Asking rents remain stable month-on-month
In July, asking rents remained largely stable throughout Switzerland in a monthly comparison. Rents in Zug, Graubünden, Geneva and Glarus fell compared to June. Year-on-year, rents increased throughout Switzerland. This is shown by the current rental index from Homegate.
The rental index, which is collected monthly by the digital real estate marketplace Homegate in cooperation with the Zürcher Kantonalbank , closed July at 117.7 points, Homegate informed in a press release . Compared to the previous month, advertised rents fell by an average of 0.2 percent across Switzerland. The analysts of the index have observed different developments within the individual cantons.
Rents have remained relatively stable in most cantons. In Zug, Graubünden, Geneva and Glarus, however, the analysts observed significant declines of between 3.9 and 1.3 percent. Year-on-year, rents increased across all cantons.
Of the eight cities examined in the index, the analysts only observed a month-on-month increase in asking rents in Basel and Lucerne. Rents fell slightly in the other cities, but more sharply in Geneva and Lausanne, each by 1.6 percent. Compared to July 2021, asking rents have risen in all cities, with the strongest increase in Zurich at 6.4 percent.
When recording rental price changes for the rental index, the rental prices are corrected for different quality, location and size of the apartments, explains Homegate. This makes it possible to record the actual rental price development.
Homegate is a division of SMG Swiss Marketplace Group AG . This combines the digital marketplaces of TX Group , Ringier and Mobiliar .