Asking rents are falling marginally
In June, asking rents fell by just under 0.1 percent across Switzerland compared to May. In a year-on-year comparison, rents are 0.7 percent higher on average. This is shown by the current homegate.ch rental index.
The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank closed at 115.4 points in June. Compared to the previous month, the asking rents have fallen by an average of 0.09 percent, explains homegate.ch in a corresponding message . In contrast, an increase in rental prices of around 0.7 percent has been observed over the past twelve months.
“As usual,” the asking rents have developed differently in the individual cantons and cities, explains homegate.ch. The analysts of the index observed the greatest declines with 1.29 percent in the city of Lausanne and with 0.99 and 0.49 percent in the cantons of Schwyz and Geneva. The strongest price increases, at 0.68 and 0.65 percent, were registered in the city of Bern and in the canton of Zug.
In most of the other cantons, the analysts observed a rather inconspicuous development in rental prices. The communication provides an interactive overview of developments in the cantons and metropolises.
In the quality-adjusted recording of rental price changes for the rental index, the rental prices are corrected for the different quality, location and size of the apartments. This makes it possible to record the actual rental price development, it says in the message.