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Corona Effect | Inconspicuous Solothurn Becomes a Real Estate Pearl

Who still dares to invest in office buildings when employees are increasingly disappearing into the home office?

The desire for more living space!

So the boom in e-commerce is creating a change in demand for commercial real estate. In residential real estate, on the other hand, there is another development that has received a lot of impetus from the pandemic: home office work. Even after Covid-19 ends, many office workers will do some of their work at home.

That's why a large number of people want more space to live in, because they now spend more time at home. And since commuting is no longer necessary on many days, new areas are also coming into question as places to live - the distance to the office may now also be somewhat longer.

"The Solothurn real estate market is a hidden champion. Its qualities are suddenly in demand in this pandemic," says real estate expert Donato Scognamiglio.
Vacancy rates are falling!

It is regions like Solothurn that are likely to benefit from this trend. The canton offers a lot of inexpensive living space and yet is centrally located in the Mittelland. It is easier to find a large, affordable apartment here than in the greater Bern, Basel or Zurich areas.

The statistics support this thesis: In the fourth quarter of 2020, the rather high vacancy rate in the canton fell slightly. So there are fewer empty apartments.

"The Solothurn real estate market is a hidden champion. Its qualities could be increasingly in demand in this pandemic," believes Donato Scognamiglio.

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Handelszeitung.ch | Latest news and background information on the economy, politics and stock markets | HZ (german article)