The six major Swiss cities where rents are falling
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Loading... - Blake Barnes
- 03 Feb 2022
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A recent study by Swiss comparison site Comparis shed light on trends in the country’s rental market.
Somewhat surprisingly rents have fallen in the majority of Switzerland’s major cities in recent years, although there have been steep increases in both Zurich and Geneva.
Geneva the rent rise champion
In the past four years, the median monthly rent for a 4.5-room apartment of 90 to 120 square metres in Geneva went up by 4.2 percent to 3,500 francs.
For a 3.5-room flat of 70 to 90 square metres, the rent is 2,640 francs — a hefty 9.5-percent increase.
These are the results of a study released on Monday by price comparison site Comparis.ch, which looked at how rents in Switzerland’s largest cities changed between 2017 and 2021.
However, in the two-room category (45 to 55 square metres) Lucerne takes the lead — the median rent there has risen by 4.8 percent to 1,300 francs.
Zurich is the most expensive in the small-sized accommodation category: rents in Switzerland’s largest city climbed by 4 percent to 1,650 francs.
This is because the proportion of one-person households has dropped in Geneva in recent years, while it increased in Zurich, according to Leo Hug, real estate expert at Comparis.
Rents have also increased slightly in Lucerne (1.25%) and Bern (0.4%).
Where have rents fallen?
One of the surprising findings of the study is that rents have fallen in six of Switzerland’s ten major cities.
This includes Biel/Bienne (0.13%), Winterthur (0.45%), St Gallen (0.57%), Basel (4.5%), Lausanne (4.81%) and Lugano (10.53%).
Lugano, in the southern canton of Ticino, has seen its rents fall by more than 10 percent in all housing categories.
It now has the cheapest rents of any of Switzerland’s top ten cities, with an average of CHF1,700 per month. Read More…
