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This is the result of the OWI online housing index released today Thursday and determined by the Swiss Real Estate Institute on behalf of SVIT Switzerland and HEV Switzerland. As a result of this shortage of supply, homeowners no longer had to advertise their apartments an average of 28 days a month.
That’s 3 days less than the same period last year (-10 percent). The decrease in the publication time of the advertisements is less than the number of advertisements, indicating that the demand is slightly weaker across the country. The Swiss rental apartment market is drying up. Housing supply is currently below pre-Covid pandemic level.
Tenants stay in their apartments longer
“This means that tenants stay longer in their previous apartments. The results are twofold: On the one hand, it becomes difficult to establish a household, on the other hand, the mobility of the households decreases.
The market for rental flats was the most tense in the canton of Zug, with an advertising period of 7 days, followed by Zurich and Schwyz (15 days each). The cantons of Ticino (48 days) and Jura (56 days) were located at the other end of the scale. Advertising times were shortened in all cantons, but most notably in more rural cantons (-10 days each) such as Nidwalden, Uri, Schaffhausen and Appenzell Innerrhoden.
Only posted online for a few days
Only the number of declared apartments in the canton of Jura slightly increased. Market developments in western Switzerland are slightly less pronounced than in German-speaking Switzerland. The reduction in apartments advertised here, and hence the reduction in advertising times, is limited.
In the twelve cities surveyed, the majority of demand for more expensive flats increased, while the majority of demand for cheap flats fell. Demand for flats increased in eight of the twelve cities, with a gross rent of between 2,500 and 3,000 francs. Demand for more expensive apartments increased the most in the city of Bern.
On the other hand, demand for cheap apartments with monthly rents of less than 1,000 francs decreased: they were less popular in nine of the twelve cities. As said, only in Bern, Geneva and Lugano the demand for cheap apartments was higher. (pbe/SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
