Upper Engadine real estate market: Prices for second homes increased significantly once again.

Upper Engadine real estate market: Prices for second homes increased significantly once again. The uniqueness of the high valley was once again impressively underlined with price increases for condominiums since the outbreak of the pandemic in 2020 of between 20 percent and 40 percent, depending on the municipality in the Upper Engadine. Domestic demand has risen sharply in recent years, the supply of properties for sale is very limited in all market segments and the supply quotas are correspondingly low.

Date

20.12.2022

Author

gin001-s

Per square meter of living space, upscale condominiums in S-Chanf cost CHF 12,000, in Bever and Madulain CHF 14,000, in Samedan CHF 16,000, in Zuoz CHF 17,000, in La Punt Chamues-Ch CHF 17,000, in Sils, Celerina and Pontresina CHF 20,000, in Silvaplana CHF 22,000 and in St. Moritz CHF 25,000. For luxury apartments, the price range increases by several thousand francs per square meter in all municipalities. The trend for single-family homes is comparable. The exception is the Suvretta slope in St. Moritz, where very luxurious properties cost up to CHF 75,000 or even more – an absolute peak value in Switzerland.

Ginesta Immobilien assumes that the current excess demand will continue in the future and that transaction prices will therefore remain high in the coming months and continue to rise slightly in the months ahead. Franco Giovanoli, head of the St. Moritz office of Ginesta Immobilien, confirms: “The pandemic and its consequences have further increased the appeal of second homes. We therefore expect prices to continue to rise.” Further information can be found in the reports on the Upper Engadine real estate market.

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