Rents rose in August
In August, rents across Switzerland rose by an average of 0.26 percent. They are noticeably higher in the cantons of Thurgau and Valais. In the cities of Geneva and Lugano, however, the rent has fallen significantly. This is shown by the rental index from homegate.ch and Zürcher Kantonalbank.
In August, asking rents in Switzerland rose by 0.26 percent. The upward trend is particularly confirmed in the annual analysis with a plus of 0.88 percent. This is shown by the current rental price index figures from homegate.ch and Zürcher Kantonalbank ( ZKB ). It measures the monthly, quality-adjusted change in rental prices based on current market offers.
The rental price development in the canton of Thurgau is striking, according to a media release from the real estate marketplace homegate.ch. The rent there rose by 0.71 percent, almost three times the Swiss average. The canton of Valais also shows a noticeably higher value with a plus of 0.62 percent. In the cantons of Zurich, Glarus, Appenzell Ausserrhoden and Appenzell Innerrhoden, apartment hunters are confronted with rents that have risen by 0.50 percent, in Schaffhausen it is plus 0.49 percent. On the other hand, Geneva recorded the steepest decline with a minus of 1.48 percent. The rent index is only stagnating in the cantons of Basel-Stadt and Schwyz.
The cities of Geneva (-2.43 percent) and Lugano (-1.41 percent) recorded a large decline. In contrast, asking prices in the city of Zurich rose (+1.31 percent). Only in the city of Basel does the rent index remain unchanged.