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The vacancy rate in the city of Zurich is 0.07 percent – a record low and reflects the city’s acute housing shortage in Limmat. This is now causing the flowers to bloom: apartment seekers offer the administrations additional rent of up to 500 francs to buy a new flat. That’s what property management companies Verit and Privera tell their online portal “nau.ch”.
This happens “regularly” with first-time rentals, according to the report. But management insists they won’t respond: “There are strict instructions for our employees to decline such ‘offers’,” Privera said of “nau.ch”.
Tenants’ association: “fire hazard”
Fabian Gloor (37) of the tenants’ association criticizes such proposals in the report as “immoral and extremely dangerous”. Unlike selling an apartment, when renting an apartment, the owners cannot place the bid to the highest bidder. On the contrary, according to the tenants’ association, the lease should be based on the mortgage interest rate. This is done using the reference interest rate.
However, Gloor does not only blame property owners and administrations. “Even those looking for flats who make such offers act in a lack of solidarity with other people looking for flats,” he told Nau.ch.
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.
