On average you have to pay more for a new apartment in Zug, while apartments offered in Valais or Nidwalden have become cheaper.
Rents requested in the canton of Zug rose 4.6 percent compared to October, as real estate platform Homegate announced on Monday. The canton is said to maintain a series of clear fluctuations for this reason. Because in May, the so-called Homegate rent index for Zug had already reached the same value as in November.
There were also rising rents in Schwyz (+3.2%) and Graubünden (+1.6%). Rents demanded fell the most in Valais (-1.1%) and Nidwalden (-0.9%). Monthly rents for advertised apartments also fell in Obwalden, Uri, Zurich, Ticino, Vaud and Schaffhausen. Rents across Switzerland rose 0.3 percent. The Homegate rent index currently stands at 119.4 points.
Annual comparison: Rents are higher across Switzerland
On the other hand, if you compare the requested rents with the previous year, a different picture emerges: apartments for rent in all regions of Switzerland were offered on average more expensive in November than in the same month of 2021. From a small increase of 0.5 percent in Friborg to a substantial rent increase of 5.4 percent in Schwyz.
The authors of the study separately record the rents of apartments offered in Switzerland’s major cities. This is because prices in urban centers often develop differently than in rural areas around the canton. This situation was also reflected in the rental offer prices in November.
While prices fluctuated from canton to canton on a monthly basis, they fell in most cities. According to the announcement, between October and November, only the rents requested in Basel (+0.7%) and Lausanne (+0.2%) increased on average, while Geneva remained the same.
Cities: biggest drop in rental prices in Zurich
But in all other Swiss cities surveyed, demand prices fell by 0.8 percent in Lugano and 0.6 percent in Lucerne, for example. Zurich recorded the strongest decline with 1.4 percent. However, this does not hide the fact that Zurich is very expensive. And in an annual comparison, those in the city interested in a new apartment in Limmat still have to pay a whopping 6.9 percent rent.
For asking for rent, the Homegate rent index is collected by the Homegate real estate market in cooperation with the Zürcher Kantonalbank (ZKB). According to its own statements, it measures the quality-adjusted monthly change in rental prices for new and releasable flats relative to current market offers. (SDA)