Swiss rents expected to keep rising owing to low vacancy rates
Select your language
Generated with artificial intelligence.
Listening: Swiss rents expected to keep rising owing to low vacancy rates
Hardly any vacant rental flats exist in Switzerland. Although the decline in vacancies has slowed this year, it is likely to continue next year, according to UBS. As a result, rents are expected to continue to rise.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
UBS rechnet wegen tiefer Leerstände mit weiter steigenden Mieten
Original
The Federal Statistical Office announced this week that there were just under 52,000 vacant flats across Switzerland at the beginning of June. This results in a vacancy rate of 1.08%, compared with 1.15% a year ago.
As Swiss bank UBS writes in an analysis on Friday, the vacancy rate is likely to fall further to around 1% in 2025.
Even if the momentum has slowed, the number of empty apartments is unlikely to bottom out in the coming quarters, UBS economists are convinced. Immigration has weakened only slightly at a very high level and the trend in building permits does not suggest a significant increase in housing production for the time being.
According to UBS, the increasing housing shortage will continue to drive the rise in rents. The economists estimate that asking rents will be 4% higher at the end of 2024 than in the previous year. And housing will continue to become much more expensive in the years to come. UBS expects rents to rise by 3% in 2025.
Translated from German by DeepL/ts
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Should raw milk sales be banned or should consumers decide?
Swiss food regulations do not allow raw milk to be sold for direct consumption. However, a loophole allows 400 raw milk vending machines to do just that.
This content was published on
There is "no Europe à la carte", declared the deputy prime minister of Luxembourg, where the European Commission is briefing member states on the state of negotiations with Switzerland.
Almost 200 people die a year in Switzerland doing sport
This content was published on
Every year, an average of 185 people die while playing sport in Switzerland. Most of the fatal sports accidents occur in mountain sports.
Swiss regulator tells UBS to strengthen its crisis plans
This content was published on
UBS must improve its emergency plans following its takeover of Credit Suisse to ensure the bank can be wound down or sold without risking financial stability and taxpayer cash, Swiss regulator FINMA said on Tuesday.
New minimum sentences for first-time speeders in Switzerland
This content was published on
A driver caught speeding in Ticino has received a conditional fine instead of the conditional prison sentence imposed at first instance.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.