Asking rents rise at the beginning of the year

Zürich, February 2021

In January, asking rents rose by 0.17 percent compared to the previous month. In a year-on-year comparison, rents rose by 0.87 percent. Rents in Uri, Nidwalden, Appenzell and Wallis rose above average.

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 January. Compared to the previous month, the prices for advertised rents have risen by an average of 0.17 percent, explains homegate.ch in a corresponding message . An increase in rental prices of 0.87 percent has been observed over the past twelve months.

In a monthly comparison, homegate.ch shows different developments for the individual cantons. The strongest rise in asking rents in January, at 1.59 percent, was observed in the canton of Nidwalden. In the cantons of Appenzell-Innerhoden, Appenzell-Ausserhoden, Uri and Wallis, asking rents rose above average with values between 1.08 and 1.24 percent. Declines were measured in the cantons of Zurich, Neuchâtel and Jura with values between -0.57 percent and -0.10 percent.

Homegate.ch also makes different developments in the cities. The largest increase was measured here in a monthly comparison of 2.01 percent in Lausanne. The analysts describe the development in Zurich as “noticeable”. Here rental prices fell by 1.00 percent in January compared to the previous month.

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.

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