The Real Estate Market Report for the canton of Glarus was released by Glarner Kantonalbank AG in collaboration with Wüest Partner AG.
The report provides insights into the current trends and future forecasts of the real estate market in the region. It highlights the stable demand and limited supply of residential properties, particularly those in excellent condition. The cautious approach to new developments has resulted in a tight market.
While the pace of home price increases has moderated after interest rate hikes in 2022, falling interest rates have rekindled demand, especially for condominiums. Traded condominium prices are steadily increasing, while median single-family house prices exhibit greater volatility.
Advertised residential rents have increased due to the dwindling supply of rental apartments and low construction activity relative to the growing population. The report suggests that rents for existing tenancies may stabilize in the near term.
The rental market is also expected to experience upward pressure on prices due to population growth and tight supply.
The report predicts that Glarus will remain a desirable residential region, with limited new builds entering the market and supply constraints supporting an upward trend in residential property prices.
The detailed findings of the Real Estate Market Report 2024 can be accessed online for stakeholders to stay informed about the evolving dynamics of the Glarus real estate market.