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Switzerland is heading towards a housing shortage of the kind last seen in the late 1980s. Due to immigration and the trend towards smaller apartments, Switzerland is growing by around 55,000 households each year. It has already become clear that very few apartments will be built for the next two years. The vacancy rate will drop below one percent by 2024.
Municipalities with once high vacancy rates are also feeling the effects of the trend reversal. For example, the rate of vacant flats in Langenthal BE fell from 5.05 percent in 2019 to 2.17 percent in 2022. Vacancies are surveyed by the federal government on a reference date (June 1) each year. 2023 figures are still pending. However, it is already clear that vacancies will continue to decline, even in remote communities.
Overflow pools are filling up
Housing shortages in Swiss cities are drawing people into the countryside. Even the old ghost towns are full today. “Such superstructures are like overflow pools that are now filling up,” says Donato Scognamiglio, 53, president of real estate consulting firm Iazi. The current market situation is moving tenants away from city centers.
“This is partly due to the lack of housing in cities,” says property expert Robert Weinert (44) of Wüest Partner. But it is also related to the prevalence of the home office. “Usually, people who work at home don’t have to live this close to the city center anymore,” Weinert says. In return, such tenants want one more room. And you can afford it a little outside.
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.
