French-speaking Swiss live louder
People in Geneva, Lausanne and Lugano are exposed to more street noise in their homes than elsewhere. Noise leads to an annual loss of rent of CHF 320 million across Switzerland, according to Zürcher Kantonalbank's latest property research.
At every third residential address in Geneva, people have to endure a noise level of more than 60 decibels. It is as loud as a lawnmower ten meters away, according to a press release . This noise can still be heard even with the windows closed.
On the other hand, people in German-speaking Switzerland live the most quietly, namely in the cities of Bern, Winterthur and Aarau, as the real estate research of Zürcher Kantonalbank lists. For its analysis, the financial institute examined every residential building in Switzerland for its exposure to road noise.
It also came out that the street noise leads to rent discounts of 320 million francs annually. Geneva has the highest rent reduction with CHF 40 million, Zurich follows in second place with a financial loss of CHF 28 million.
Because even if Zurich is in the middle in terms of noise pollution, thousands of apartments along the main traffic arteries are still affected by a high noise level, according to the press release. “So street noise will remain a burning issue in housing policy in the canton of Zurich.”
According to real estate research by Zürcher Kantonalbank, prices for private homes will also rise this year. Prospective buyers can expect 6 percent more, and in the canton of Zurich even an increase of 7.5 percent. The demand for one’s own four walls in the corona pandemic is driving.
Searchers find fewer and fewer advertisements in the relevant property search portals on the Internet. According to a press release, the number of sales advertisements in the canton of Zurich on the Homegate brokerage platform has fallen by more than 30 percent since 2019. Reason: Brokers can find buyers with less effort through their own channels.
The demand for property is currently so high that “some of the apartments have already been sold before construction begins”. Often all it takes is just setting up a construction board. Prospective buyers should therefore be put on the lists of broker companies, advises Ursina Kubli, Head of Real Estate Research at Zürcher Kantonalbank, according to a media release.