2024-01-10 09:01:29
Rents offered showed a strong acceleration last year, well outpacing the rate of inflation. The purchase prices of apartments also increased, while those of houses showed a slight decrease. A slowdown is not in sight.
Over the whole of 2023, rents offered in Switzerland accelerated by 4.4% on average, with the price per square meter increasing to 281.2 francs, according to the report from the real estate portal ImmoScout24 and the real estate consultancy firm Cifi published on Tuesday . This is significantly higher than the inflation rate of 2.1% recorded in 2023.
In December alone, the increase was limited to 0.9% over one month.
“After a lateral evolution in the level of rents offered in Switzerland for many years, we now see a massive increase of 8.6% over the last two years,” underlined Martin Waeber, expert from SMG Swiss Marketplace Group, cited in the press release.
Regional disparities have been significant over the past 12 months, with the Zurich metropolitan area showing the strongest acceleration (+5.7%), followed by central Switzerland (+5.4%) and the eastern part of the country (+4 .9%). For the Lake Geneva region, the increase reached 4.3%. Smaller increases were observed in Mittelland (+3.0%), the North-West (+1.9%) and especially in Ticino (+0.5%).
In terms of real estate purchases, apartment prices increased by 2.6% last year, while house prices contracted by 0.7%.
Demand for multi-storey property is currently “pushing prices upwards”, said Waeber. “The prices of individual houses seem to have reached their temporary peak,” added the experts from Immoscout24 and Cifi. According to the latter, “the very high level of purchase prices, combined with a significant increase in external financing costs, is leading to a drop in demand” for houses.
Over the whole of 2023, average annual inflation reached 2.1% – compared to 2.8% in 2022 and 0.6% in 2021 – a development which can be explained in particular by the increase in housing prices. electricity and gas, as well as by the increase in rents.
The increase in rents is likely to continue in the coming months, the result of the increase last December by the Federal Housing Office (OFL) of the reference mortgage rate to 1.75%. Lessors will be able to invoke an increase in this rate to increase the rents indexed to this instrument by approximately 3.0% four months later.
This article was automatically published. Sources: ats/awp
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