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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.
Editor's note: Image rights belong to the respective publisher.
The Nidwaldner Kantonalbank (NKB) with its headquarters in Stans was founded in 1879. As a locally rooted universal bank, it focuses on savings, mortgage, credit, investment, and retirement business. Professional services, modern products, and intelligent solutions are success factors for growing together with the customers. Comprehensive customer service and needs-oriented advice are paramount.
Additionally, the Nidwaldner Kantonalbank is strongly committed to the diverse and economic development of the Canton of Nidwalden. It takes joint responsibility for this. NKB fulfills this role as a financial partner to commerce and trade, as an employer, as a sponsoring partner for numerous events and clubs, and through annual deliveries to the canton.
Note: The "About Us" text is taken from public sources or from the company profile on HELP.ch.
Source: Nidwaldner Kantonalbank, Press release
Original article published on: Nidwaldner Wohneigentumsmarkt bleibt stabil: Preise steigen weiter