Asking rents continue to rise
After an increase in January, asking rents continued to rise in February. In a year-on-year comparison, rental prices rose by 0.96 percent. Particularly high price increases were observed in the cantons of Zug, Glarus and Schaffhausen.
The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank closed at 115.6 points in February. Compared to the previous month, the prices for advertised rents have risen by an average of 0.17 percent, explains homegate.ch in a corresponding message. At the beginning of the year, too, prices had risen by an average of 0.17 percent. An increase in rental prices of 0.96 percent has been observed over the past twelve months.
In a monthly comparison, rents have risen in most cantons, writes homegate.ch. The sharpest increase in asking rents was registered in February in the canton of Schaffhausen, at 1.37 percent. In Zug and Glarus, asking rents also increased at an above-average rate of 0.84 and 0.69 percent, respectively. On the other hand, declines were measured in the cantons of Graubünden, Geneva and Ticino with values between -0.48 percent and -0.19 percent.
Homegate.ch makes different developments in the cities. The biggest increase was measured in a month-on-month comparison with 0.78 percent in Lugano. The asking rents in Lucerne and St.Gallen each increased by 0.20 percent compared to January. In Lausanne, Geneva and Bern, however, rents fell between 1.18 and 0.49 percent.
In the quality-adjusted recording of rental price changes for the rental index, the rental prices are corrected for the different quality, location and size of the apartments. This makes it possible to record the actual rental price development, it says in the message.
