Switzerland is no longer spared.
It is no longer reasonable today to observe climate change from afar. It is happening here and now. In 2021, torrential rain dumped 40 litres per square metre in just 30 minutes in Aarau. That same year, roofs in Lucerne were damaged by golf-ball-sized hailstones. Not to mention the strong winds that, in 2023, caused serious damage in La Chaux-de-Fonds. Such events illustrate that global warming is already impacting the Swiss real estate market, as it is worldwide.
Additional pressure on property owners.
Beyond extreme weather, rising temperatures will also affect comfort levels. In densely urbanised areas, some homes could become unbearably hot during summer, causing discomfort for residents. While this currently does not influence sale prices or rents, future regulations may impose maximum indoor temperatures, similar to existing minimum temperature requirements. Such rules could lead to additional costs for air conditioning or improved insulation.
Thorough evaluation before purchase.
Is your prospective property safe from floods or landslides? Will it remain comfortable during heatwaves? Modern appraisal software already integrates exposure to these emerging risks into property valuations. Climate considerations are therefore set to become a standard factor in the real estate market. Your Plus advisor can help you anticipate all these parameters, ensuring that your investment today remains a sound decision for years to come.
