Category: Business

  • Smaller rental apartments save resources

    Smaller rental apartments save resources

    According to a press release , three scientists from the Swiss Federal Institute of Technology in Lausanne ( EPFL ) have tried to find out what is behind the ever increasing space requirements of tenants. The background to this is that residential construction is not only the second largest source of energy consumption and CO2 emissions in Switzerland, right after traffic.

    The researchers at the Laboratory on Human-Environment Relations in Urban Systems ( HERUS ) at EPFL have therefore launched a survey among tenants. In Switzerland they make up 60 percent of the apartment occupancy. The responses from 968 tenants showed, among other things, that 40 percent of them moved into a larger apartment, although their household size had decreased. Only 25 percent would be willing to downsize under the same circumstances.

    The researchers summarized the following main obstacles to downsizing: the large living space serves as a status symbol, the bond with the current apartment and the neighborhood as well as the fear of loss of privacy.

    They propose several solutions: financial incentives to move and a sufficient supply of small apartments in city centers. In addition, there should be apartments of different sizes in the same building so that tenants can move without losing contact with friends and neighbors.

    They also recommend giving tenants who want to downsize, priority over other potential tenants. In addition, the current approach to privacy in the entire building should be reconsidered, says Anna Pagani from HERUS, for example "by providing workshops and music rooms that can be used by tenants".

  • Major merger of Homegate, Ricardo, anibis.ch and Scout24

    Major merger of Homegate, Ricardo, anibis.ch and Scout24

    With the merger of the marketplaces, a monopoly arises in the categories of real estate, cars and classified ads. It’s going to be tight, very tight for the competition.

    The TX Group, the Ringier Verlag as well as the insurance company Mobiliar and General Atlantic, which supports the group with its international expertise in the field of digital marketplaces, are entering into a web joint venture.

    There is a lot involved in real estate. Because homegate.ch owns the marketplaces home.ch , alle-immobilien.ch ,immostreet.ch and now acheter-louer.ch . The immoscout24.ch network includes comparis.ch, HEV Switzerland, Zentralhome.ch, NZZdomizil.ch, osthome.ch and many more. The offer will certainly also be placed on the newspaper portals of various national newspapers. This is how you create a competitive Swiss marketplace offering and can act as a pioneer in the Swiss market. As a spokeswoman for TX announced, all 1000 jobs will remain.

    The TX-Group now holds 31 percent of the shares, Ringier and Mobiliar 29.5 each, and General Atlantic 10 percent. The four shareholders each have 25 percent of the voting rights and are pursuing the medium-term goal of an IPO.

    The CEO is to be Scout24 CEO Gilles Despas, the board of directors is to consist of Mobiliar boss Michèle Rodoni, Pietro Suppino, Mark Walder and Jörn Nikolay.

  • 7. Real Estate Summit at Samsung Hall

    7. Real Estate Summit at Samsung Hall

    At the beginning, FRZ President André Ingold gave an overview of the organization. The network continues to grow: 730 members are now part of the FRZ Zurich Airport Region – Business Network & Location Development.

    Ingold also gave an overview of the largest development projects. It is forecast that the airport region will grow by 20 percent in terms of both population and jobs by 2030. He specifically mentions the Dübendorf Innovation Park, which is intended to increase the attractiveness of the location considerably. The same applies to the Digital Health Center Bülach.

    There were numerous opportunities for small talk and informal discussions in the spacious rooms. The 320 targeted “meet & match” discussions with Internet support were actively used.

    Claudio Saputelli , UBS Switzerland AG, said he did not see a turnaround in the real estate market. In the lecture entitled: “Home office as a game changer in the real estate market?” The upward trend in prices on the housing market continues and the office market remains under pressure. Incidentally, working from home had already been identified as a megatrend 50 years ago, at that time under the term “teleworking”.

    Patrick Eberhard , Eberhard Enterprises, pleaded for sustainability in the lecture “Off to the circular age”. An important element of this is recycling with the help of robots.

    Marloes Fischer , Madaster Services AG, CEO Madaster Switzerland – “Madaster – giving materials an identity” sees considerable savings potential if the materials used in construction are inventoried.

    Marc Walder , CEO Ringier AG & Founder digitalswitzerland, spoke about digitization as an opportunity for business and society. The media company, founded in 1833, decided in 2007 to transform itself into a digital company. In the meantime, Ringier has invested over two billion francs in the digital transformation and increased the digital operating profit from 0 to 65 percent. His maxims include: Constantly improving, thinking long-term and with a clear focus.

    “Creativity is the new currency – Startup and Corporate / SME Collaboration”. That was the title of Eva Wimmers , CEO ISS Facility Services Germany. She pointed out the different perspectives of startups and established companies. The environment brought her to the denominator VUCA: Volatility, Uncertainty, Complexity and Ambiguity. Anders Indset, economic philosopher, spoke about «The infected thinking – why we have to free ourselves from our old self-evident things». He amazed the guests with remarkable thoughts: Err dich happily. We need chaos and order. The art of being wrong. We should tell new stories. Anyone who is interested becomes interesting.

  • Fundamenta Real Estate is growing at double digits

    Fundamenta Real Estate is growing at double digits

    According to a statement from Fundamenta Real Estate AG , the Zug-based real estate company generated net rental income totaling 17.9 million francs in the first half of 2021. In a year-on-year comparison, this corresponds to growth of 10.6 percent. The communication cites the completion of projects and the purchase of new properties as growth drivers. In addition, the company was able to reduce its vacancy rate year-on-year by 0.8 percentage points to 2.7 percent.

    The net profit in the reporting semester was 12.0 million francs, 36.7 percent more than in the first half of 2020. "The strong profit growth" is mainly due to the good operational development and a revaluation success of 5.3 million francs, writes Fundamenta Real estate. The company also points to a “disproportionate increase in operating expenses”.

    The balance sheet value of Fundamenta Real Estate's real estate portfolio exceeded the billion mark for the first time on June 30, 2021. Compared to the end of 2020, the value increased from CHF 991.9 million to a good CHF 1.06 billion. The company acquired three properties in the reporting semester and transferred two projects to the portfolio after completion. As of the reporting date, the portfolio comprised a total of 66 existing properties and two development projects. In July, Fundamenta Real Estate acquired another residential property with 13 residential units in Richterswil ZH.

  • BKW Building Solutions is strengthening itself with takeovers

    BKW Building Solutions is strengthening itself with takeovers

    BKW Building Solutions AG buys Aerovent Crissier SA and Aerovent Service SA. With the takeover, the subsidiary of the BKW Group is expanding its competencies in the areas of ventilation, air conditioning and service in western Switzerland, according to a media release .

    Aerovent Crissier SA is based in Crissier VD. Aerovent Service SA is based in Villars-Ste-Croix VD. With around 40 employees, they work in the fields of building and house technology. The owner of both companies, José del Castillo, as well as co-owner and co-manager Pascal Baudois will remain with the companies.

    “Thanks to their extensive know-how of building technology solutions for smaller conversions through to large administrative, industrial, commercial and school complexes, the two companies have great potential for further development – especially in the service area,” says in the press release.

    In addition to engineering and infrastructure services, BKW Building Solutions is one of three service groups of the energy services company BKW. BKW Building Solutions offers building technology, automation and IT services across the country.

  • Managing Director Audergon leaves arv Baustoffrecycling

    Managing Director Audergon leaves arv Baustoffrecycling

    After five years at the helm of the arv building materials recycling association, Laurent Audergon is leaving. He wants to face a new professional challenge, it says in a letter from association president Adrian Amstutz and the two vice presidents Stefan Eberhard and Laurent Steidle to all members and partners of the association arv Baustoffrecycling Schweiz.

    The board of directors agreed on an immediate end of work with Audergon. However, the departing managing director is available to arv for an orderly handover, according to the letter. The association is therefore looking for a new managing director.

    In the meantime, the deputy managing director Gregor Schguanin will take over the management of the association with the support of the board. He has extensive and longstanding expertise in the areas of inspectorate and environmental protection as well as in-depth experience in project and team management. Schguanin studied cultural engineering and surveying at the Swiss Federal Institute of Technology in Zurich (ETH) and is a graduate engineer and certified consultant for organizational development.

    Audergon is a graduate chemist and civil engineer at the ETH. In his five years as managing director he had a decisive influence on the repositioning and continuous development of arv, the presidents state in their letter. He led the association with great commitment.

    The association arv Baustoffrecycling Schweiz is based in Schlieren.

  • Mountain cantons insist on imputed rental value

    Mountain cantons insist on imputed rental value

    The intergovernmental conference of the mountain cantons of Uri, Obwalden, Nidwalden, Glarus, Appenzell Innerrhoden, Graubünden, Ticino and Valais (RKGK) is against the Federal Council’s plan to abolish imputed rental value for second homes as well. It would result in a loss of income of around CHF 200 million a year, explains the RKGK in a press release. On the other hand, the RKGK has no objections to the planned abolition of the imputed rental value for main apartments.

    The mountain cantons have already been hit by the Second Home Act of decisive economic effects, writes the RKGK. In contrast to the Federal Council, the mountain cantons see further need for action here. Specifically, provisions are to be changed, “the application of which leads to objectively negative results or leaves insufficient scope for innovative solutions”.

    The RKGK is also calling for improvements to the message passed by the Federal Council on electricity supply with renewable energies. Among other things, the mountain cantons want to have extended the current maximum water rate. With electricity prices rising as a result of climate policy, the electricity companies are still “in a position to pay today’s water rates without any problems,” argues the RKGK.

    Furthermore, the RKGK criticizes the approach to the Postal Organization Act: Here the Federal Council has pushed ahead with a message without waiting for the results of an expert commission it has set up itself. However, the responsible commission in the Council of States has postponed its deliberations until the results have been presented. “Against this background, it cannot be tolerated in any way if Swiss Post continues to dismantle its services in the run-up to the political discussion,” says the RKGK.

  • Betterhomes Switzerland has over 22,000 referrals

    Betterhomes Switzerland has over 22,000 referrals

    In the first ten years of its existence until 2016, Betterhomes Switzerland brokered 10,000 properties. Now the brokerage company from Zurich, which is active in Switzerland, Germany and Austria, has cracked the 22,000 mark in Switzerland, informed Betterhomes in a message. This means that the number of referrals has more than doubled within five years.

    The company attributes this success to its hybrid business model. “When it comes to real estate brokerage, we at Betterhomes have been a pioneer in combining state-of-the-art technology and local expertise,” CEO Cyrill Lanz is quoted in the press release. Specifically, the company uses self-developed software and an interest database as well as access to all relevant real estate portals. This is supplemented by a network of local brokerage firms.

    In addition, Betterhomes does not charge a fixed price, but a success commission. Fixed-price models often contain hidden costs, explains Lanz. “Often, for example, visits are not included in these fixed prices and have to be paid for separately.” In addition, the company boss points out the function of technology as a supporting element. The focus of real estate brokerage by Betterhomes would continue to be “the human factor or sales competence”.

  • Swiss Prime Site can look back on a successful half-year

    Swiss Prime Site can look back on a successful half-year

    According to a message from Swiss Prime Site , the Olten real estate company generated income totaling 362.8 million francs in the first half of 2021. Adjusted for the sale of the subsidiary Tertianum, which was completed in February of last year, this corresponds to growth of 6.3 percent, explains Swiss Prime Site. All of the real estate company’s divisions contributed to the “pleasing growth”.

    In the core real estate segment, the pandemic led to a drop in income of 5.5 million francs, the announcement further explains. In contrast, rental income adjusted for Tertianum effects increased by 2.2 percent to CHF 213.4 million. The income from investment management for third parties increased by 56 percent to CHF 7.5 million.

    In the half-year under review, Swiss Prime Site reported operating profit before interest and taxes to be CHF 355.6 million. Excluding revaluations and the Tertianum effects, the result rose by 36.6 percent to CHF 211.0 million, the company writes. The EBIT margin increased year-on-year from 45.3 percent to 58.2 percent. The net profit was 257.1 million francs, compared to 269.7 million francs in the first half of 2020. Without the sales proceeds for Tertianum, however, the profit in the previous semester would have been only 64.4 million francs.

    For the entire current year, Swiss Prime Site expects an increase in rental income and income in the area of services. In terms of services, the company is also striving to improve margins.

  • Federal Council advocates abolishing imputed rental value

    Federal Council advocates abolishing imputed rental value

    The Federal Council is in favor of abolishing the imputed rental value. He recommends Parliament to respond to a corresponding submission by the Commission for Economy and Taxes of the Council of States ( WAK-S ), informs the Federal Council in a communication . At the same time, however, the Federal Council advocates three changes to the bill.

    According to the Council of States commission, the imputed rental value should only be abolished for owner-occupied residential property at the place of residence. In return, expenses and in particular mortgage interest for real estate should no longer be tax-deductible.

    The Federal Council, on the other hand, also wants to abolish the imputed rental value on second properties. Expenses and debt interest should continue to be tax deductible if they are used on real estate used to generate income, such as renting. In addition, the Federal Council proposes that tax incentives for energy-efficient renovations be retained until 2050. In the proposal, this is linked to the CO2 law, which was rejected by the electorate.

    The Swiss Homeowners Association (HEV) agrees with two of the three demands of the Federal Council. He was “delighted” that the Federal Council “confirmed the urgent need for trade to abolish imputed rental value taxation,” writes the umbrella association of homeowners and landlords in a message . Like the Federal Council, the HEV is in favor of partially maintaining the debt interest deduction and linking the promotion of energy-efficient renovation to the 2050 climate target. However, the abolition of the imputed rental value of second properties has already met with strong rejection from the “tourism cantons” in the past, writes the HEV.

  • Sika sells industrial coatings business in Europe

    Sika sells industrial coatings business in Europe

    According to a press release, Sika has made the strategic decision to sell its European industrial coatings business based in Vaihingen near Stuttgart, Germany. The buyer is the American Sherwin-Williams Company , the world’s leading supplier of industrial paints and coatings. In contrast, this business offers Sika “little potential for synergies” at group level. The division is therefore “a niche business within the Sika Group”.

    The portfolio includes corrosion and fire protection coatings, which are mainly sold in Germany, Switzerland, Poland and Austria. This offers Sherwin-Williams, whose core competencies include industrial coatings, “an important strategic opportunity to promote growth and expand its market position in Europe”.

    It was “very important” for Sika to “find a suitable strategic owner who will continue to invest in the further development of products and the further training of employees”, regional manager EMEA, Ivo Schädler, is quoted in the press release. “Within this organization, the Industrial Coatings division and its employees have the ideal prerequisites to develop their full potential.”

  • Valuu extends to personal loans

    Valuu extends to personal loans

    Valuu is now also offering digital comparison options for personal loans, informs the owner of the comparison platform, PostFinance , in a message . The corresponding process was developed together with customers and lenders, it says there. Testing and lending are initially the responsibility of Migros Bank, BANK-now, Cembra Money Bank, eny Finance and good finance.

    "As a pioneer in the Swiss market, Valuu offers its customers an independent direct comparison for personal loans", Thomas Jakob, Chief Business Unit Officer Platform Business at PostFinance, is quoted in the press release. "As is already known from the mortgage business, customers can transparently compare individual offers and then apply for them directly online – thus saving time and money."

    PostFinance will continue to optimize Valuu in the future and incorporate new lenders for mortgages and personal loans, according to the announcement. In the long term, the company is pursuing the goal of developing Valuu "into the leading Swiss comparison and conclusion platform in the areas of finance, insurance and provision".

  • CKW buys Elektro Basilisk AG

    CKW buys Elektro Basilisk AG

    CKW AG is growing in German-speaking Switzerland: the Lucerne-based specialist for integrated energy and building technology solutions has bought the Basel electrical company Elektro Basilisk AG . As CKW reports , with this targeted addition, it is optimally expanding its own portfolio. At the same time, it supports the strategy of expanding the building technology business, and especially solar. "Elektro Basilisk AG optimally complements the competencies within the CKW Group both geographically and thematically," Thomas Gisler, head of the electrical business unit at CKW, is quoted as saying.

    The company Basilisk, founded in 1997, offers all services related to electrical and telematics installations, repair services and solar technology. Almost 40 employees work for the company. Like the managing directors, you will remain in the company.

    According to its own information, the CKW Group supplies over 200,000 end customers in the cantons of Lucerne, Schwyz and Uri with electricity. It also offers products and services across Switzerland in the areas of IT infrastructure and communication, electrical engineering and energy technology. CKW employs more than 1900 people.

  • Implenia is back in the black

    Implenia is back in the black

    According to a message from Implenia , the construction and real estate company from Dietlikon generated total sales of 1.88 billion francs in the first half of 2021. Compared to the same period in the previous year, this corresponds to a decrease of 2.2 percent. The focus on projects with higher margins is mentioned in the communication as a background. Despite the stricter criteria, Implenia's order backlog rose by 7.3 percent year-on-year to CHF 6.6 billion.

    Implenia reports an operating result (EBIT) of 40.0 million francs in the reporting semester. Excluding the profit contribution generated by the spin-off Ina Invest, an EBIT of 3.7 million francs was achieved in the first half of the previous year. In 2020 as a whole, Implenia posted an operating loss of 146.8 million francs.

    In the previous year, the company initiated a comprehensive transformation process. Business areas that are not part of the core business or are unprofitable are being cut back and risk management is being improved. Implenia has already implemented a number of adjustments to its portfolio. The announcement mentions, among other things, the divestments of business areas in Germany, Austria and Norway.

    "The operational measures taken have the first positive effects on the results," André Wyss is quoted in the press release. The Implenia CEO sees his company "well positioned to become an integrated, multinational leading provider of construction and real estate services". Implenia is aiming for an EBIT of more than 100 million francs for the current year as a whole.

  • Homeownership prices continue to rise

    Homeownership prices continue to rise

    The Swiss real estate market continues to pick up. As reported by the Federal Statistical Office , the Swiss residential property index rose by 2.2 percent in the second quarter of 2021 compared to the previous quarter. At the end of June it stood at 105.3 points. The value of 100 was reached in the fourth quarter of 2019. Compared to the second quarter of the previous year, inflation was 4.7 percent.

    In all types of municipalities nationwide, prices for both single-family houses and condominiums rose compared to the previous quarter, with single-family homes by 2.6 percent and condominiums by 1.8 percent. The increase in single-family houses with an increase of 4.6 percent was particularly pronounced in rural communities. Condominium prices rose the most in the intermediate communities, by 2.9 percent.

  • Ina Invest has made millions in profit

    Ina Invest has made millions in profit

    Ina Invest closed the first half of 2021 with an operating result (EBIT) of CHF 3.1 million, the Implenia spin-off set up in spring 2020 informs in a message . The real estate company shows a net profit of 2.9 million francs.

    In the previous semester, a loss of just under 2 million francs was incurred. For 2020 as a whole, Ina Invest had already achieved a net profit of 3.9 million francs. With the result “again above expectations”, the company is building on “the successful previous year”, according to the announcement.

    The revaluation of investment properties achieved a profit of 3.8 million francs in the half-year under review. The total value of the real estate portfolio increased by CHF 19 million to CHF 385 million. Ina Invest explains that all of the properties currently being realized are on schedule. In the announcement, the real estate company highlights the tender high-rise in Winterthur. Here, 31 of the 39 apartments have already been sold or reserved.

    Ina Invest also acquired another property with a market value of more than 60 million francs in the six months under review. This means that the company has already exceeded its acquisition target for the year as a whole, the press release explains. Since the transfer of ownership will not take place until the current semester, the purchase will not yet affect the result in the half-year under review.

  • Novavest is growing profitably

    Novavest is growing profitably

    According to a notification from Novavest Real Estate AG , the value of the real estate company's real estate portfolio as of June 30th of this year was CHF 664.3 million. At the end of 2020, the value was 645.4 million francs. The growth was generated primarily through investments in investment properties and projects, explains Novavest. Revaluations contributed CHF 6.3 million to the portfolio's increase in value.

    Rental entries increased by 8 percent year-on-year to CHF 12.6 million. Around 62 percent of rental income is currently generated by residential properties, informs Novavest. The net return on investment properties was unchanged at 3.7 percent in the reporting semester. Compared to the end of 2020, the vacancy rate increased by 0.3 percentage points to 4.3 percent.

    The income was offset by direct expenses for rented properties amounting to CHF 2.0 million. Overall, Novavest's expenses increased by 6 percent year-on-year to CHF 4.4 million. The bottom line was an operating result at EBIT level of 14.5 million francs. In a year-on-year comparison, this corresponds to an increase of 29 percent. At 10.6 million francs, net profit including revaluations was 30 percent higher than in the same period of the previous year.

  • Homes have only limited protection against inflation

    Homes have only limited protection against inflation

    Raiffeisen Switzerland has examined the connection between inflation and the development of the real estate market. In their current report “ Real Estate Switzerland ”, the bank's economists come to the conclusion that the real value of real estate is a myth. The price development over the past 50 years shows that home prices do not automatically rise with inflation rates. "Only in the very long term does the home actually protect against inflation," Raiffeisen chief economist Martin Neff is quoted in a media release.

    In contrast, even the biggest economic and social crisis in recent history, the COVID-19 pandemic, could not throw the Swiss rental housing market off course. “Even if inflation were to rise sharply in this country, we can still expect falling asking rents,” said Neff. In the opinion of the authors, any rising interest rates should not harm professional real estate investors.

    Raiffeisen sees an accelerated structural change in the stationary retail trade. Because "it is rather unlikely that non-food retailers or restaurateurs will scramble for space that is becoming empty after the experience of the last few months".

    The Raiffeisen economists paid particular attention to the “little-screened market” for building land. Buildable land is very scarce in Switzerland. At the same time, free parcels for homes and rental apartments are in great demand in the current low interest rate environment. That has caused prices to rise by almost 70 percent since 2016. Only in tourist communities have the large building land reserves and the law on second homes led to price declines. In contrast, construction prices rose only slightly.

  • UBS warns of overheating in the home market

    UBS warns of overheating in the home market

    According to a release from UBS , the UBS Swiss Real Estate Bubble Index, which is compiled every quarter by the Zurich-based bank, rose from 1.78 to 1.90 points in the second quarter of 2021 compared to the previous quarter. It remains in the risk zone between 1.0 and 2.0 points, explain the analysts of the Zurich big bank in the announcement. As drivers, they have seen sustained high price increases for home prices and accelerated growth in household debt for home purchase.

    Specifically, house prices in the quarter under review were an average of 5.4 percent higher than in the same period of the previous year. Mortgage volumes rose by almost 3 percent over the same period. Here an acceleration of the increase "should be interpreted as a clear warning signal", the analysts write.

    In contrast, the analysts recorded a year-on-year decline of 3.2 percent in asking rents. According to them, the unbroken high demand for residential property for the purpose of renting is primarily due to the expectation of further increases in prices on the residential property market. In individual regions in the cantons of Geneva and Zurich, the analysts have already identified a risk of overheating.

    In general, "the imbalances in the home market" are likely to be "significantly higher than before the crisis" after the effects of the pandemic have been overcome, they predict in the press release. At the same time, they assume that the economic recovery will prevent the index from rising into the bubble zone starting at 2 points.

  • Swiss Prime Investment Foundation achieves high returns

    Swiss Prime Investment Foundation achieves high returns

    The investment group SPA Real Estate Switzerland of the asset manager Swiss Prime Investment Foundation in Olten ( SPA ) closed the first half of 2021 with an investment return of 3.28 percent. In the same period of 2020, the return was 1.66 percent, according to a media release .

    The market value of the real estate portfolio also increased significantly: from 2.31 billion francs in the first half of 2020 to over 2.8 billion francs in the first half of 2021. This is due to transactions and investments. SPA added four properties worth CHF 118 million to the investment group's portfolio, including a retirement center in Bern and five apartment buildings in Schüpfheim LU.

    “The overall portfolio has shown a strong appreciation of CHF 33.8 million net due to the positive developments in new construction projects and marketing success,” the press release continues. The vacancy rate has also fallen from 4.17 to 3.34 percent.

    The investment group SPA Living + Europe, which was launched in 2020, also closed the first six months of this year successfully with a 4.4 percent return after the first transaction. The profit results from the purchase of five retirement and care properties in Germany.

  • Sika expands in the Mexican market

    Sika expands in the Mexican market

    Sika AG expands in Central America and takes over Bexel Internacional SA de CV . The acquisition of the family company will significantly increase the production capacity of the producer of construction chemical product systems and industrial sealants and adhesives, according to a media release . Bexel achieved sales of 35 million francs in 2020.

    Bexel has five production sites, including Mexico City, and primarily supplies hardware stores and building materials dealers. The takeover is intended to strengthen Sika's market position in this rapidly growing metropolitan region. In addition, Sika hopes that the purchase of Bexel will generate sales synergies for its products.

    “Thanks to Bexel, we can ideally expand our geographical presence and our range on the large Mexican market for mortar products in the building finishing sector. So we have together, not least because of the improved market access, an excellent basis for further growth and a strong position in this market. We warmly welcome all new Bexel employees to the Sika team and look forward to a successful future together, ”said Christoph Ganz, Regional Manager Americas at Sika, in the press release.

  • Buildings insurance canton Zurich leaves index unchanged

    Buildings insurance canton Zurich leaves index unchanged

    The Zurich index of residential construction prices, which is collected annually, rose by 1.1 percent to 1057.7 points between April 2020 and April 2021, explains the building insurance of the Canton of Zurich ( GVZ ) in a message . The independent public company will nevertheless keep its insurance index based on the construction price level unchanged at 1025 points in 2022.

    The GVZ last adjusted its insurance index to 1025 points in 2009, the communication further explains. At the same time, the insurance values of the buildings in the canton of Zurich were revised. “The long-term constancy of the index is desirable from an actuarial point of view because it has a positive impact on premium stability,” explains the company.

    In general, the GVZ insures buildings at their new value, the message goes on to say. Property owners can, however, have a new appraisal carried out at any time. This is particularly useful after value-adding investments in order to avoid a possible underfunding of the insurance cover for the property.

  • Rents remain unchanged

    Rents remain unchanged

    The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank closed unchanged at 115.4 points in July compared to June, explains homegate.ch in a corresponding message . In contrast, an increase in rental prices of around 0.7 percent has been observed over the past twelve months. In the individual cantons and cities, the index analysts observed different developments on a monthly basis.

    In the cantons of Geneva and Zug, asking rents in July were 2.5 and 3.5 percent lower than in June. In the cantons of Obwalden and Graubünden, however, they increased by around 1 percent each. “Given these fluctuations, when looking for a property it can be worthwhile to look outside the box and compare offers well over time,” said Fabian Korn from Homegate in the press release. In most of the other cantons, only minor changes in rental prices were observed.

    In terms of cities, the analysts highlight the city of Geneva with a decline of 2.15 percent in July. At the other end of the scale is Lugano, with asking rents up 0.7 percent compared to June. The communication provides an interactive overview of developments in the cantons and metropolises.

    When recording the rental price changes for the rental index, the rental prices are corrected for different quality, location and size of the apartments, is explained in the communication. This makes it possible to record the actual rental price development.

  • Raiffeisen nominates companies for entrepreneur award

    Raiffeisen nominates companies for entrepreneur award

    For the first time, Raiffeisen Bank is also presenting its entrepreneur award in the Espace Mittelland region. With this award it honors SMEs who are committed to “economically sustainable business development”, according to a media release . The six nominees have now been chosen.

    Megasol Energie AG from Deitingen SO is one of them. According to Raiffeisen, the SME is one of the world's leading manufacturers of solar modules. In 2014 Megasol Energie presented a solar module that will be used as a building material for the building envelope – a world first at the time.

    Puralpina ag , Wyssen Avalanche Control AG , Studersond AG and Stuberholz AG are among the nominees from the canton of Bern. Puralpina ag manufactures products for health in Switzerland, Wyssen Avalanche Control AG specializes in avalanche blasting systems, Studersond AG is a manufacturer of machines for soil digestion and Stuberholz AG specializes in timber construction.

    Krummen Kerzers AG from the canton of Friborg is one of the nominees. The logistics company operates internationally and attaches great importance to sustainability.

    The winning company will receive a trophy and prize money of CHF 10,000. In addition, an audience award worth CHF 5,000 will be awarded. The award ceremony will take place on September 9th.

  • House prices keep rising

    House prices keep rising

    At least with the tenants, July is showing its mercy, ImmoScout24 introduces a report on the current Swiss Real Estate Offer Index. It is created monthly by the real estate platform and the real estate consultancy IAZI AG . According to the latest surveys, the rental prices advertised in July fell by an average of 0.6 percent compared to June. The analysts write that the average rental price has fallen to roughly the level at the beginning of the year.

    However, you have observed different developments depending on the region. In central Switzerland and the Lake Geneva region, rents were 0.3 percent lower than in the previous month. In the canton of Zurich and the Central Plateau, no major change compared to June was registered in July. In eastern Switzerland, north-western Switzerland and Ticino, however, rents rose by between 0.3 and 2.3 percent compared to June.

    The prices for single-family houses rose by another 1.5 percent in July compared to June, the press release explains. "Over the past twelve months, the advertised values for single-family houses have even risen by 9.4 percent and are almost reaching the double-digit growth rate," Martin Waeber, COO of Scout24, is quoted there. "Anyone who wants to buy their own home needs an increasingly thick financial cushion – and due to the scarce supply, a good dose of luck."

    The Scout24 group belongs to the insurance group Mobiliar and the media group Ringier . In addition to the real estate platform ImmoScout24, the network of online marketplaces operates the platforms AutoScout24, FinanceScout24, MotoScout24, the classified ads platform Anibis and the marketer Scout24 Advertising.

  • Cantonal banks join emonitor

    Cantonal banks join emonitor

    St.Galler Kantonalbank ( SGKB ), Graubündner Kantonalbank ( GKB ) and Luzerner Kantonalbank AG ( LUKB ) are the new majority shareholders of Proptech emonitor AG . The investment takes place through the company BES Holding AG, which was founded by the three banks.

    Proptech emonitor, based in St.Gallen, digitizes rental and sales processes for real estate. According to a joint press release by the three banks, the aim of all those involved is to establish close cooperation between emonitor AG and the real estate portal newhome.ch . In doing so, they want to gradually expand the network around real estate and living.

    Together with 14 other cantonal banks and other important players in the Swiss real estate industry, SGKB, GKB and LUKB are the owners of newhome.ch, which was founded in 2013. According to the information, they intend to win additional cantonal banks to participate in emonitor in the coming months.

    The cooperation with the cantonal banks enables emonitor to further expand the ecosystem around the issues of housing and real estate in Switzerland, says co-founder and CEO Daniel Baur: "The cantonal banks are the ideal partners for us because they have a high level of trust in the population and enjoy in the real estate market. "

    Enrico Lardelli, member of the management of GKB and new board of directors of emonitor AG, also emphasizes the importance of this strategic partnership for the living ecosystem. Accordingly, the participation of his bank has a "long-term, strategic character".

  • The trend is towards longer-term mortgages

    The trend is towards longer-term mortgages

    The Swiss are increasingly tending towards longer-term mortgages. Ten years ago the five-year fixed-rate mortgage was the first choice, but now more and more people are opting for ten-year loan agreements to build or buy a property. This is the conclusion of the comparison and mediation service MoneyPark, according to a press release .

    A total of 55 percent of the brokered mortgage volume was concluded for ten years in 2020. A further 24 percent of the brokered contracts have been fixed for an even longer term, reports the company based in Freienbach. The proportion of these long-term mortgage products has doubled since 2016. The interest rate averaged a “record low” 0.92 percent.

    The reason for the trend towards longer terms are better options for comparing the products for external financing of a property. The market is also becoming more transparent and more competitive because professional intermediaries such as MoneyPark, in addition to banks, are giving new providers such as insurance companies and pension funds access. "In the past, banks preferred to sell shorter terms, also because, in relative terms, the 'risk-return ratio' is better than with longer terms", Stefan Heitmann, CEO and founder of MoneyPark, is quoted in the press release.

    Furthermore, the current low interest rate environment favors the choice of a long-term fixed-rate mortgage, as the interest rate differences between the terms are small.

  • Holcim achieves record results

    Holcim achieves record results

    Holcim AG posted record results in the first half of 2021. The building materials manufacturer from Zug achieved an operating profit of 1.98 billion Swiss francs. That is 66 percent more than in the same period last year, according to a press release .

    Net sales of CHF 12.55 billion were also 17.4 percent, well above the previous year. Holcim had to accept major losses in the Corona crisis. “Around this time last year, I said that Holcim would emerge stronger from this crisis. These half-year results prove it ”, CEO Jan Jenisch is quoted in the media release.

    The acquisitions of seven companies by Holcim also contributed to the good result. The most recent takeover of roof and pond waterproofing system manufacturer Firestone Building Products saw a 21 percent increase in volume in demand. Due to this positive business development, the company is adjusting its expectations for adjusted operating profit in the current year to 18 percent.

  • Damage to houses is CHF 650 million

    Damage to houses is CHF 650 million

    Damage to buildings amounting to CHF 650 million has arisen due to the strong thunderstorms and rainfall in recent weeks. The Association of Cantonal Building Insurance Companies draws this first balance as of July 27, according to a media release . The association points out that in 19 of the 26 cantons the cantonal building insurance covers the repair costs.

    It also informs that homeowners in those cantons in which cantonal building insurance (KGV) is mandatory are automatically insured against natural hazards such as flooding. "The KGV insurance coverage is fully guaranteed even in the event of major events such as those of the last few weeks."

    The association also provides building owners with online maps on which they can see how endangered their location is, for example from hail, floods and surface runoff. Accordingly, they could take these natural hazards into account when renovating and building new ones.

    Local heavy rain had led to flooding in early July. Parts of southwest Germany and Belgium were particularly hard hit, with numerous fatalities and destroyed houses and streets. In Switzerland there was only property damage. However, the building insurance of the Canton of Zurich asks its customers to be patient on its website, due to an "extraordinarily large number of incoming damage reports".

  • Pandemic stimulates housing market

    Pandemic stimulates housing market

    The number of advertisements for rental apartments on Swiss real estate portals increased by around 13 percent year-on-year between April 2020 and March 2021, writes SVIT Switzerland in a statement on the current online housing index (OWI). It is prepared every six months by the Association of the Real Estate Industry in cooperation with the Swiss Real Estate Institute . In the current OWI, the analysts registered around 513,000 advertisements for rental apartments.

    The average period for which an apartment has to be offered until it is rented has simultaneously been reduced by two to 32 days, the analysts further explain in the press release. For them, the shortened advertising time and the increasing number of advertisements are a sign of increasing demand on the rental housing market with a simultaneous decrease in rental periods. "It can be assumed that the pandemic was the trigger for many tenants to review and adjust their own living situation," the message says.

    In 21 of 26 cantons, the analysts observed a year-on-year decrease in advertising time. The advertising times in French-speaking Switzerland have hardly changed, while in German-speaking Switzerland they have decreased in all cantons. The canton of Zug currently has the shortest advertising time at 14 days. Ticino ranks at the other end of the scale. Here, apartments have to be advertised on average for almost two months before they can be rented.

    In the cities, the analysts observed a “sharp rise” in advertisements for rental apartments in the reporting period. After 3.5 percent in the previous year, the number of advertisements in the “Corona year” in the twelve cities examined increased by 32 percent. However, because the average length of advertising has barely increased, the analysts assume that there will be relocations within the cities. "The much-cited urban escape" could not be proven with the figures, it says in the message.