Asking rents in Switzerland continue to rise in March
Published: Tuesday, Apr 16th 2024, 09:21
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Asking rents for apartments in Switzerland rose again in March. Prices rose in all but three cantons.
The Homegate rental index for asking rents, which is compiled by the real estate marketplace Homegate in collaboration with Zürcher Kantonalbank (ZKB), rose by 0.4 percent to 126.8 points in March compared to the previous month, according to a statement issued on Tuesday.
With the exception of the two cantons of Appenzell, Thurgau and Basel Stadt, advertised apartments have become more expensive in all cantons. The most significant increases compared to the previous month were in the cantons of Schaffhausen (+3.1%), Nidwalden (+2.5%) and Zurich (+1.2%).
Compared to the previous year, rents rose by 5.5 percent overall, with double-digit percentage increases in the cantons of Schaffhausen, Zurich and Nidwalden.
Different changes in cities
In the eight cities surveyed, the picture in March was similar to that in February: only in Lucerne and Basel did asking rents fall slightly month-on-month. All other cities surveyed recorded an increase, with Zurich showing the strongest growth of 1.8%.
The index from Homegate and ZKB measures the monthly, quality-adjusted change in rental prices for new and re-let apartments based on current market offers.
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