Development of asking rents varies
The rental index by Homegate and Zürcher Kantonalbank shows a slight increase in rental prices for July 2024. While some cantons and cities are seeing rising rents, other regions experienced declines.
The monthly rental index compiled by the digital real estate marketplace Homegate in collaboration with Zürcher Kantonalbank closed at 128.7 points in July. Compared to the previous month, the index rose by 0.2 percent, Homegate reported in a press release. A year-on-year increase of 5.2 percent was observed across Switzerland.
In a year-on-year comparison, rents rose in all cantons, Homegate reports. However, the real estate marketplace’s experts have observed different developments month-on-month. For example, rents in the cantons of Uri, Glarus, Ticino and Thurgau rose by between 1.9 and 0.6 percent. Rents were lower than in June in around a third of these cantons. The sharpest decline was observed in Nidwalden with a drop of 1.2%. In the other cantons, asking rents remained stable compared to June.
The eight Swiss cities included in the index also showed different trends in a month-on-month comparison. For example, rents in Lugano and Zurich rose by 1.0% and 0.7% respectively in July. At the same time, asking rents in Lucerne and Geneva fell by 1.5% and 1.2% respectively. Year-on-year, rents rose in all eight cities. The most significant increases were recorded in Lucerne and Zurich, at 8.1% and 7.9% respectively.
Homegate is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.