If you are currently looking for a new apartment, you have to dig deeper into your pockets in many regions of Switzerland than before. In the last half of the year, rents rose by 0.7 percent on average for the state. Calculated over the year, they increased by 1.1 percent.
However, this does not apply to all regions. Outside the centers there are places where rents have become cheaper. Apartment hunters are currently benefiting from lower prices in Ticino. Rents fell by 3 percent in June alone. This is shown by the price index from Immoscout24 in cooperation with the real estate consultancy IAZI.
Rents are falling here
Rents also fell by 0.4 percent in the Central Plateau, by 0.2 percent in the Lake Geneva region and by 0.1 percent in north-western Switzerland. In contrast, rents rose in Central Switzerland, Eastern Switzerland and the Zurich region.
While there has been an ups and downs in rental prices over time, there have only been surcharges for home ownership for months. Condominiums have been 4.7 percent more expensive since the beginning of the year. Compared to the previous year, prices rose by as much as 6.8 percent.
Buying is expensive
Prices for single-family houses also rose again in June by 1.4 percent. In the first half of 2021, house prices have already increased by 3.8 percent.
Rent or Buy? According to Martin Waeber (49), head of Immoscout24, this question no longer arises for most Swiss people. “Due to the record price increase in the residential property market and the high financing hurdles, the choice for many is limited to the rental housing market,” he says.
This is also borne out by the tenant quota of almost 60 percent, which is high by international standards. The good news: “If you don’t necessarily want to rent in the center, you can still get a bargain in some regions,” says Waeber. (dvo)
Published: 07/02/2021, 3 minutes ago
Last updated: July 2, 2021, 2 minutes ago