The Nidwalden residential property market remains solid. While the price increase for single-family homes last year was a modest 1.9% (nationwide +3.5%) compared to previous years, the market for condominiums in the canton was significantly more dynamic. Prices in this segment have risen by 3.7%, matching the national average (also +3.7%).
The value development is positive and confirms the high attractiveness of the residential area. As noted by the real estate experts at IAZI AG, the regional market remains so far unaffected by global uncertainties and subdued economic prospects. Real estate benefits from its value stability in the current volatile environment and is considered a safe investment. At the same time, relatively favourable financing conditions support the demand for residential property and alleviate ongoing housing costs.
"The high demand and limited supply continue to support price development, even though the market for single-family homes has somewhat calmed down," summarizes Rico Weber, Head of Private & Corporate Clients and member of the Executive Board of Nidwaldner Kantonalbank.
How the Nidwalden real estate market develops in the medium term mainly depends on the general demand trend, which is shaped by the canton’s export-oriented economy, the labour market situation, and immigration of various population groups.
NKB
Homeownership Index
Commissioned by NKB, the real estate consultancy IAZI AG (Information and Training Centre for Real
Estate) compiles the NKB Homeownership Index semi-annually. The index calculation is based on
anonymized data on actual property transfers provided by IAZI AG. The report is available online at
www.nkb.ch/eigenheimindex.