Rents remain unchanged
In July, asking rents remained at the June level across Switzerland. This is shown by the current homegate.ch rental index. However, the developments vary depending on the canton. Renting became cheaper in Geneva and Zug, and more expensive in Obwalden and Graubünden.
The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank closed unchanged at 115.4 points in July compared to June, explains homegate.ch in a corresponding message . In contrast, an increase in rental prices of around 0.7 percent has been observed over the past twelve months. In the individual cantons and cities, the index analysts observed different developments on a monthly basis.
In the cantons of Geneva and Zug, asking rents in July were 2.5 and 3.5 percent lower than in June. In the cantons of Obwalden and Graubünden, however, they increased by around 1 percent each. “Given these fluctuations, when looking for a property it can be worthwhile to look outside the box and compare offers well over time,” said Fabian Korn from Homegate in the press release. In most of the other cantons, only minor changes in rental prices were observed.
In terms of cities, the analysts highlight the city of Geneva with a decline of 2.15 percent in July. At the other end of the scale is Lugano, with asking rents up 0.7 percent compared to June. The communication provides an interactive overview of developments in the cantons and metropolises.
When recording the rental price changes for the rental index, the rental prices are corrected for different quality, location and size of the apartments, is explained in the communication. This makes it possible to record the actual rental price development.