In the owner-occupied home market, interest in additional living space, such as separate office space for homeworking or space for a home gym or game rooms etc., is on the rise. However, given the lack of affordability, such real estate is primarily available away from urban centers. In addition, the place of work and place of residence are becoming increasingly decoupled, reinforcing the distribution of demand for properties outside of urban centers. Regions that were not previously within classic commuter zones can also benefit from this trend. The Lower Valais, the Rhine Valley around Chur and the Lake Constance region are likely to become even more attractive thanks to their relatively low total housing costs at the present time.
Conversely, demand in the agglomerations will decline somewhat since the typical commuter communities will lose their appeal as proximity to urban centers and the workplace becomes less important. For very remote regions, there should be relatively little change. A commute of two hours or more to the place of work is too big a hurdle for the vast majority of employees, even if working some of the time from home.
Owner-occupied homes continue to represent attractive long-term investments. Overall, prices will therefore continue to rise in 2021, albeit at a slightly slower rate than in the previous year. Single-family homes in particular enjoyed strong demand, making a significant contribution to this price increase.