Geneva, continues to expand its housing stock to meet the growing demand for residences in this dynamic city. The year 2022 was marked by an exceptional achievement, with over 3,000 new homes built for the second consecutive year, an unparalleled performance since the 1970s. In this article, we present the latest figures on the expansion of the Geneva real estate market, highlighting the key areas of development. Discover how Geneva is preparing to welcome new residents and how it can influence the rental market.
Geneva and its real estate boom: The year 2022 was memorable for the Geneva real estate market as it reached a historic milestone by surpassing the threshold of 3,000 new homes for the second consecutive year. This achievement had not been reached since the era of major architectural complexes such as Le Lignon, Les Avanchets, and Cité-Nouvelle in the 1970s. As a result, the housing stock in Geneva now stands at 245,966 units (as of the end of 2022), offering a diverse range of choices for future residents.
Development hotspots: Among the various municipalities in Geneva, Thônex stands out with its extensive housing stock, totaling 737 units. Some of these homes were delivered as part of the Communaux d’Ambilly project, which offers a modern and attractive living environment. The municipality of Vernier is also making progress, with the addition of 409 homes, particularly in the Étang district. Finally, the City of Geneva is also home to numerous smaller-scale projects, such as the Allières or Frontenex neighborhoods, contributing to the expansion of the real estate market.
Outlook for property owners: This constant expansion of the Geneva housing stock offers numerous opportunities for property owners looking to rent out their properties. With a growing rental demand due to Geneva’s attractiveness as an economic and cultural hub, short-term rentals through platforms like Airbnb are becoming an interesting option. However, it is essential to familiarize yourself with local regulations, offer quality accommodations, and provide an exceptional customer experience to stand out in the competitive rental market.
Conclusion: Geneva continues to develop at a rapid pace, with the construction of new homes reflecting the increasing demand in this prosperous city. Property owners now have the opportunity to participate in this expansion by renting out their properties on popular accommodation platforms. However, it is crucial to stay informed about market trends and adapt to tenant expectations to ensure a successful rental experience.
EN 
FR