Glarner Kantonalbank has released its Real Estate Market Report for 2024, which was developed in collaboration with Wüest Partner AG.
The report provides a comprehensive analysis of the real estate market in the canton of Glarus, focusing on current trends and future forecasts.
It highlights the stable demand for housing and the limited supply of residential properties, particularly those in excellent condition.
The report mentions the restrained pace of new residential construction, which has not kept up with the increasing population.
This has resulted in a shortage of available housing options.
The dynamics of the market have changed due to interest rate hikes in 2022, but a recent decline in interest rates has led to increased demand and a steady rise in the prices of traded condominiums.
The report discusses trends in residential property prices and the rental market.
It notes fluctuations in median prices for single-family homes and a significant increase in advertised residential rents.
Looking ahead, the report predicts that the canton of Glarus will continue to be an attractive residential region, with the limited supply of new builds supporting an upward trend in residential property prices.
The report also anticipates further increases in advertised rents for rental apartments.
Overall, the findings suggest that the real estate market in Glarus is expected to experience continued growth, driven by favorable financing conditions and persistent demand for housing.
Stakeholders, including potential buyers and investors, will need to navigate the complexities of a market characterized by tight supply and fluctuating prices.
The detailed report, accessible online, provides valuable insights for those interested in the real estate landscape of the canton.