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Tag: Immobilienmarktplatz

  • Asking rents on the rise throughout Switzerland

    Asking rents on the rise throughout Switzerland

    The monthly rental index compiled by the digital property marketplace Homegate in collaboration with Zürcher Kantonalbank closed at 123.8 points in October. Compared to the previous month, the index rose by 0.4 per cent overall, Homegate reported in a press release. A year-on-year increase of 4 per cent was observed across Switzerland.

    In a year-on-year comparison, rents rose in all cantons, Homegate reports. At 7.5 per cent, they rose the most in Glarus. This was followed by Valais, the two (combined) cantons of Appenzell, Zurich, Schaffhausen and Schwyz with increases of between 6.9 and 5.3 per cent. The eight Swiss cities included in the index also recorded year-on-year increases in asking rents.

    Compared to September, rents rose in most of the cantons and six of the eight cities included in the index. The experts from Immobilienmarktplatz and Kantonalbank only observed a slight decline in asking rents in the cantons of Obwalden, Nidwalden and Schwyz as well as in the cities of Geneva and St.Gallen. Within the cantons, rents rose the most in Glarus, Schaffhausen and Uri. In the cities, the highest increases were observed in Zurich, Geneva, Bern and Lugano.

    Homegate is a division of SMG Swiss Marketplace Group AG. This combines the digital marketplaces of TX Group, Ringier and Mobiliar.

  • Asking rents continue to rise

    Asking rents continue to rise

    The Homegate rental index now stands at 117.9 points. This means that asking rents increased again by 0.3 percent in June, and by 1.3 percent since the beginning of the year. According to a media release from the real estate marketplace, this is “in stark contrast to the rental price development before the COVID 19 pandemic, when rising vacancies in the Swiss rental apartment market caused nervousness among investors”.

    Because the net rents have also become more expensive, the increased energy costs alone cannot be held responsible. In fact, building applications have been declining for the last two years. At the same time, there is brisk demand for rental apartments. “So just a few years ago there was concern about an oversupply of rental apartments, but these are again extremely scarce in sought-after locations.”

    Homegate describes the half-year increases in the cantons of Zug (5.4 percent) and Graubünden as well as in Appenzell (4.3 percent each) as remarkable. The increases were lowest in the cantons of Basel-Landschaft (0.6 percent) and Ticino (0.5 percent).

    In the cities, demand has increased again since the infrastructure started up again after the first phases of the pandemic, particularly in Zurich (4.8 percent). Lausanne (2.5 percent) and Lugano (1.8 percent) were also above the national average. Only in St.Gallen were rents slightly down (minus 0.2 percent).

  • Swiss keep moving

    Swiss keep moving

    Almost 20 percent of the population moved within the last 18 months, homegate.ch informed in a message. This rate has been observed over the last year and a half, it says there. The pandemic did not reduce the attractiveness of a move. The digital real estate marketplace from TX Group is based on a relocation study it carried out.

    According to the results of the study, Switzerland is still “a land of tenants”, the communication further explains. Over seven out of ten people moved into a rented apartment. Homgate.ch observed moving in together with the partner, professional reasons and dissatisfaction with the current apartment as the most common reasons for moving. The most important criteria for the selection of the new domicile were mentioned by those questioned for the study of the price, the number of rooms and the location. Accessibility, old buildings or the Minergie standard, on the other hand, were only important to a minority in the single-digit range.

    The pandemic had "no lasting effects on moving behavior," writes homegate.ch. However, two thirds of those surveyed claimed that the pandemic had an impact on their relocation plans. The communication specifically mentions problems with viewings and postponing a planned move. In addition, 12 percent of those moving because of the lockdown moved to their partner.

  • 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.

  • Rental prices also rise in the Corona crisis

    Rental prices also rise in the Corona crisis

    As a result of the corona pandemic, an escape from the cities to the countryside or to rural residential areas was expected in the real estate sector because of the supposedly lower risk of infection there compared to overcrowded cities. That has not happened so far. On the contrary, according to the press release on the half-year report prepared by homegate.ch in collaboration with Zürcher Kantonalbank ( ZKB ), cities in particular continue to be very attractive.

    Throughout Switzerland, asking rents have risen by 0.4 percent since the beginning of the year. The slight downward trend of previous years has thus ended and was already broken in mid-2019. The higher rents are particularly evident in the cantons of Geneva with a plus of 4.5 percent, Jura with 1.7 and Uri with 1.5 percent. This trend can also be seen in most of the other cantons, with a few exceptions such as in the cantons of Obwalden and Nidwalden with minus 0.5 percent each, Graubünden and Basel-Land (-0.4 percent) and Ticino (-0.3 percent ). They are still suffering from the weakness in rent trends over the past few years. Vacancies are recorded in many rural cantons and municipalities.

    The half-yearly balance points to the robust rental price development in the cities of Geneva (+3.8 percent) and Zurich (+1.4 percent). This contradicts the expectations regarding the effects of the Corona crisis. However, the report points out, the rental situation could change for another reason, but one caused by Corona. The influx from abroad is likely to decrease and this can lead to downward pressure on rental prices in the case of vacancies, especially in many rental apartment projects that have been started due to the high influx of people to date.