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Market report 2026 Chur
Interesting facts about the real estate market
- Top prices for residential property
- Few single-family homes on the market
- Low level of new construction activity
THE REGION AT A GLANCE
Urban living remains a trend
Central function strengthens the real estate market
Almost 42,000 people live in the cantonal capital of Chur, including the integrated municipalities of Maladers, Haldenstein and Tschiertschen-Praden. The median taxable income of around CHF 49,000 is 10 % above the cantonal average and thus corresponds almost exactly to the national average. The good quality of the location with a wide range of jobs, a moderate tax burden and good accessibility for the mostly commuting workforce – particularly within the city of Chur as well as in the directions of Ems and Landquart and partly also to Zurich and St. Gallen – contributes to its attractiveness as a place to live. Overall, the population in Chur has only changed slightly in the last ten years, except in the merger years 2020, 2021 and 2025.
Further rise in residential property prices
Transaction prices for single-family homes have risen at an above-average rate over the last ten years. This upward trend flattened somewhat with the end of the pandemic and the rise in the SNB key interest rate. Prices rose again last year. The increase in the condominium segment was also somewhat slower in 2024, but has recently picked up again significantly. Since the turn of the millennium, prices for single-family homes have appreciated by 140 %, while prices for condominiums have risen slightly more at 150 %. Transaction times have fallen slightly again in recent quarters, while demand for residential property remains high.
| Chur figures | |
|---|---|
| Population | |
| Inhabitants (incl. Haldenstein, Maladers and Tschiertschen-Praden) | 41’713 |
| Annual growth rate | +0.6 % |
| Percentage of foreigners | 24.0 % |
| Real estate market (residential properties) | 22’197 |
| Share of rental apartments | 73.9 % |
| Share of condominiums | 16.0 % |
| Share of single-family homes | 10.1 % |
| Residential units with building permits | 181 |
| In apartment buildings | 176 |
| In detached houses | 5 |
Residential property: transaction price development (index 1st quarter 2000 = 100); sources: Ginesta, Wüest Partner
Home ownership is in demand
Above-average building land prices
The urban quality is reflected in the real estate portfolio, which in Chur consists of an above-average number of smaller rental apartments and a small number of single-family homes. At just over 25 %, the home ownership rate in Chur is rather low, whereas on the left bank of the Rhine in the Haldenstein district it is above average at over 50 %. The proportion of second homes in the newly merged municipality of Tschiertschen-Praden is over 70 %. Building land for single-family homes in Chur costs over CHF 2,000 per square meter in upmarket locations and CHF 2,500 or more in very good locations.
Average sales prices of more than CHF 9,000 per square meter of living space are achieved for single-family homes in the mid-range segment. In the high-end segment, prices are around CHF 12,500, and luxury properties in Chur cost significantly more than the cantonal average at CHF 15,000 or more per square meter. For an upmarket condominium, CHF 10,000 to CHF 11,000 per square meter must be expected, and for luxury properties more than CHF 12,000. These prices are only comparable with the cantonal values to a limited extent, as the numerous second-home transactions at very high prices in the well-known winter sports resorts create a distorted picture.
Real estate prices (bandwidths); sources: Ginesta, Wüest Partner
Continued low supply quotas
For us, the markets are intact and efficient up to a supply quota of 6-8 %. It should be noted that this criterion is met in all market segments in the Chur region. In the case of single-family homes, the ratio has been trending sideways at a low level for several quarters and, following a slight increase, currently stands at 1.8 %. In contrast, the rate for owner-occupied apartments has fallen slightly to around 3.0 %. In the rental apartment segment, the supply rate has stabilized in a range of 2.0 % to 2.5 % in recent quarters and is currently almost unchanged at a low 2.5 %. In the future, supply is likely to be influenced only slightly by the construction of apartments. A noticeable increase in supply is not expected.
Supply ratio (number of properties on offer in relation to the portfolio); sources: Ginesta, Wüest Partner
Outlook: Market consolidates at a high level
The positive market changes in recent years, with transaction prices rising sharply in some cases, particularly from 2020 to 2023, went hand in hand with the overall economic development. After the rise in transaction prices flattened out somewhat after the pandemic, it has recently been steeper again than in the previous year. The reasons for this could include the significantly more attractive interest rate situation or the reallocation of profits from shares and cryptocurrencies into real estate. In addition, the low supply compared to the consistently high demand is supporting the price trend. The extent to which the abolition of the imputed rental value will have an impact can only be assessed in a few years’ time. We therefore expect market prices to rise moderately in the coming months, in line with the trend of recent quarters. Overall, the Chur region therefore remains an attractive market for residential property.
Disclaimer: The information contained in this report is for general market commentary purposes only. This document may not be reproduced in whole or in part without the written permission of Ginesta Immobilien AG. Copyright Ginesta Immobilien AG 2026 Sources: Ginesta, Office for Spatial Development (proportion of second homes); graphics: Wüest Partner, Ginesta (data as at 4th quarter 2025); figures: Wüest Partner, Federal Statistical Office (population and housing stock, data as at 2024), Infopro Digital Switzerland (building permits up to 4th quarter 2025).