Asking rents on the rise throughout Switzerland
Asking rents rose year-on-year in all cantons in October. Compared to the previous month, only asking rents in the cantons of Obwalden, Nidwalden and Schwyz were lower than in the previous month. This is shown by the current Homegate rent index.
The monthly rental index compiled by the digital property marketplace Homegate in collaboration with Zürcher Kantonalbank closed at 123.8 points in October. Compared to the previous month, the index rose by 0.4 per cent overall, Homegate reported in a press release. A year-on-year increase of 4 per cent was observed across Switzerland.
In a year-on-year comparison, rents rose in all cantons, Homegate reports. At 7.5 per cent, they rose the most in Glarus. This was followed by Valais, the two (combined) cantons of Appenzell, Zurich, Schaffhausen and Schwyz with increases of between 6.9 and 5.3 per cent. The eight Swiss cities included in the index also recorded year-on-year increases in asking rents.
Compared to September, rents rose in most of the cantons and six of the eight cities included in the index. The experts from Immobilienmarktplatz and Kantonalbank only observed a slight decline in asking rents in the cantons of Obwalden, Nidwalden and Schwyz as well as in the cities of Geneva and St.Gallen. Within the cantons, rents rose the most in Glarus, Schaffhausen and Uri. In the cities, the highest increases were observed in Zurich, Geneva, Bern and Lugano.
Homegate is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.