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Zurich sees 10% rise in second homes, district disparities emerge

zurich city
The number of flat dwellings has risen every year since 2017, particularly significantly last year and this year. © Keystone / Gaetan Bally

The number of second homes in the city of Zurich has risen from 6,610 to 7,250 in the current year. This corresponds to an increase of 0.2 percentage points to 3.1% of the total housing stock.

Second homes include both privately used flats and furnished flats that are professionally managed. The data from the 2023 survey allows us to conclude for the first time that both groups are growing proportionately, as Statistics Zurich announced on Thursday.

+Super cycle for residential property to come to an end

The number of private second homes has increased by 440 since 2020. The number of flat dwellings has risen every year since 2017, particularly significantly last year and this year. There are currently 4,710 rental flats. 

+Tough Swiss housing market drives densification, study finds

The proportion of second homes varies greatly from neighbourhood to neighbourhood. It is highest in district 1 at 16%. In contrast, it is below 2% everywhere in district 12 (Schwamendingen) and in the neighbourhoods of Affoltern, Höngg and Albisrieden. The sharpest increase since 2020 was recorded in district 1 with 2.5 percentage points, followed by district 4 with 1.9 percentage points.

The city of Zurich has been recording the number of second homes since 2017.

+Swiss house prices hit record high amid overheating worries

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