The Tenants’ Association complained on Monday that landlords are profiteering by ignoring rules that limit rent rises.
In 2021, the average tenant was over-paying by CHF370 per month, the organisation claims.
Switzerland has one of the lowest home ownership rates among advanced economies. Only around 40% of people own their own properties while the rest rent.
Tenants are protected by laws that restrict large rental increases, but increasing demand for apartments, especially in cities, continues to drive up rents.
The Tenants’ Association is calling on parliament to re-write the rules to better protect tenants, particularly in the current climate of inflation and rising energy prices.
The group also demanded more affordable housing and non-profit accommodation projects.
Switzerland to intensify border checks during sporting events
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In the context of events including the European Football Championships and the summer Olympics, border security will be increased.
Integration of Credit Suisse into UBS now complete
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Credit Suisse AG was formally integrated into UBS AG on Friday, with the former being subsequently deleted from Canton Zurich's commercial register.
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The list of cities in the running as well as the requirements they need to meet have not been disclosed. A decision is to be made by the end of August.
UBS fined CHF50,000 for suspected money-laundering negligence
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Switzerland’s finance ministry has fined UBS bank CHF50,000 after employees allegedly failed to report red flags of money laundering over several years.
Switzerland’s appeal for wealthy foreigners reaches new heights
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As luxury real-estate prices hit record highs in Switzerland, especially in the Alps, the global rich are still attracted to the country.
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