Rents in Switzerland are not immune to the surge in real estate prices observed in Western countries, whether in rental, acquisition, or construction. However, Swiss cantons are not on an equal footing. So, to understand the Swiss real estate market, let's take a look at which cantons are most affected.
2022 was a record-breaking year, and if you're currently looking for an apartment to rent, you've probably noticed. Rents in Switzerland have indeed increased by an average of 2.8%. There are several explanations for this surge in the Swiss real estate market. First, there is a shortage of available rental properties, which naturally drives up prices in the most sought-after cantons. In addition, inflation and the rise in energy prices have multiple impacts on the amount of rent. This can simply be an increase in heating costs, but also the increasingly expensive cost of renovating and constructing housing in Geneva and around the world. However, rents are not increasing homogeneously... Some
However, these reasons do not explain a new phenomenon of rent increases in mountainous cantons. The Covid crisis and its lockdowns have favored the growth of telecommuting. Many Swiss residents have wanted to go even further and settle in less urban regions to get closer to nature and live in a more peaceful environment. This is how the palm of rent increases in Switzerland goes to the canton of Grisons, with a growth of 6.7%. Because this trend has pushed more people to look for an apartment to rent in this type of canton. As a result, when demand increases, prices follow..cantons are more exposed than others to this price hike.
Nevertheless, it is difficult to mention a potential urban exodus when we see the very strong increase in rents in cantons with the most city dwellers. Renting an apartment in Geneva has never been so expensive, with monthly increases that could reach 1% during the year 2022. We also note a rent level that is increasing by 6.2% in Zurich, 5.3% in Lugano, and 3.7% in Basel, which is more than the average increase, let's recall, of 2.8% over the year. Faced with this situation, it is more important than ever to consult numerous real estate ads to compare prices and find an apartment to rent that meets your criteria while staying within your budget. By using SherlockHomes, the specialist in real estate rental in Switzerland, you increase your chances of finding the ideal housing.
This article cannot be exhaustive and does not engage the responsibility of its author.
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