Montreux: a dynamic real estate market
In 1961, the village of Châtelard and the locality of Les Planches united. This is how the town of Montreux was born. Located in the canton of Vaud in Switzerland, it covers 33.37 km² and had 26,006 inhabitants in 2018. It is the 3rd largest municipality in the canton.
What about the rental market?
In January 2021, the average rent per m² is CHF 310 for an apartment and CHF 286 for a house. Thus, the average monthly rent in the municipality of Montreux is CHF 1,700 for an apartment and CHF 3,850 for a house.
Note that the average price of a monthly rent for a house with 7 or 8 rooms is lower than that of houses with 5/6 rooms (3,850 CHF for a house with 7 rooms compared to 4,750 CHF for a house 5 pieces). This can be explained by the supply and demand market.
This is not the case for apartments, which follow a constant price progression according to their surface area. On average, the monthly rent for a studio is CHF 1,000, CHF 1,448 for a 2-room apartment, CHF 1,820 for a 3-room apartment…
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The real estate market
Regarding the sale market, the average price of a house is CHF 2,427,500. On average, the m² of a house costs CHF 10,817. In the same way as for the rental market, a house with 7 rooms sells on average for less than a house with 6 rooms.
For apartments, things are different. As in many places, the price per m² of a studio is very high compared to properties with a larger area. A studio sells for an average of CHF 790,000 compared to CHF 600,000 for a 3-room apartment.
Finally, in general, an apartment sells for an average price of CHF 1,150,000 with an average price per m² of CHF 9,835 / m².
Buying a property in Montreux
Currently, there are 124 houses for sale in Montreux and 332 apartments. For rental, there are 24 houses for rent and 428 apartments. The most expensive districts of Montreux are those bordering Lake Geneva and that of Bosquets-de-Julie.
There are luxurious properties there. If you are a non-Swiss resident, you should know that it is difficult to acquire real estate, because many authorizations are to be requested. However, if you want to invest in Montreux for a second home, it is possible.
In Montreux, the share of main residences is 70.3% against 29.7% for secondary residences. There is also a very high percentage of people who own their main residence. They are 84.6% to be against 7.7% of tenants.
This shows the popular and affluent side of the town.
If you want to sell your property in Montreux, you can call on Este Home, your specialist partner in the area.
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