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Tag: SMG Swiss Marketplace Group AG

  • Asking rents are developing differently

    Asking rents are developing differently

    The rental index, which is collected monthly by the digital real estate marketplace Homegate in cooperation with the Zürcher Kantonalbank , closed in May at 117.6 points, Homegate informs in a press release . Compared to the previous month, advertised rents increased by an average of 0.2 percent across Switzerland. The analysts of the index have observed different developments within the individual cantons.

    Rents have remained relatively stable in most cantons. In the canton of Geneva, asking rents in May were 1 percent lower than in April. In the cantons of Zug, Graubünden, Appenzell Innerrhoden and Appenzell Ausserrhoden, on the other hand, the analysts identified significant increases of between 1.1 and 4.1 percent. However, they mainly attribute the jump of 4.1 percent in the canton of Zug to a decline in the previous month.

    In the eight cities examined in the index, the analysts identified an increase in asking rents of 0.7 percent in St.Gallen and a decrease of the same amount in Geneva and Lausanne. The two cities in western Switzerland are also the only ones where analysts have observed a drop in asking rents year-on-year.

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

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

  • Asking rents remain stable in April

    Asking rents remain stable in April

    The monthly rental index collected by the digital real estate marketplace Homegate in cooperation with the Zürcher Kantonalbank ( ZKB ) was stable in April. According to the media release , asking rents in Switzerland rose minimally by 0.2 percent. The index now stands at 117.4 points. Asking rents rose the most in the last month, at around 1.7 percent, in the canton of Nidwalden. They have fallen significantly in the canton of Zug by around 2 percent. In the other cantons, asking rents also remained stable in April, with fluctuations of less than 1 percent.

    In the cities surveyed, too, the development of asking rents was similarly stable as at the cantonal level. According to the announcement, the biggest change was in Zurich, where asking rents rose by 1 percent. This continues a development of the last five months, in which asking rents there increased by 4.3 percent. Lugano reports the lowest value among the cities at 0.5 percent. Despite the decline in April, Lugano still recorded an increase of 2.1 percent compared to the previous year. However, Homegate reports that it is a long way from the peak in July 2016.

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

    Homegate was founded in 2001 and is a division of SMG Swiss Marketplace Group AG .

  • A year to forget? Not for homeowners and tenants!

    A year to forget? Not for homeowners and tenants!

    2021 is unlikely to be remembered as a bright year – the never-ending pandemic sends its regards. However, a reliable source of positive news has been the real estate market. Owners of condominiums were able to post an increase in value of 7.3 percent over the course of the year, while the increase in single-family houses was almost as high at 6.9 percent. This is shown by the evaluation of sales advertisements as part of the Swiss Real Estate Offer Index, which is collected by the Swiss Marketplace Group in cooperation with the real estate consultancy IAZI.

    The reason for the significant increases in value is probably not solely due to the changes in living requirements due to the pandemic. The economy is also developing solidly, immigration is continuing and the supply of land is becoming increasingly scarce. At the same time, consumer prices have risen sharply, which further increases the attractiveness of tangible assets such as home ownership as protection against inflation.

    No bad news for tenants either
    2021 also meant it with tenants: inside not bad. Anyone looking for a new apartment was able to benefit from a minimal decline in asking rents of 0.3 percent over the year on average. The fact that the rent trend tipped into the red is thanks to a veritable year-end spurt: In December, a nationwide drop of 0.9 percent was registered.

    What will 2022 bring for the Swiss real estate market? “Under the current conditions, the new year should also come up with rising property prices. Whether the trend turns around is largely up to the monetary authorities: The American central bank (Fed) has announced that it will raise the key interest rate faster than planned. If the European (ECB) and Swiss monetary authorities (SNB) join in, prices would also fall in this country, ”says Martin Waeber, Managing Director Real Estate, Swiss Marketplace Group.