Swiss rental prices for apartments continue to rise
In Switzerland, rents for apartments on the market continued to rise in October. However, there were clear differences in the individual cantons.
Across Switzerland, rents for new and re-rentable apartments – the so-called asking rents – rose by 0.4% in October compared to the previous month, according to the Homegate rent index published on Monday. The index advanced by 0.5 points to 123.8 points. On an annual basis, asking rents rose by an average of 4% in October in Switzerland.
+ Hundreds demonstrate against rising rents in Zurich
There were clear differences in the development of rental prices in the individual cantons. According to Homegate, the changes compared to September ranged between minus 0.5 and plus 2.9%. Rents rose particularly strongly in October in the cantons of Glarus (+2.9%), Schaffhausen (+2.3%) and Uri (+1.8%), while Obwalden and Nidwalden (both -0.5%) ) and Schwyz (-0.3%) recorded declines.
Compared to the same month last year, however, price changes showed an upward trend in all cantons. Over the year, rents rose the most in Glarus (+7.5%), Valais (+6.9%), in the two cantons of Appenzell (+6.6%) and Zurich (+6.3%).
+ ‘Myth’ of rising Swiss rents under scrutiny
In the cities, the fluctuations were less severe in October. There was a relatively significant increase in Lucerne (+1.8%). Rents only fell in St Gallen and Geneva (-0.4% each). Over the year, the city of Zurich remains the leader with an increase of 10%, followed by Geneva (+4.3%).
The Homegate rent index for asking rents is collected by the real estate marketplace Homegate in collaboration with Zürcher Kantonalbank (ZKB). It measures the monthly quality-adjusted change in rental prices for new and re-rentable apartments based on current market offers.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
More
A Geneva-based global health foundation came close to ‘collapse’. Where were regulators?
More
Will Switzerland finally do away with imputed rental-value tax on homeowners?
More
King Albert I: the mountaineering monarch
More
In Switzerland four out of ten people have a migrant background – who are they?
More
Can Saudi Arabia’s billions unlock the secrets to a longer, healthier life?
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.