Asking rents continue to rise
The asking rents for apartments rose by 0.9 percent year-on-year across Switzerland in 2020. This was the result of the annual review of the homegate.ch rental index. The greatest increase was observed in Appenzell.
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The coronavirus pandemic has hardly left any traces on the market for rental apartments, writes homegate.ch in a message on the annual review of the homegate.ch rental index. It is created monthly by the real estate portal owned by the TX Group in collaboration with Zürcher Kantonalbank . For 2020, the rent index shows an increase in asking rents for apartments of 0.9 percent year-on-year. This means that apartment rents have even risen faster than in the previous year, explains homegate.ch.
The analysts observed the sharpest increase in rental prices in the year under review with 2.7 percent in Appenzell. In the cantons of Geneva, Thurgau, Zug, Graubünden and Zurich, rents have also risen faster than the Swiss average, with values between 2.6 and 2.3 percent, the press release explains. Rising net immigration is mentioned as the background for the rental price development.
The gap in rent prices between urban and rural cantons that had prevailed in previous years was weakened in the reporting year, the analysts further explain in the press release. On the one hand, they attribute this to the concentration of the construction industry in urban regions. On the other hand, the work in the home office, which was funded during the pandemic, "led to evasive effects in the countryside". Urban living remains in trend despite the pandemic.
