Housing is becoming more expensive
Rents rose by an average of 0.6 percent across Switzerland in June. The prices for single-family houses rose by 1.4 percent compared to May, those for condominiums by 1.0 percent. This is shown by the current Swiss Real Estate Offer Index from ImmoScout24.
"Renting and buying in Switzerland is getting more expensive", is how ImmoScout24 wrote a message on the current Swiss Real Estate Offer Index . It is prepared monthly by ImmoScout24 and the real estate consultancy IAZI AG . According to the surveys, the prices for rents and residential real estate rose on average across Switzerland in the first half of 2021.
The prices for residential property have only risen for months, explains ImmoScout24 in the message. Since the beginning of the year, prices for single-family houses have risen by a total of 3.8 percent, with a price increase of 1.4 percent compared to May being observed in June alone. The corresponding values for condominiums were 4.7 and 1.0 percent, respectively.
The index analysts have observed an ups and downs in rents over the past few months. There was an increase of 0.7 percent over the first half of the year. In June, an average increase of 0.6 percent compared to May was registered.
Renting has not become more expensive everywhere, it says in the message. Specifically, monthly rents dropped between 3.0 and 0.1 percent in Ticino, the Central Plateau, the Lake Geneva region and northwestern Switzerland.
Martin Waeber is quoted in the press release as saying that "the record price increase in the residential property market" has contributed to the fact that many people did not even ask themselves whether to rent or buy. “If you don't necessarily want to rent in the center”, you can “still get a bargain in some regions”, says the Scout24 Group's CFO.
The Scout24 group belongs to the insurance group Mobiliar and the media group Ringier . In addition to the real estate platform ImmoScout24, the network of online marketplaces operates the platforms AutoScout24, FinanceScout24, MotoScout24, the classified ads platform Anibis and the marketer Scout24 Advertising.