The Basel region, consisting of the two half-cantons of Basel-Stadt and Basel-Land, is a central hub for culture, business and science in Switzerland. The region is characterized by its high quality of life, excellent infrastructure and strong economy. These factors naturally also influence the real estate market, which is showing interesting developments for both buyers and tenants.
Real estate prices in Basel-Stadt in 2024
In Basel-Stadt, the urban heart of the region, real estate prices have fallen slightly over the last 12 months. Prices for properties for sale have fallen by -0.95%.
Houses in Basel-Stadt: The price per square meter for houses is currently CHF 9,431, which corresponds to a decrease of -4.45%. This decline may reflect an adjustment of the market to the changed economic conditions.
Apartments in Basel-Stadt: The average price per square meter for apartments is CHF 10,659. There was a moderate decline of -0.49% here. Despite this slight decrease, Basel-Stadt remains one of the more expensive regions for housing in Switzerland. The price range for apartments extends from CHF 6,395 to CHF 14,922 per square meter, depending on location and amenities.
Life science industry as a driver of the real estate market in Basel
The international orientation and economic strength of life science companies have made Basel one of the most sought-after regions for real estate investments. These companies not only create numerous jobs, but also contribute to an increase in the quality of life and stability in the region, which in turn influences real estate values. New residential projects and renovations of existing properties are increasingly tailored to the needs of the growing life science community.
Real estate prices in Basel-Land in 2024
Basel-Land, which comprises the more rural and suburban areas around Basel, also shows a slight fall in real estate prices.
Houses in Basel-Land: The average price per square meter for houses is currently CHF 8,476. This corresponds to a decrease of -1.85%. The price range here is between CHF 5,086 and CHF 11,866 per square meter, which is a slightly cheaper alternative to Basel-Stadt.
Apartments in Basel-Land: Prices for apartments have also fallen slightly, with a decrease of -0.44%. The current price per square meter is CHF 8,384. The price range extends from CHF 5,031 to CHF 11,738 per square meter.
Conclusion: What do these developments mean?
The price declines in both regions are comparatively moderate, which indicates that the market is easing somewhat but remains stable. Basel-Stadt remains more expensive than Basel-Land, which is particularly relevant for those looking for a property in an urban location. Basel-Land, on the other hand, offers a slightly cheaper alternative without having to sacrifice proximity to the city.
Buyers now have the opportunity to analyze the market thoroughly before prices go up again. Sellers should be aware that market conditions are currently stable but slightly declining and take this into account when setting prices.
Whether buying or selling, a sound property valuation and advice from a local expert are essential in this complex market situation. This can help you make the right decision and get the best value from your investment.
Data are without guarantee. The information on these Internet pages has been carefully researched. Nevertheless, no liability can be accepted for the accuracy of the information provided