Asking rents continue to rise
As in the previous months, asking rents rose in November. This is shown by the current quality-adjusted rental price index from homegate.ch and Zürcher Kantonalbank. The largest increase was registered in the canton of Graubünden, at 2.33 percent.
The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank rose by 0.17 points to 116.1 points across Switzerland in November compared to October, explains homegate.ch in a corresponding message . The analysts write that the index has already exceeded its high in October. Over the past twelve months they have observed an increase in asking rents of 0.96 percent.
In the month under review, rents rose in most of the cantons, the press release explains. The analysts observed the strongest growth of 2.33 percent in the canton of Graubünden. In Zug and Schwyz, too, asking rents rose at an above-average rate of 2.04 and 0.59 percent. In the cantons of Nidwalden and Neuchâtel, on the other hand, asking rents in November were 0.49 and 0.81 percent lower than in October.
In terms of cities, the analysts point to striking declines in asking rents in Zurich (-0.82 percent) and Geneva (-0.79 percent). The asking rents in Lausanne and Lucerne rose the most in comparison to October, at 0.30 percent each.
When recording the rental price changes for the rental index, the rental prices are corrected for different quality, location and size of the apartments, is explained in the communication. This makes it possible to record the actual rental price development.