Property prices in Aargau continue to rise at an above-average rate
In the canton of Aargau, prices for residential property have risen by 4.6 per cent year-on-year and asking rents by 4.7 per cent. According to the latest property barometer from Aargauische Kantonalbank, population growth and stagnating construction activity are the main drivers of this development.
The property market in the canton of Aargau continues to record an above-average increase in value. As the latest real estate barometer from Aargauische Kantonalbank shows, prices for residential property have risen by 4.6 per cent and asking rents by 4.7 per cent. “The canton’s strong appeal as a place to live is reflected in sharply rising property values,” say the experts at AKB.
Aarau/Seetal and Rheinfelden/Fricktal in the lead
Particularly significant price increases were recorded in the regions of Aarau/Seetal with a 5.1 per cent rise in house prices and Rheinfelden/Fricktal with a 6.1 per cent increase in condominiums. In most municipalities in the canton, buyers now have to pay more than CHF 1 million for a detached single-family home, and prices are even higher in the catchment areas of the surrounding major centres.
Increased level with falling vacancy rate
The rents on offer have also risen sharply. The average rent for a modern 4.5-room flat is between CHF 2,200 and 2,300, excluding ancillary costs. The canton-wide vacancy rate is comparatively low at 1.3 per cent, which indicates high demand with limited supply.
Prices set to rise further
AKB property experts assume that both residential property prices and asking rents will continue to rise. The reasons for this are:
- Strong population growth in the canton of Aargau
- Stagnating construction activity, which limits supply
- Expected reductions in key interest rates, which will make property investments more attractive
The combination of high demand, limited supply and economic conditions will ensure that the Aargau property market remains dynamic in the future. Both buyers and tenants should be prepared for further price increases.