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Carouge: Real estate price explosion – the city of millionaires!
Find out why Carouge GE has become a real estate hotspot: price increases of over 345% and limited availability.
Carouge: Real estate price explosion – the city of millionaires!
Carouge in the canton of Geneva has developed into one of the most sought-after places to live in Switzerland over the last 25 years. Loud Trade newspaper the municipality has recorded a stable price increase of over 345% since 2000. A quarter of a century ago, single-family homes cost an average of 645,000 francs. Today the value is around 2.87 million francs. This dramatic increase in value makes Carouge the municipality with the strongest price increase in Switzerland. The high demand for real estate is primarily due to the location of the Geneva suburb, which is now considered an urban hotspot.
The city not only has the advantages of a central location, but also a lively cultural and art scene, which makes it particularly attractive for young people and families. The limited availability of housing also contributes to price increases; The vacancy rate is currently only 0.33%. This means that competition for existing housing in Carouge is enormous.
Pricing and prices per square meter
| Property type | Price per m² (CHF) |
|---|---|
| Apartment | 10,817.52 |
| House | 11,738.16 |
| Property | 1,611.12 |
The development of prices per square meter in recent years clearly shows an upward trend. In the period from 2019 to 2025, prices rose continuously:
| Year | Price per m² (CHF) |
|---|---|
| 2019 | 8,479 |
| 2020 | 9,922 |
| 2021 | 9,388 |
| 2022 | 9,878 |
| 2023 | 10,394 |
| 2024 | 10,937 |
| 2025 | 11,508 |
Living in Carouge
The average prices for apartments in Carouge are also notable. A 50 m² apartment costs an average of 696,234 CHF, while a 90 m² apartment reaches 1,025,363 CHF. The price difference between these two types of apartments is 23%. For example, a 70 m² apartment that sells quickly could be offered for around CHF 797,505, while the higher selling price could be around CHF 974,728.
Carouge not only has a lot to offer economically, but the region is also culturally and historically exciting. Founded in the 18th century, Carouge was once an independent kingdom and is now a district of Geneva. The numerous sights, such as the Sainte-Croix church or the Musée de Carouge, attract both tourists and locals. The proximity to Lake Geneva and the many green spaces, such as the Parc de la Grange, contribute to the high quality of life in Carouge.
In summary, Carouge offers a unique combination of urban lifestyle, rich history and valuable leisure opportunities, which explains the rising property prices. Future development in the region is eagerly awaited.