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Rents in Switzerland continue to rise: housing shortage alarms!
Rental prices in Switzerland are rising moderately, while living space remains scarce. Experts warn against premature euphoria.
Rents in Switzerland continue to rise: housing shortage alarms!
In Switzerland, rental prices continue to rise, but at a slow pace. According to current data from march24.ch Asking rents increased by 0.2 percent in April based on the Homegate index. Experts point to a tense housing market that is increasingly becoming a challenge for tenants.
The Homegate index currently stands at 130.4 points, which reflects an increase of 2.0 percent compared to April of the previous year. However, there are regional differences. While rents fell slightly in Zurich, with -0.1 percent in the canton and -0.4 percent in the city, rental prices in other cities such as Lugano rose by 3.1 percent and in Lucerne by 1.8 percent.
Regional rental price differences
Price increases vary greatly depending on the region. An increase of 1.4 percent was observed in the Appenzell cantons, while central Switzerland, according to the report by swissmarketplace.group, recorded the highest rates of increase in asking rents. In the canton of Lucerne, for example, prices rose by 7.7 percent, followed by the canton of Nidwalden with 11.4 percent.
The high demand for rental properties remains, as does the ongoing population growth in Switzerland. The number of vacant apartments has now fallen for the fourth year in a row. In 2024, asking rents across Switzerland rose by 3.2 percent compared to December of the previous year.
Looking into the future
No significant balance between supply and demand on the rental market is expected in the coming years. The project pipeline for new buildings in 2025 is insufficiently filled, which is likely to further aggravate the tense situation. In the cities of Lucerne and Basel, rental prices rose by 9.1 percent and 5.7 percent respectively compared to the previous year, which shows that price pressure remains high here too.
In Zurich, the rental price increase grew to 4.5 percent, while net migration in the canton of Zurich in 2024 was lower than in the previous year. Overall, it can be seen that rental prices in the canton of Zurich rose less sharply than in the previous period, at +4.8 percent. This suggests that there may be market oversaturation.
The current development and situation on the housing market are not only a challenge for tenants, but also pose questions for real estate professionals who must continue to closely monitor the dynamic rental price trends.