Sunday , December 22 2024
Home / SNB & CHF / Swiss continue to rent rather than buy houses

Swiss continue to rent rather than buy houses

Summary:
Some 59% of Swiss households were rentals in 2015, according to the most recent figures. The average monthly rent across the country came in at just over CHF1,300 (,395). The numbers were released on Monday by the Federal Statistical Office and reflect the situation at the end of 2015, when 2.1 million rented accommodations were recorded. The regions with the highest proportion of renting were the urban cantons of Basel City (83%) and Geneva (78%). At the other end of the scale came Valais and Jura, with 38% each. + Read more about the system of housing in Switzerland In terms of prices, the net monthly average in 2015 came in at CHF1,306. The cantons of Zug, Schwyz and Zurich were the most expensive; Jura,

Topics:
Swissinfo considers the following as important: , , ,

This could be interesting, too:

Nachrichten Ticker - www.finanzen.ch writes Krypto-Ausblick 2025: Stehen Bitcoin, Ethereum & Co. vor einem Boom oder Einbruch?

Connor O'Keeffe writes The Establishment’s “Principles” Are Fake

Per Bylund writes Bitcoiners’ Guide to Austrian Economics

Ron Paul writes What Are We Doing in Syria?

Some 59% of Swiss households were rentals in 2015, according to the most recent figures. The average monthly rent across the country came in at just over CHF1,300 ($1,395).

The numbers were released on Monday by the Federal Statistical Office and reflect the situation at the end of 2015, when 2.1 million rented accommodations were recorded.

The regions with the highest proportion of renting were the urban cantons of Basel City (83%) and Geneva (78%). At the other end of the scale came Valais and Jura, with 38% each.

+ Read more about the system of housing in Switzerland

In terms of prices, the net monthly average in 2015 came in at CHF1,306. The cantons of Zug, Schwyz and Zurich were the most expensive; Jura, Neuchâtel, and Glarus were cheapest (see chart).

Swiss continue to rent rather than buy houses

"For rent": owner-occupied dwellings are not the norm in Switzerland. (Keystone) - Click to enlarge

The statistical office also clarified that about half of such rentals (according to 2017 figures) involved private individuals and families. The other half were leased by public authorities, businesses, apartment associations and other groups.

Above all, the numbers show that Switzerland continues to be a land of renters. According to corresponding Eurostat figures for 2015external link, no country in the European Union has such a high proportion of renters as opposed to home owners.

In every one of the 28 EU member states, owner-occupied dwellings outnumbered rentals.

In non-EU Switzerland, barriers to home ownership such as high prices and steep mortgage requirements have prevented many from climbing onto the property ladder.

Average Rent in CHF per Canton, 2015

Swiss continue to rent rather than buy houses

(Federal Statistical Office) - Click to enlarge


Tags: ,,
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

Leave a Reply

Your email address will not be published. Required fields are marked *