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Date
14.7.2026
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Second homes are a divisive issue. For some, they represent “empty beds,” a shortage of living space, and rising prices. For others, they are a place of retreat, a family anchor, and a piece of home. Graubünden, in particular, illustrates just how complex this issue is.
Hardly any other region in Switzerland is as heavily characterized by second homes as the Engadin. In many municipalities, they have accounted for well over half of the total housing stock for years, thereby shaping both the real estate market and the character of the towns. Since the Second Home Act took effect in 2016, municipalities with a second-home share exceeding 20 percent are generally no longer permitted to approve new second homes. The market has shrunk dramatically since then. The goal was clear: to curb the unchecked construction of new vacation homes and relieve pressure on mountain regions.
Yet demand for home ownership in the mountains remains strong. Supply, on the other hand, is barely growing. As a result, second homes have become a scarce commodity.
This is no longer just about vacations. Thanks to remote work and more flexible work models, second homes are now used more frequently and for longer periods of time. They often serve as a retreat, a workplace, and the center of family life all at once. A second home is therefore rarely just an investment. It combines wealth with emotions, memories, and quality of life.
But life circumstances change, too. Children grow up, priorities shift, and trips to the mountains become less frequent. What once made countless vacations together possible suddenly stands empty more and more often. A once-vibrant quality of life turns into cold, empty beds. In moments like these, it’s worth taking an honest look at where you stand. Every second home deserves the question: Does it still fit into your current life? After all, the market currently offers attractive conditions for owners.
Decisions like these deserve more than just a market valuation. They require experience, tact, and a deep understanding of the regional market. Anyone wondering whether the time is right to sell should first gain clarity on the property’s value as well as the opportunities available today. After all, sometimes a new chapter begins precisely when you’re ready to let go of another.
We would be happy to provide you with personalized, expert advice with no obligation. An initial consultation is free of charge; we look forward to hearing from you.
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