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Tag: homegate.ch

  • Rental prices rose slightly by 0.26 percent in February

    Rental prices rose slightly by 0.26 percent in February

    The rental index of the online real estate marketplace homegate.ch in cooperation with the Zürcher Kantonalbank rose again in February. According to a press release , rental prices rose slightly by 0.26 percent. The index was thus slightly higher than in the previous month at 117 points.

    Rental prices have risen in almost all cantons and cities, above all in the canton of Graubünden by 2.15 percent. There was a drop in rents there in January, which has now been offset by the increase in February. In addition to Graubünden, Appenzell, Glarus, Schwyz and Valais also recorded an increase of more than 1 percent in February.

    With the exception of Bern and St.Gallen, rents rose in all cities in February, with the strongest increases in Lausanne at 1.7 percent and Lugano at 1.41 percent. In the respective cantons of Vaud and Ticino, on the other hand, prices rose less sharply or even fell.

    Rents in the canton of Zug have fallen by 0.56 percent. Rents rose significantly here in January. “A comparison of the cantons shows that, in addition to the majority of increases in rents, there have also been fluctuations over the last few months,” says the press release.

  • Homes are getting more expensive

    Homes are getting more expensive

    The real estate platform homegate.ch , which belongs to the TX Group , has published the “Home Market Price Analysis” report, which was drawn up jointly with the Swiss Real Estate Institute . It examines the price development of real estate in the four regions of Berne, Lake Geneva, Northwestern Switzerland and Zurich. According to the results , home sales prices have increased in 2021.

    In the Geneva region, the price increase for owner-occupied homes was the highest at 8.9 percent. However, prices have been falling in 2020. The increase is therefore described as a “catch-up effect”. At 8 percent, Zurich recorded the second largest price increase.

    When it comes to prices for condominiums, the Zurich region continues to be the most expensive. In contrast, the most expensive single-family homes are in the Lake Geneva region. However, the Northwestern Switzerland and Bern regions are also catching up. For example, average single-family house prices grew the most in Northwest Switzerland at 11 percent, followed by the Bern region (9.1 percent).

    On average, prices for single-family homes and condominiums rose by 9 percent and 8.3 percent respectively in 2021. According to the report, this is the highest price dynamic for residential property in the regions examined for ten years.

    Second home prices have risen particularly sharply by 35 percent in 2021 after falling by more than 20 percent last year. “Price increases for first homes are astounding, but for second homes, due to the strict supply restrictions imposed by the second homes initiative, a market has been created that is ideal for real estate speculation,” explains Peter Ilg, head of the Swiss Real Estate Institute.

  • Falling vacancies are driving the strongest rental growth since 2014

    Falling vacancies are driving the strongest rental growth since 2014

    The rent index compiled by the real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank ( ZKB ) shows a 1 percent increase in asking rents in Switzerland for the past year. According to a press release , this is the strongest rental growth since 2014. The development varied from region to region. While the mountain regions increased in 2021, growth slowed in many centers. The index rose again in December 2021 compared to the previous month by 0.3 points to 116.4 points. That is an increase of 1.04 percent compared to the previous year.

    According to the press release, the Swiss rental housing market has been characterized by rising vacancies for years. A targeted reduction in the number of new buildings in regions with high vacancies caused rental prices to rise. With a plus of one percent, asking rents in 2021 recorded moderate, but nonetheless the strongest growth since 2014. In the corona pandemic, the willingness to spend on housing also tended to increase somewhat.

    The development varied from region to region. The trend in asking rents in French-speaking Switzerland was mostly down. Valais and Vaud recorded positive increases, while in the rest of western Switzerland mainly rent declines predominated, according to the announcement. In the canton of Zurich, rents rose by 1.1 percent and in Aargau by 2.1 percent. The increase was clearer in the mountain regions. In Graubünden, asking rents rose by 4.7 percent, in Uri and Nidwalden by 2.7 percent and 2.5 percent. The increase can be explained by the popularity of holiday properties in the mountains during the corona pandemic.

    In larger cities, asking rents even fell in some cases, in Geneva by 1.9 percent and in Lausanne by 0.3 percent. Zurich shows only a small growth of 0.5 percent. The front runner is Bern with annual growth of 2.6 percent.

  • 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.

  • There are great price differences in real estate

    There are great price differences in real estate

    Homegate.ch finds big differences in the purchase price of residential properties within Switzerland. Geneva and Zug are proving to be the most expensive cantons to buy a home, as the real estate platform belonging to TX Markets AG writes in a press release. Interested parties can only buy a 1.5 room apartment there for CHF 500,000. The same amount of money can be used to buy a three-room apartment in the canton of Zurich. In the cantons of Uri, St.Gallen and Jura, the budget is even enough for a 4.5 room apartment.

    Homegate.ch also detects major differences in property prices within the individual cantons. In some municipalities in the canton of Zurich (Elgg, Gossau or Mönchaltorf), a 3.5-room apartment can be purchased for CHF 500,000. In other municipalities (City of Zurich, Horgen or Männedorf) the money is only enough for a 1.5-room apartment.

    Overall, the purchase prices for real estate have risen in all cantons over the past ten years. Real estate has risen most in price in the canton of Zug. There the prices for a 4.5-room condominium rose from CHF 900,000 in 2010 to CHF 1.3 million in 2020. That corresponds to an increase of 45 percent.

    The rental prices are also very different depending on the canton. And here, too, Geneva and Zug prove to be particularly expensive. The city of Zurich also has comparatively high rental prices. Appenzell Ausserrhoden or Jura are considered cheaper. In the past ten years, rental prices have increased less than purchase prices.

  • Asking rents continue to rise

    Asking rents continue to rise

    The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank closed at 115.6 points in February. Compared to the previous month, the prices for advertised rents have risen by an average of 0.17 percent, explains homegate.ch in a corresponding message. At the beginning of the year, too, prices had risen by an average of 0.17 percent. An increase in rental prices of 0.96 percent has been observed over the past twelve months.

    In a monthly comparison, rents have risen in most cantons, writes homegate.ch. The sharpest increase in asking rents was registered in February in the canton of Schaffhausen, at 1.37 percent. In Zug and Glarus, asking rents also increased at an above-average rate of 0.84 and 0.69 percent, respectively. On the other hand, declines were measured in the cantons of Graubünden, Geneva and Ticino with values between -0.48 percent and -0.19 percent.

    Homegate.ch makes different developments in the cities. The biggest increase was measured in a month-on-month comparison with 0.78 percent in Lugano. The asking rents in Lucerne and St.Gallen each increased by 0.20 percent compared to January. In Lausanne, Geneva and Bern, however, rents fell between 1.18 and 0.49 percent.

    In the quality-adjusted recording of rental price changes for the rental index, the rental prices are corrected for the different quality, location and size of the apartments. This makes it possible to record the actual rental price development, it says in the message.

  • Asking rents rise at the beginning of the year

    Asking rents rise at the beginning of the year

    The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank closed at 115.4 points in January. Compared to the previous month, the prices for advertised rents have risen by an average of 0.17 percent, explains homegate.ch in a corresponding message . An increase in rental prices of 0.87 percent has been observed over the past twelve months.

    In a monthly comparison, homegate.ch shows different developments for the individual cantons. The strongest rise in asking rents in January, at 1.59 percent, was observed in the canton of Nidwalden. In the cantons of Appenzell-Innerhoden, Appenzell-Ausserhoden, Uri and Wallis, asking rents rose above average with values between 1.08 and 1.24 percent. Declines were measured in the cantons of Zurich, Neuchâtel and Jura with values between -0.57 percent and -0.10 percent.

    Homegate.ch also makes different developments in the cities. The largest increase was measured here in a monthly comparison of 2.01 percent in Lausanne. The analysts describe the development in Zurich as “noticeable”. Here rental prices fell by 1.00 percent in January compared to the previous month.

    In the quality-adjusted recording of rental price changes for the rental index, the rental prices are corrected for the different quality, location and size of the apartments. This makes it possible to record the actual rental price development, it says in the message.