The Valais real estate market is currently experiencing a surge, with property prices expected to rise sharply in 2024. Inflation in the canton is outpacing both the Swiss average and the historical average over the past decade, leading to an increase in rents due to a tightening supply of available properties.
The anticipated acceleration in property prices is driven by declining interest rates and robust demographic growth. The demand for condominiums is particularly high, as the supply continues to decrease. Villas are also seeing significant price appreciation. Single-family homes in Valais have outperformed those in neighboring cantons.
While office rental prices in Switzerland are declining, the rental market in Valais remains stable. Housing rents are on the rise due to a shortage of available units. Factors contributing to this dynamic include lower mortgage interest rates and robust population growth.
Looking ahead, the combination of population growth, a strong job market, and economic resilience is expected to sustain demand for owner-occupied homes in Valais. Further cuts in the key interest rate are anticipated, potentially leading to continued increases in property prices and rents. The Valais real estate market presents a compelling opportunity for investors and homebuyers, particularly in light of the significant regional disparities in property values. The interplay of demographic trends and economic factors will play a crucial role in shaping the future of the Valais real estate market.