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Tag Archives: Property

Immigrants pay higher rent than natives in Switzerland

Those with a migration background in Switzerland are on average financially worse off than those without, according to data from the Federal Statistical Office. And those with a migration background pay on average 10% more per square metre of living space than the rest of the population. © | Dreamstime.comIn Switzerland, around 20% of those with a migration background have trouble making ends meet, compared to 7% of the rest of the population. On average, people without a migration...

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Renters charged fees to view apartments in Geneva

Some agencies in Geneva are exploiting the city’s tight property market by charging people money just to view apartments, according to a report by RTS. © Bogdan Lazar | Dreamstime.comA practice described as parasitic by ASLOCA, a rental association, involves an agency contacting those who have placed adverts for vacant apartments and offering them their services. The agency promises to find tenants at no cost to the advertiser if they take down their advert. It then makes its money by...

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Only 36% of Swiss own their homes

Recently published statistics show that 36% of homes are owned by those who live in them, a rate that falls to 12% in municipalities with more than 100,000 residents. Lausanne © Ocskay Mark | Dreamstime.comSwiss municipalities with the highest rates of home ownership (37%) have between 10,000 and 15,000 residents, a rate exceeding the smallest municipalities of less than 10,000 residents (31%). At a cantonal level, the cantons with the lowest rates of home ownership were Geneva...

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Swiss crime down sharply during first wave of pandemic

Statistics from Switzerland’s Federal Statistical Office show a dramatic fall in the number of crimes during the first wave of the pandemic in 2020. © Releon8211 | Dreamstime.comAcross all of 2020, 421,678 crimes were recorded, 2.4% fewer than the year before. Drug crimes (-9%), immigration crimes (-12%) and burglaries (-10%) were all down. At the same time violent crimes rose 3%, in particular serious acts of violence (+9%), which were driven up by suicide attempts (+22%), rape (+5%)...

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Swiss residential property prices on the rise

After falling by 0.8% in the first quarter of 2020, average Swiss residential property prices have rebounded, rising in every quarter since to deliver an annual 2020 increase of 2.5%. © Stbernardstudio | Dreamstime.comAverage residential property prices rose by 1.4% in Q2, by 0.2% in Q3 and by 2.3% in the final quarter of 2020. Across the year, the prices of single family dwellings (+2.8%) rose more than the price of apartments (+2.2%). The biggest gainers were single family homes in...

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No relief for Swiss renters

Every three months the benchmark interest rate used to set Swiss rents is reviewed. If it goes down some renters can request a decrease in rent. This time it remained at 1.25%. © Sergei Razvodovskij | Dreamstime.comThe last time it dropped was March 2020 when it fell from 1.5% to 1.25%, its lowest level since the measure began in 2008. The rate is based on the average Swiss mortgage rate over three months. This rate is then rounded to the nearest 0.25%. On 30 September 2020 that rate...

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Swiss home prices rose over the third quarter of 2020

Over the third quarter of 2020, home prices in Switzerland rose by an average of 0.2%. However, the prices of some homes rose while others fell. © Sergey Dzyuba | Dreamstime.comAccording to figures published by Switzerland’s federal statistical office, the price of individual houses rose 1.1% while the price of apartments fell by 0.6%. The price rise for individual houses was particularly high in suburban areas near large cities (+2.6%) and in rural communes (+2.2%). Apartments in...

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New Swiss initiative to further restrict construction

© Dnaveh | Dreamstime.com Land use is strictly governed in Switzerland. However, a new initiative, which aims to increase construction restrictions further, recently gathered enough signatures to qualify for a a popular vote. The initiative, dubbed the countryside initiative, was officially registered after gathering 104,487 valid signatures, more than the 100,000 that must be collected within 100 days to qualify for a referendum. The federal law on land management...

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New Swiss initiative to further restrict construction

Land use is strictly governed in Switzerland. However, a new initiative, which aims to increase construction restrictions further, recently gathered enough signatures to qualify for a a popular vote. © Dnaveh | Dreamstime.comThe initiative, dubbed the countryside initiative, was officially registered after gathering 104,487 valid signatures, more than the 100,000 that must be collected within 100 days to qualify for a referendum. The federal law on land management (LAT/RPG), an earlier...

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Home vacancy rates continue to rise in Switzerland

Finding a place to rent or buy has never been easy in Switzerland, a real estate market notorious for tight supply of property. © Rosshelen | Dreamstime.comRecently published data from Switzerland’s Federal Statistical Office show are rise in vacancy rates from 1.66% to 1.72% in 2020. On 1 June 2019, there were 75,383 vacant properties either for rent or purchase across Switzerland. By 1 June 2020, the figure had risen to 78,832, a rise of close to 5%. Out of the total, 66,320 were...

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