Asking rents rise slightly in Switzerland in September
Published: Friday, Oct 18th 2024, 08:20
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In September, property owners in Switzerland offered their rental apartments at slightly higher prices. The development of asking rents varied greatly from canton to canton.
Overall, the Homegate index for asking rents rose by 0.2 points to 128.1 points in September. Meanwhile, rents increased by 3.9 percent compared to the previous year, as was reported in a press release on Friday.
In the canton of Schwyz, asking rents rose the most in September at 3.1%, followed by Uri (+1.3%), Fribourg and Basel-Stadt (+1.0% each). They fell in Schaffhausen (-1.4 percent), Graubünden (-1.0 percent) and Valais (-0.7 percent).
The canton of Schwyz also led the way with a year-on-year increase of 11.4%, while rents in the canton of Zug (+11.1%) also rose by double digits. Compared to the previous year, rents were higher in all cantons.
Looking at the cities, the increase in asking rents compared to August was strongest in Basel (+1.1%), while they fell by 0.5% in Lausanne. Meanwhile, Lucerne (+8.2 percent) and Zurich (+6.8 percent) were ahead of the previous year.
The Homegate rent index for asking rents is compiled by the real estate marketplace Homegate in collaboration with Zürcher Kantonalbank (ZKB). It measures the monthly, quality-adjusted change in rental prices for new and re-let apartments based on current market offers.
©Keystone/SDA
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