Development of asking rents varies
The development of asking rents varied from canton to canton in April. The monthly comparison ranges from an increase of 2.1 per cent in Glarus to a decrease of 1.7 per cent in Nidwalden. This is shown by the current Homegate rental index.
The monthly rental index compiled by the digital property marketplace Homegate in collaboration with Zürcher Kantonalbank closed at 130.1 points at the end of March. Compared to the previous month, the index rose by 0.2 per cent, Homegate reported in a press release. Compared to the previous year, the property marketplace’s experts recorded a 2.6 per cent increase in asking rents across Switzerland.
Developments varied from canton to canton. In seven cantons, month-on-month growth of more than 1 per cent was registered, while a further seven cantons recorded a decline in asking rents of more than 1 per cent. The strongest increases in asking rents were recorded in Glarus (2.1 per cent) and Valais (1.3 per cent). The sharpest declines were recorded in Nidwalden (1.7 per cent) and Graubünden (1.1 per cent).
The experts also observed different developments in the eight Swiss cities included in the index. Specifically, four cities each recorded an increase or decrease in asking rents in a monthly comparison. The biggest changes were registered for Bern with a plus of 0.9 per cent and Lucerne with a minus of 1.0 per cent.
Homegate is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.