The real estate market in Ticino: average prices by area, recent trends (cross-border guide)

Context

In a nutshell

• Average prices per area in Ticino, such as Locarno, Lugano and Mendrisio, have shown a trend to vary recently.
• In particular, the Locarno area has higher average prices than Lugano and Mendrisio.
• A recent survey found that renting is cheaper than buying in Ticino.

Key facts

• What: Recent trends in average prices by area in Ticino
• When: From 2022 to 2023
• Where: Ticino
• Who: Owners and buyers
• Amount: Average variable prices

According to the real data collected, the Locarno area recorded average prices per housing unit 20% higher than Lugano and 15% higher than Mendrisio in 2023.

In addition, the ratio of rent to purchase in Ticino showed a trend in favour of rent. For example, a 3-bedroom apartment in the city could cost around 2000-2500 francs per month to rent, while the purchase could cost around 25-30,000 francs.

Why this trend? There are several factors at play, such as the limited demand for affordable housing and the growing demand for housing in the private sector, which has pushed prices up.

For buyers, it's important to be informed about local regulations and common practices, such as the percentage of rent allowed and registration fees for the purchase.

For landlords, it is essential to know the demand and demand for housing in the area, so that they can decide whether to aim for rent or

Operational details

The real estate market in Ticino is extremely variable and largely depends on the area. The Locarno area, for example, has higher average prices than Lugano and Mendrisio. According to a recent survey, apartments in Locarno cost on average 7,000 francs per square metre, while in Lugano and Mendrisio the price is 6,000 and 5,000 francs per square metre respectively.

A recent trend is the increase in the number of private individuals who choose to invest in real estate in Ticino, especially those with a tourist destination. According to research conducted by a real estate agency in Ticino, 30% of real estate owners in Ticino plan to increase their share of short-term rental properties during 2022. This phenomenon is favoured by the growing tourist demand and the availability of vacant accommodation in many areas of Ticino.

For buyers, it's important to consider applicable tax regulations. For example, the Value Added Tax (VAT) is 0% for new home purchases, while for existing home purchases it is 7%. In addition, Ticino is one of the most affordable regions in Europe when it comes to property taxes, with an annual average of 30 francs per square meter.

For renters, renting is generally cheaper than buying, especially for short-term rental apartments. For example, an 80-square-meter apartment in

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Key points

The real estate market in Ticino: average prices by area, recent trends and practical advice

The Ticino real estate sector has shown some interesting trends in recent years, mainly due to the growing demand for housing by the resident population and those who work in Switzerland but have their residence in neighbouring Italian Switzerland. Here's an overview of average prices by area and recent trends.

Average prices by area

Average prices for apartments in Ticino vary by area. For example, the city of Lugano has the highest prices, with an average price of 3,500 francs per square meter for newly built apartments, while the cheapest area is that of Mendrisio, with an average price of 2,500 francs per square meter.

Recent Trends

The demand for housing in Ticino has grown due to the increase in the number of Ticino workers who live and work in Switzerland, but have their residence in Italian Switzerland. In addition, Ticino families who have children at university are looking for more spacious homes with good infrastructures.

Practical tips

If you are thinking of buying or renting an apartment in Ticino, here are some of the recent trends and some practical tips:

1. Pre-sell before you buy or rent: Demand for homes is high, and homes for sale or rent have become more sought-after. If you want to avoid paying a price

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