Rents and prices for residential property in the canton of Glarus remain on an upward trend
The prices of owner-occupied flats in the canton of Glarus have continued to rise this year. Asking rents also increased year-on-year. These are the findings of a report by Glarner Kantonalbank and Wüest Partner AG. It assumes that the upward trend will continue.
“Canton Glarus remains a popular residential region”, writes Glarner Kantonalbank in a press release on the 2024 property market report for the canton of Glarus. It was compiled by the cantonal bank in collaboration with Wüest Partner AG from Zurich. The report shows the current trends and forecasts how rents and prices for residential property will develop in the canton.
The housing market in the canton of Glarus is currently characterised by stable demand and a short supply. As a result, prices for condominiums have continued to rise. Specifically, they were up 2.1 per cent year-on-year in the second quarter of 2024. At the same time, prices for single-family homes fell slightly year-on-year. However, according to the experts at Kantonalbank and the real estate service provider, the recent fall in interest rates will continue to stimulate demand for residential property. They therefore expect the slight upward trend to continue.
The experts have observed a 4.5 per cent increase in rents over the past year. However, they should “remain stable for the time being” following the latest increases in April, according to the report. The full report can be viewed on the Kantonalbank website.