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Affordable housing is less than it has been for a long time, especially in cities. Politicians have known this for a long time. The housing shortage is now worsened by a cocktail of inflation and generally higher costs, rising core interest rates, and declining construction activity. So much so that there is talk of “social tensions”.
Even for relatively “traditional” apartments, prices are already skyrocketing. At the same time, almost exclusively high-end, even luxury, apartments are built, as Blick recently pointed out with an example in Zurich. In a new residential area in Zurich-Wollishofen, there is a discount Aldi on the ground floor and 3.5 rooms on the upper floor for 7590 francs. Blick looked at other examples in Switzerland’s three largest cities.
one
Zurich: 2,5 rooms, 87 m2
In the heart of “Chreis Cheib”, right next to Helvetiaplatz and Volkshaus, is a two-storey flat at a proud price. The rest is the “modern standard”: washing tower, ceramic floor tiles, multimedia socket. Is the location at the Zurich hotspot really that valuable?
2
Geneva: 2,5 rooms, 85 m2
The exact address is not available, but the pictures show a well-kept, modern apartment in Florissant’s central district. The apartment is in a block of flats, sorry, “luxury building”. The beautiful interior is complemented by disturbing facts: 6 m2 Terrace, stone floor in rooms, small garage box. Access to the on-site pool in the building likely drives up the price.
3
Basel: 3,5 rooms, 123 m2
Basel seems much cheaper than Zurich or Geneva, at least for small apartments. In the current example, there is still a lot of room in the middle of the old city. Beautiful roof terrace, two bedrooms, two floors, angled floor plans. Unfortunately not a case for families. A prime example of “so much living space for a few”.
4
Zurich: 3.5 rooms, 100 m2
Ok, the apartment is in “Wollywood” (Zurich-Wollishofen) and offers beautiful lake views. Except for the roof terrace, the space is narrow. Everything is already here, from “dish tablets to toothbrush containers”, everything is “high quality”. Target group: Wealthy temporary residents with a good salary and limited employment contract. Good job, but affordable housing for long-term residents also falls out of favor here.
5
Geneva: 3 rooms, 94 m2
4500 francs sounds almost normal. The large and modern kitchen fascinates in the pictures. Not very exciting otherwise: The last renovation was 2014, rooms and living room not outstanding, views of the blocks, location on the main arterial road in the northernmost part of the city. The price can probably only be justified by its proximity to the UN headquarters.
6
Basel: 4.5 rooms, 137 m2
It doesn’t sound like an exaggeration for the size. And it’s close to the popular Bruderholz area. But in Binningen BL. The appearance of the blocks is “modern standard”, which is also given here, but without flair. For a little more money, there is also an equally sized apartment with uninterrupted views of the Rhine in the heart of Basel, right next to the Johanniterbrücke.
7
Zurich: 3,5 rooms, 130 m2
Yes, we are in the luxury segment. The penthouse with roof terrace is located in Schützengasse, right next to the Globus on Bahnhofstrasse, a stone’s throw from the main train station. Very suitable. But you will never truly find peace. You can rent monthly or yearly. We’re almost in the Airbnb zone.
Housing shortages drive prices up. Building more is not a solution as there is only a limited number of new construction sites. That means “compact”. As a result, many old residential buildings are currently being demolished and rebuilt. These are not necessarily luxury apartments. However, new regulations on sound and heat insulation, heating and many more mean that new buildings are more expensive and therefore require higher rents. Meanwhile, the increased demand is hardly met by the available apartments, so prices are likely to continue to rise.
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.
