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Pandemic increases demand for second homes in Switzerland

Summary:
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

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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.com

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

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