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ImmovableRents and house prices climbed 4.3% in 2022
Ticino posted the strongest growth by far, ahead of Greater Zurich and the Lake Geneva region, according to the Swiss Marketplace Group.
The Lake Geneva region, here Rolle, saw a 3.8% increase in rental properties last year. (illustrative photo)
VANESSA CARDOSO/ VQH
No gift in December for tenants. Indeed, rents experienced a real final sprint at the end of 2022: according to the analysis of offers published in advertisements, landlords increased their prices by 1.1% last month. This brings the rise in rents to 4.3% over the whole year, according to the Swiss Real Estate Offer Index, published on Wednesday by SMG Swiss Marketplace Group and the real estate consulting firm CIFI. As a reminder, the OFS has just announced an overall annual inflation of 2.8% in 2022.
But the evolution of rents offered varies greatly from one region to another. It is Ticino which shows by far the strongest increase (8.4%), ahead of Greater Zurich where prices increased by 6.1% in 2022. The Lake Geneva region follows with an increase of 3.8%. The increase in rents was a little lower in Eastern Switzerland (3.2%), in Central Switzerland (3%), in Mittelland (2.7%). Northwestern Switzerland posted the lowest increase (2.3%).
House prices are also rising
It’s not just rents that went up in December. Single-detached home prices also jumped 1.4%. Over the year as a whole, the increase was even 4.7%. It is even stronger in the condominium segment, where properties have been listed for sale at prices 6.2% higher this year, according to the index. “Sellers of single-family homes are optimistic regarding the market development. The new tightening of the Swiss National Bank on interest rates has not changed anything,” the statement said.
On the other hand, the market remains unfavorable for anyone dreaming of owning a property. “Many have seen that dream slip away a little further. and it is still unclear whether potential buyers will be willing to bear ever higher costs,” says Martin Waeber, Head of Real Estate at SMG Swiss Marketplace Group.
(cht)