengasse 57 · 4410 Liestal Phone +41-61-666 62 06 Fax +41-61-666 62 07 liestal@engelvoelkers.com www.engelvoelkers.ch/nordwestschweiz

St. Gallen Spisergasse 23 · 9000 St. Gallen Phone +41-71-730 09 20 Fax +41-71-730 09 24 stgallen@engelvoelkers.com www.engelvoelkers.ch/stgallen

Dietikon Bremgartnerstrasse 11 · 8953 Dietikon Phone +41-43-500 25 25 Fax +41-43-500 25 26 limmattal@engelvoelkers.com www.engelvoelkers.ch/limmattal

Lugano Riva Paradiso 10 · 6900 Lugano-Paradiso Phone +41-91-980 42 60 Fax +41-91-980 42 59 lugano@engelvoelkers.com www.engelvoelkers.ch/lugano

St. Moritz Via Maistra 39 · 7500 St. Moritz Phone +41-81-837 51 51 Fax +41-81-837 51 50 stmoritz@engelvoelkers.com www.engelvoelkers.ch/stmoritz

Einsiedeln Hauptstrasse 28 · 8840 Einsiedeln Phone +41-55-412 71 56 Fax +41-55-412 71 58 zuerichseefreienbach@engelvoelkers.com www.engelvoelkers.ch/zuerichseefreienbach

Lucerne Rathausquai 10 · 6004 Lucerne Phone +41-41-410 66 91 Fax +41-41-410 66 92 luzern@engelvoelkers.com www.engelvoelkers.ch/luzern

Thalwil Gotthardstrasse 26 · 8800 Thalwil Phone +41-44-533 12 12 Fax +41-44-533 12 13 thalwil@engelvoelkers.com www.engelvoelkers.ch/zuerichseethalwil

Thun Obere Hauptgasse 40 · 3600 Thun Phone +41-33-227 30 00 Fax +41-33-227 30 09 thun@engelvoelkers.com www.engelvoelkers.ch/thun

Winterthur Obertor 7 · 8400 Winterthur Phone +41-43-500 64 64 Fax +41-43-500 64 65 winterthur@engelvoelkers.com www.engelvoelkers.ch/zuerichnord

Vaduz Herrengasse 7 · LI-9490 Vaduz Phone +423-231-30 03 Fax +423-231-30 04 vaduz@engelvoelkers.com www.engelvoelkers.li

Zug Neugasse 15 · 6301 Zug Phone +41-41-728 77 11 Fax +41-41-728 77 10 zug@engelvoelkers.com www.engelvoelkers.ch/zug

Wallisellen Opfikonerstrasse 1 · 8304 Wallisellen Phone +41-43-500 68 68 +41-43-500 68 69 Fax wallisellen@engelvoelkers.com www.engelvoelkers.ch/zuerichnord

Zürichberg Gemeindestrasse 51 · 8032 Zurich Phone +41-43-210 92 40 Fax +41-43-210 92 41 zuerichberg@engelvoelkers.com www.engelvoelkers.com/zuerichgoldkueste

Weinfelden Pestalozzistrasse 4 · 8570 Weinfelden Phone +41-71-633 30 00 Fax +41-71-633 30 01 weinfelden@engelvoelkers.com www.engelvoelkers.ch/weinfelden

Zurich Paradeplatz Claridenstrasse 43 · 8002 Zurich Phone +41-43-888 11 22 Fax +41-43-888 11 23 zuerichparadeplatz@engelvoelkers.com www.engelvoelkers.ch/zuerichparadeplatz

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Solothurn Grenchen

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Winterthur

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Bern Murten

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ENGEL & VÖLKERS · Switzerland Engel & Völkers Wohnen Schweiz AG Master Licence Partner of ENGEL & VÖLKERS Residential GmbH, Hamburg Poststrasse 26 · CH-6300 Zug Phone +41-41-500 06 06 · Fax +41-41-500 06 07 www.engelvoelkers.ch