Comparison of the last 5 Q1 periods
Despite a generally favourable environment, marked by several successive key rate cuts by the SNB and significant capital inflows into income-producing real estate, the Geneva market started 2025 with only moderate momentum. Over the first quarter, 30 transactions were recorded for a total invested volume of around CHF 285 million, down from Q1 2024, which had seen nearly CHF 419 million for a similar number of transactions. The largest transaction, of approximately CHF 42 million, concerns the acquisition by an operator of a recently delivered senior residence within the Parc des Crêts in the municipality of Troinex.
The commercial property segment saw only three transactions, with an invested volume of around CHF 36 million, representing 13% of total volume – a sharp decline compared with the past two years. These shares stood at around 51% in 2024 and 72% in 2023. This contraction is mainly explained by the current acquisition strategies of many investors, who are heavily focused on residential real estate.
On the buyer side, real estate companies and institutional investors together account for 88% of the total invested volume. Conversely, no private individual has been a direct buyer, even though private owners remain the main sellers, with 14 transactions observed.
It is worth noting that the beginning of the second quarter appears to be showing stronger momentum, with CHF 250 million invested across nine transactions in the month of April alone.
