Swiss rents expected to keep rising owing to low vacancy rates
According to UBS, the increasing housing shortage will continue to drive the rise in rents.
Keystone-SDA
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.
Popular Stories
More
Culture
Wealth is not all: how gentrification in Zurich has led to housing shortage
Should Switzerland take measures to support its struggling industries?
Industrial policies are back in fashion, not only in the United States but also in the EU. Should Switzerland, where various industries are struggling, draw inspiration from such policies?
This content was published on
The Locarno Film Festival is considering moving from the beginning of August to the second half of July for its 80th edition in 2027.
Council of Europe head Alain Berset visits Georgia
This content was published on
The Secretary General of the Council of Europe, Alain Berset, is visiting Georgia, which has been rocked by a political crisis, from Wednesday.
Swiss politician who shot at Jesus faces criminal proceedings
This content was published on
The Zurich public prosecutor's office has opened criminal proceedings against politician Sanija Ameti. It is investigating whether she disrupted freedom of religion and worship.
Switzerland must be able to control immigration, says head of business federation
This content was published on
Switzerland must be able to control immigration itself if it "exceeds the tolerable limits", says Christoph Mäder, president of Economiesuisse, the Swiss Business Federation.
This content was published on
The film Reinas by Klaudia Reynicke, a Swiss-Peruvian-Spanish co-production, has missed out on an Oscar nomination for Best Foreign Film.
Raiffeisen Switzerland CEO steps down unexpectedly
This content was published on
Raiffeisen Switzerland CEO Heinz Huber is stepping down at the end of the year. This means that Switzerland's second-largest banking group after UBS is looking for a new CEO.
Artificial intelligence has yet to affect election results
This content was published on
Artificial intelligence has not yet had a decisive influence on election results, according to Swiss researchers who analysed this year's elections in almost 100 countries.
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.