Asking rents are developing differently
Asking rents in the canton of Zug were 4 percent higher in May than in the previous month. At the same time, however, rents in the canton of Geneva fell by 1 percent. The Swiss average was an increase of 0.2 percent. This is evident from the current Homegate rental index.
The rental index, which is collected monthly by the digital real estate marketplace Homegate in cooperation with the Zürcher Kantonalbank , closed in May at 117.6 points, Homegate informs in a press release . Compared to the previous month, advertised rents increased by an average of 0.2 percent across Switzerland. The analysts of the index have observed different developments within the individual cantons.
Rents have remained relatively stable in most cantons. In the canton of Geneva, asking rents in May were 1 percent lower than in April. In the cantons of Zug, Graubünden, Appenzell Innerrhoden and Appenzell Ausserrhoden, on the other hand, the analysts identified significant increases of between 1.1 and 4.1 percent. However, they mainly attribute the jump of 4.1 percent in the canton of Zug to a decline in the previous month.
In the eight cities examined in the index, the analysts identified an increase in asking rents of 0.7 percent in St.Gallen and a decrease of the same amount in Geneva and Lausanne. The two cities in western Switzerland are also the only ones where analysts have observed a drop in asking rents year-on-year.
When recording rental price changes for the rental index, the rental prices are corrected for different quality, location and size of the apartments, explains Homegate. This makes it possible to record the actual rental price development.
Homegate is a division of SMG Swiss Marketplace Group AG . This combines the digital marketplaces of TX Group , Ringier and Mobiliar .