Demand for second homes has risen since restrictions related to coronavirus were loosened, according to real estate company Wüest Partner. © Roland Van Der Meeren | Dreamstime.comThe option of remote working appears to be encouraging some to trade time in central city locations for more time in Alpine resorts, the countryside, commuter regions and smaller cities. The prices of second homes have risen 3.6% over the last 12 months, according to firm. Demand for independent houses in smaller cities, such as Fribourg, Neuchâtel and Sion, have risen too. Over the longer term a trend towards less commuting and more remote working is possible. As proximity to work becomes less important, homes in commuter regions could become more attractive. A return to nature could reinforce a
Topics:
Investec considers the following as important: Business & Economy, Editor's Choice, Property, Swiss realestate prices
This could be interesting, too:
Investec writes Swiss National Bank to issue new money
Investec writes End of lifelong widows’ pensions moves closer to reality
Investec writes Swiss government deficit shrinks further
Investec writes Swiss government wants to invest more in bomb shelters
Demand for second homes has risen since restrictions related to coronavirus were loosened, according to real estate company Wüest Partner.
The option of remote working appears to be encouraging some to trade time in central city locations for more time in Alpine resorts, the countryside, commuter regions and smaller cities.
The prices of second homes have risen 3.6% over the last 12 months, according to firm.
Demand for independent houses in smaller cities, such as Fribourg, Neuchâtel and Sion, have risen too.
Over the longer term a trend towards less commuting and more remote working is possible. As proximity to work becomes less important, homes in commuter regions could become more attractive. A return to nature could reinforce a preference for holiday and leisure activities, intensify domestic consumption and increase demand for secondary residences, estimates the firm.
If such a shift takes hold it could reinforce the shift away from high street retail towards online shopping and put negative pressure on commercial property prices.
More on this:
Wüest Partner report (in French) – Take a 5 minute French test now
For more stories like this on Switzerland follow us on Facebook and Twitter.