The luxury real estate market in Geneva
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If Geneva is known for its cosmopolitan and urban side, it is also known for its luxury real estate offer. From small contemporary apartments to prestigious villas, prices are very high and demand is strong.
Indeed, buyers come from all over the world to invest in this market which remains stable despite the economic turmoil. Here is an overview of luxury real estate prices in Geneva.
The price of luxury real estate in the canton of Geneva
The canton of Geneva is home to some of the most expensive real estate in Switzerland Many apartments and houses in the region are prestigious, and the prices reflect this.
In recent years, the average price of a luxury apartment in the canton of Geneva has exceeded CHF 4,000,000, and the average price of a luxury home has been over CHF 8,200,000. These prices are out of reach for most people, as they represent only about 10% of the real estate market in the canton of Geneva.
The luxury real estate market in the city of Geneva
Geneva is known to be one of the most expensive cities in the world, and this is especially true when it comes to real estate. These prices are justified because Genevans enjoy a high quality of life with access to world-class amenities.
If you are looking for a luxury property in the city of Geneva, here are some of the trends in this type of property.
A luxury apartment in the city of Geneva is often negotiated at a price above CHF 5,000,000 and a price per square meter of around CHF 22,640, while a house is usually priced above CHF 8,500 with a price per square meter of CHF 21,500.
These prices are not yet the highest encountered in the canton of Geneva. 2 communes in the immediate vicinity of the capital are considered as the heart of luxury in this Swiss region: Vandoeuvres and Cologny
Prestigious properties in Vandoeuvres
The prestigious municipality of Vandoeuvres is indeed home to some of the most expensive properties in the world, and buyers are willing to pay top dollar for the privilege of living here.
The average price per square meter of luxury real estate in Vandoeuvres now exceeds CHF 26,000 for an apartment or a house.
Thus, you can find a 5-room, 3-bedroom apartment for sale in Vandoeuvres starting at CHF 5’500’000. For a prestigious house with 8 rooms and 5 bedrooms, consider a minimum price of CHF 14’000’000.
Cologny, the township overlooking Lake Geneva
Cologny is a small picturesque town bordering the city of Geneva It is known for its luxury real estate, as well as for its incredible view of the Swiss lake.
The 10% of the most expensive properties in Cologny exceed CHF 10,000,000, whether it is an apartment or a house. The price of a house is even higher, as a minimum of CHF 18,000,000 is required for 7 rooms and 4 bedrooms.
The services expected from a luxury property in Geneva, Switzerland
When it comes to luxury real estate, Switzerland is often at the top of the list Geneva, in particular, is known for its high-end properties. But what exactly can buyers expect when purchasing a luxury property in Geneva?
The lake view
What could be more perfect than waking up every morning to a breathtaking view of Lake Geneva? That’s exactly what you can expect when you buy a luxury apartment in Geneva.
Many of the city’s high-end properties offer incredible views of Lake Geneva from several rooms, including the bedrooms, or the terrace. This view is one of the most sought-after features for buyers of luxury properties in Geneva.
Bathrooms in all rooms
Another feature often included in luxury apartments and houses in Geneva is a bathroom in every room This allows residents to have the privacy and convenience of their own bathroom, no matter which room they sleep in.
In addition, these bathrooms are usually quite spacious and may even include features such as a Jacuzzi or steam room.
A property located near the center of Geneva
For many buyers, one of the most important features of a luxury property is its location. And luxury real estate in Geneva does not disappoint
Most of the city’s high-end properties are located near the center, giving residents easy access to everything Geneva has to offer Whether it’s shopping, dining or nightlife, it’s all within easy reach.
The indoor pool
Another feature of luxury real estate in Geneva is an indoor pool These pools are perfect for relaxing or entertaining, and can be enjoyed year-round.
In addition, many of these prestigious properties also have a fitness center or gym, allowing residents to stay in shape without having to leave their homes.