Nidwalden drives asking rents
Asking rents in the canton of Nidwalden were 1.5 per cent higher in August than in the previous month. In all other cantons, the changes were minor. Across Switzerland, asking rents rose by 0.2 per cent. 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 131.2 points at the end of August. Compared to the previous month, the index rose by 0.2 per cent, Homegate reported in a press release. Compared to the previous year, the property marketplace’s experts have registered a 2.6 per cent increase in asking rents across Switzerland.
The month-on-month increase across Switzerland was mainly driven by the canton of Nidwalden. Here, asking rents rose by 1.5 per cent. In a year-on-year comparison, they were around 10 per cent higher. All other cantons showed only slight movements in both directions in a monthly comparison. In a year-on-year comparison, the canton of Schwyz stands out with an increase of 8.4 per cent. Property experts only observed falling asking rents in the canton of Graubünden over the same period.
Asking rents in the eight Swiss cities included in the index were all higher in August than in the same month last year. At 1.8 per cent, Lugano recorded the largest monthly increase. Asking rents in the city of Lucerne were 2.1 per cent lower in August than in the previous month. In a year-on-year comparison, however, asking rents in Lucerne rose the most among the eight cities surveyed.
Homegate is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.