Rental prices in Switzerland rise slightly again
After falling in October, asking rents rose again in November to the level seen in September. This is shown by the latest Homegate rental index. Year-on-year, rents were 3.1 per cent higher across Switzerland.
The monthly rental index compiled by the digital property marketplace Homegate in collaboration with Zürcher Kantonalbank closed at 128.1 points in November. Compared to the previous month, the index rose by 0.3 per cent, Homegate reported in a press release. This means that “the brief decline in October has levelled out again and the advertised rental prices are once again at the level of September 2024”. A year-on-year increase in advertised rents of 3.1 per cent was observed across Switzerland.
Within the cantons, Homegate’s experts only identified major changes compared to September in individual cases. The canton of Graubünden stands out the most with a 4.4 per cent decline in asking rents. However, “such outliers” are mostly short-term changes, according to the press release. Only the canton of Nidewalden reported an increase in rents of more than 2 per cent month-on-month at 2.1 per cent.
The experts attest that the eight Swiss cities included in the index are returning “to the expected normality”. They attribute this primarily to the 1.6 per cent growth in asking rents in Zurich and Lausanne. The other six cities analysed showed only marginal changes compared to September. In a year-on-year comparison, however, significant growth was observed in all eight cities. This was strongest in the city of Lucerne at 7 per cent.
Homegate is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.