Prices for property in Bern remain on an upward trend
Rents and prices for flats and houses in the canton of Bern are currently around 3.3 per cent higher than in the previous year. This is due to population growth and low new construction activity. These are the findings of the Berner Kantonalbank's property barometer.
“Living in the canton of Bern remains expensive” is the headline of the Berner Kantonalbank(BEKB)’ s latest property barometer. It is compiled every six months by BEKB in collaboration with the Zurich-based property service provider IAZI. According to the autumn 2024 edition, prices for flats and houses in the canton of Bern have risen by 3.3% year-on-year.
Asking rents are also on an upward trend. The experts at BEKB and IAZI point to strong population growth in the canton coupled with low new construction activity as the background to rising rents and prices on the housing market. “The unemployment rate in the canton remains at a historically low level and the number of job vacancies is steadily increasing,” the press release also states. As long as this remains the case, the housing market is not expected to ease.
Within the individual regions of the canton, experts have observed a normalisation of price dynamics in tourist regions. Prices in the Oberland regions and especially Obersimmental-Saanen have been strongly driven by the second-home market in recent years. A stabilisation was registered here at the end of the third quarter of 2024. In Oberaargau, on the other hand, prices rose by an average of 3.9 per cent year-on-year. The experts attribute this to a shift in demand for residential property to regions with comparatively moderate price levels.