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No one is safe from the people of Zurich anymore! Townspeople are swarming everywhere. They move to neighboring communities such as Wallisellen, Regensdorf, Rümlang and Opfikon. But also to Winterthur, Rheinau and Wetzikon. No wonder. Because there is not enough space in the city.
Vacancies in Zurich are already historically low. At the same time, the number of people seeking accommodation is expected to increase by 9,000 this year due to job growth in Zurich. This is illustrated by new figures from the Zürcher Kantonalbank ZKB.
A study by the bank examined for the first time where people who can no longer find an apartment in the city go. The result: They often move to places with good public transport links to the city.
Usually these are the surrounding communities. But Zurich residents are also moving further and further away. For example in Frauenfeld and Schaffhausen, because the cities are well developed. “City residents are also increasingly drawn to Aargau,” says Ursina Kubli, 43, Head of Real Estate Research. According to the data, Wettingen and Baden are particularly attractive there.
Thus, the acute housing shortage in Zurich has consequences beyond the cantonal borders. Does this also mean that the Zurich tenancy will soon be available outside of Zurich? This largely depends on how well individual municipalities are able to meet the growing demand. “In some areas, the pressure on the housing market will increase,” says Kubli. This means that rents will increase and it will be difficult to find a new flat.
For example, pressure is particularly high in Wallisellen, Rümlang, Opfikon, Rheinau and Kleinandelfingen. Rümlang is growing at a rate of about 1.2 percent relative to the population. Additionally, there is almost 1.4 percent interest from other communities – namely newcomers. The low vacancy rate of 2.2 percent and the low level of construction means that Rümlang cannot afford this additional interest. This means that the rents demanded will increase.
Kleinandelfingen is also growing strongly. Residents realize that things have changed: “A lot has been built recently. Speaking to Blick TV, Brigitte Gehring, 58, says living prices are rising. He and his daughter run a flower shop in the village.
However, those looking for apartments do not have to wait in line everywhere. Volken, for example, will be able to welcome newcomers well. Because vacancy rates over three percent are higher than the Swiss average and there is new construction activity. The same is true for Dübendorf, Berg am Irchel and Elsau.
But it’s not just the people of Zurich that have dispersed. This behavior can also be observed in other cities in Switzerland. “It’s a big city phenomenon that’s very popular,” says Patrick Schnorf, 48, partner at consulting firm Wüest Partner. In addition to Zurich these are Lausanne, Geneva, Basel and Bern. Just because of the number of jobs there is a very high need for apartments. And it can no longer be covered.
In all of these cities, the first contiguous communities are in high demand. “Such piles are growing faster than cities themselves, and demand for apartments is greater than supply,” says Schnorf. As a result, rents are rising faster than the Swiss average. Historically, rents in such communities have increased by 1.5 percent or more per year. The increase will likely be even higher in the next two years. “Increases of up to 4 percent are possible,” says Kubli.
The situation is serious and will only get worse. Experts agree that new apartments are now needed more than ever. “We must now use all our energies to make new living spaces possible,” says Kubli. Problem: It’s not that easy in Switzerland. “The number of objections has exceeded an unhealthy level,” says Kubli. This applies not only to cities, but also to rural areas. It has become a nationwide problem.
Kubli advocates limiting appeal possibilities. For example, by protecting individual interests less than the interests of the general public in the future. You have to ask yourself: Which is more important – living space for all or noise protection for the few?
The growing Swiss population requires more and more living space, and yet fewer and fewer applications are made for construction. From where? ZKB cites basic structural conditions as the justification for its real estate research: building a house is like a hurdle race.
It now takes an average of 140 days from the zoning application to the building permit. That’s 67 percent longer than in 2010. The more densely populated an area is, the longer the delays. As a result, it takes around 200 days for an application to be approved in the canton of Zurich. The canton of Geneva has to wait the longest for a permit – 500 days.
But things can still go wrong even after the builders get their bags in the permits. “It is not for nothing that appeals is called the fifth national language,” says Ursina Kubli, 43, Head of Real Estate Research at ZKB. Despite the building permit, one flat is not built for every tenth. As a result, 4,000 apartments are missing every year in the rental housing market and the trend is rising. (kae)
The growing Swiss population requires more and more living space, and yet fewer and fewer applications are made for construction. From where? ZKB cites basic structural conditions as the justification for its real estate research: building a house is like a hurdle race.
It now takes an average of 140 days from the zoning application to the building permit. That’s 67 percent longer than in 2010. The more densely populated an area is, the longer the delays. As a result, it takes around 200 days for an application to be approved in the canton of Zurich. The canton of Geneva has to wait the longest for a permit – 500 days.
But things can still go wrong even after the builders get their bags in the permits. “It is not for nothing that appeals is called the fifth national language,” says Ursina Kubli, 43, Head of Real Estate Research at ZKB. Despite the building permit, one flat is not built for every tenth. As a result, 4,000 apartments are missing every year in the rental housing market and the trend is rising. (kae)
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.
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