Swiss rents are rising rapidly: Zurich with the strongest increase

Swiss rents are rising rapidly: Zurich with the strongest increase

According to a report by www.blick.ch, the demand for rental apartments in Switzerland has increased significantly. In the greater Zurich region in particular, asking rents rose by 5.7 percent last year. This increase is a clear indication that demand can no longer meet supply. Similar trends can also be observed in other regions of Switzerland, such as Ticino and Central Switzerland.

Asking rents in Switzerland have risen by 8.6 percent in the last two years, while real wages have fallen by an average of 2.2 percent. This suggests that the burden on tenants is continuing to increase. In addition, prices for single-family homes have increased significantly during the pandemic, especially in attractive locations.

When it comes to condominiums, prices also show a significant increase, which is due to the high demand for affordable housing. This trend is driving up the price demands further.

Rising rents and real estate prices could have long-term effects on the real estate market in Switzerland. Tenants in particular have to prepare for an increasing burden of housing costs. Therefore, it is important that the government and other relevant stakeholders take measures to ensure a sustainable and stable real estate market.