Asking rents remain stable in April
Asking rents in Switzerland remained stable in April. According to the Homegate Rent Index, there was a minimal increase of 0.2 percent. Rents have risen the most in the canton of Nidwalden, while they have fallen significantly in the canton of Zug.
The monthly rental index collected by the digital real estate marketplace Homegate in cooperation with the Zürcher Kantonalbank ( ZKB ) was stable in April. According to the media release , asking rents in Switzerland rose minimally by 0.2 percent. The index now stands at 117.4 points. Asking rents rose the most in the last month, at around 1.7 percent, in the canton of Nidwalden. They have fallen significantly in the canton of Zug by around 2 percent. In the other cantons, asking rents also remained stable in April, with fluctuations of less than 1 percent.
In the cities surveyed, too, the development of asking rents was similarly stable as at the cantonal level. According to the announcement, the biggest change was in Zurich, where asking rents rose by 1 percent. This continues a development of the last five months, in which asking rents there increased by 4.3 percent. Lugano reports the lowest value among the cities at 0.5 percent. Despite the decline in April, Lugano still recorded an increase of 2.1 percent compared to the previous year. However, Homegate reports that it is a long way from the peak in July 2016.
When recording the rental price changes for the rental index, the rental prices are corrected for different quality, location and size of the apartments, the communication explains. This makes it possible to record the actual rental price development.
Homegate was founded in 2001 and is a division of SMG Swiss Marketplace Group AG .