It's a good time for people looking to rent an apartment in Switzerland, as there are a huge number of empty properties and landlords are slashing rents in some places. (SRF/swissinfo.ch)
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There are around 55,000 empty rental flats in Switzerland. For example in Wangen bei Olten, Canton Solothurn, where ten percent of all flats are unoccupied. Because of negative bank interest rates, pension funds are investing in real estate, so in many areas, more apartments are being built than can be filled.
Landlords are coming up with novel ideas to counter this trend, with rent reductions among them, which is great news for tenants.
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Highest Swiss property prices recorded in Zurich
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Zurich remains the dearest location for Swiss property at CHF12,250 ($13,000) per square metre.
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The study analysed the average price of a detached house in the canton, according to a reportExternal link in the Tuesday edition of Zurich’s Tages-Anzeiger. In 2008, this amounted to CHF980,000 ($1 million), but by 2015 buyers would have had to fork out CHF1.3 million. This increase is the main reason that fewer people are…
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.