Tuesday , March 19 2024
Home / SNB & CHF / Housing vacancies rise in 20 Swiss cantons

Housing vacancies rise in 20 Swiss cantons

Summary:
© Ppvector | Dreamstime.com Recent figures show an annual 4.2% rise in the number of vacant homes in Switzerland, extending a trend that started 10 years ago, according to the Federal Statistical Office. At the start of June 2019, there were 75,323 vacant homes, representing 1.66% of Switzerland’s total stock of homes. However, high vacancy ...

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

This could be interesting, too:

Investec writes Over half of Swiss families struggling to make ends meet

Investec writes New weight loss drugs likely to push up premiums

Marc Chandler writes Euro’s Recovery to .09 Looks Vulnerable while Yen Falls to New Lows for the Week After Strong Pay Raises Confirmed

Frank Hollenbeck writes Zurechtkommen mit der Komplexität des Klimawandels. Eine genauere Betrachtung der wissenschaftlichen Methode und ihrer Einschränkungen

Housing vacancies rise in 20 Swiss cantons

© Ppvector | Dreamstime.com

Recent figures show an annual 4.2% rise in the number of vacant homes in Switzerland, extending a trend that started 10 years ago, according to the Federal Statistical Office.

At the start of June 2019, there were 75,323 vacant homes, representing 1.66% of Switzerland’s total stock of homes.

However, high vacancy rates in some regions masked low ones in others. While cantons such as Solothurn (3.40%), Thurgau (2.65%), Jura (2.59%), Aargau (2.59%), Schaffhausen (2.56%) Neuchâtel (2.39%) and Ticino (2.29%) had high vacancy rates, others, such as Zug (0.42%), Geneva (0.54%), Obwalden (0.87%) and Zurich (0.89%) had low ones. Rates in Basel-City (1.02%), Basel-Landschaft (1.06%) and Vaud (1.10%) were well below the 1.66% national average too.

Between 1 June 2018 and 1 June 2019, vacancies rates rose in 20 cantons and fell in 6. The six cantons with declining vacancy rates were Zurich (-0.10%), Zug (-0.02%), Nidwalden (-0.40%), St. Gallen (-0.02%), Aargau (-0.06%) and Valais (-0.28%). Bern (+0.03%), Basel-City (+0.31%), Vaud (+0.02%) and Geneva (+0.01%) were among the cantons with rising rates.

Across Switzerland there was a large difference between the number of vacant properties for rent and for sale. At 1 June 2019, there were 62,825 empty properties for rent and 12,498 for sale. Year-on-year the number of vacant rental properties rose (+5.2%) and the number of vacant properties for sale declined (-0.6%).

Changes in vacancy rates also varied by home size. The steepest annual rise was for one and two room apartments (+6.8%). By contrast, the number of vacant places with six rooms fell by 3%.


Tags: ,,,,,,,
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

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