Real Estate Market Report
1. Executive Summary
Nyon remains a premium, high-demand real estate market situated strategically in the Greater Geneva area. The municipality is defined by a wealthy demographic profile, with 41.7% of taxpayers earning above CHF 75,000. The market demonstrates strong divergence: while the rental and condominium sectors are tight and priced significantly above national averages, the single-family house market is currently experiencing a high supply rate. Overall, Nyon achieves a "Very Good" location rating (4.4/5) for residential investment.
2. Key Market Indicators
The following table summarizes the median prices and 3-year performance trends compared to regional benchmarks.
Indicator Nyon (Median) 3-Year Trend Region MS Nyon Canton Vaud Switzerland
3. Location & Socio-Demographics
Nyon is a dynamic economic hub with a growing population and high international connectivity.
• Population Growth: The population reached 23,351 in 2024, reflecting a robust growth of 5.5% over the last three years, significantly outpacing the Swiss average of 3.6%.
• International Profile: The foreign population constitutes 40.8% of the total, with French (25.1%), Portuguese (15.0%), and Italian (9.5%) nationals being the largest groups.
• Income Level: The municipality attracts high-income earners. In 2022, 41.7% of taxpayers had a taxable income exceeding CHF 75,000, compared to the Swiss average of 34.6%.
• Taxation: The tax burden for a married couple with two incomes totaling CHF 120,000 (without children) is 12.2%. This is slightly competitive within the region (Canton Vaud avg. 12.6%) but higher than the Swiss average (9.1%).
4. Residential Rental Market
The rental sector is characterized by high price premiums and very low vacancy, indicating a "landlord's market."
Pricing Structure
Rents in Nyon are 38.0% higher than the national average. The table below illustrates the price spread across market segments (net rent per m² per year):
Segment Price (CHF/m² pa)
Top 10% (Luxury) CHF 461
Description
High-end finishes, prime views.
Median CHF 334
Standard modern apartment.
Lower 10% CHF 255
Market Liquidity
Older stock or less central locations.
• Vacancy: The vacancy rate is extremely low at 0.3% (2025), compared to the regional average of 1.1%.
• Supply Rate: The supply rate (advertised listings relative to stock) is 3.1%, which is slightly tighter than the Swiss average of 3.4%.
• Rating: Wüest Partner rates the rental market 4.4 (Very Good), driven by excellent infrastructure and strong institutional investor presence
5. Ownership market analysis
There is a distinct contrast between the condominium market (high demand, rising prices) and the singlefamily house market (high prices, high supply).
Condominiums (PPE)
• Price Evolution: Transaction prices for medium-sized objects have surged by 10.1% over the last three years.
• Valuation: The median asking price is CHF 13,100/m². For the top luxury segment, prices reach CHF 16,800/m² .
• Liquidity: The market is active with a supply rate of 5.9% (Switzerland: 4.1%). Despite active listings, the vacancy rate remains negligible at 0.5%.
Single-Family Houses
• Price Stagnation: Unlike condos, single-family house prices have seen slower growth (+3.7% year-on-year) and are actually priced lower per square meter (CHF 11,600) than condos.
• High Supply: A notable trend is the 9.2% supply rate for houses, which is more than triple the Swiss average of 2.8%. This suggests a surplus of inventory on the market, potentially due to high absolute price points (a medium-sized house costs approx. CHF 1.8 million).
• Rating: Consequently, the market rating for houses is 3.8 (Good), lower than for apartments, reflecting weaker transaction dynamics.
6. Commercial Real Estate
Nyon serves as a vital sub-center in the Geneva agglomeration with over 14,800 full-time equivalent employees.
7. Construction & Development
Construction activity in Nyon is robust, particularly in the residential sector, supporting the population boom.
• New Housing: Between 2019 and 2023, an average of 203 new apartments were constructed annually.
• Renewal Rate: This volume represents a renewal rate of 1.8% of the total housing stock, which is significantly higher than the Swiss average of 1.1%.
• Investment Volume: In 2023, residential investment per capita was CHF 7,518, well above the cantonal average of CHF 5,319. This high level of investment indicates strong developer confidence in the region's long-term attractiveness.
8. Conclusion
1. For Investors: The rental market offers stability with very low vacancy risks (0.3%) and high rent levels. The office market is also outperforming national benchmarks.
2. For Buyers: Condominiums are appreciating fast (+10.1% in 3 years). However, buyers looking for singlefamily homes may find more room for negotiation given the high supply rate (9.2%) in that specific segment.
Sourcesused:WüestPartnerLocationInformationReport,Nyon,January30,2026.