Tag Archives: Property

Every three months the rate of interest used to set the rents in Switzerland is reviewed. If it goes down some renters have the right to request a decrease in rent. If it goes up landlords can push up rents. This time the rate remained at 1.25%, however it looks set to rise next year. Photo by triemli on Pexels.comThe interest rate used to set the reference rate is the average rate on Swiss mortgage loans outstanding at 30 September 2022. The average rate was 1.18%, up from 1.17% from the...

© Beriliu | Dreamstime.com Close to half of renters is Switzerland could face significant increases in rent, estimates Zürich Kantonalbank (ZKB), with rents potentially rising as much as 15% over the next five years, reported the newspaper Blick. The reference mortgage rate used to set rents, which was has been 1.25% since March 2020 could rise as high as 2.5% between now and 2027, said the bank in a recently published real estate report. This means that any leases...

Close to half of renters is Switzerland could face significant increases in rent, estimates Zürich Kantonalbank (ZKB), with rents potentially rising as much as 15% over the next five years, reported the newspaper Blick. © Beriliu | Dreamstime.comThe reference mortgage rate used to set rents, which was has been 1.25% since March 2020 could rise as high as 2.5% between now and 2027, said the bank in a recently published real estate report. This means that any leases with a clause...

According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes. © Jan Gajdosik | Dreamstime.comThe combined forces of higher construction costs and higher interest rates have reduced the number of homes being built, said the bank. This combined with the continued growth of the population and a trend towards more living space is expected to create a squeeze as growth in demand outstrips the rise...

© Jan Gajdosik | Dreamstime.com According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes. The combined forces of higher construction costs and higher interest rates have reduced the number of homes being built, said the bank. This combined with the continued growth of the population and a trend towards more living space is expected to create a squeeze as growth in...

Every year, home owners in Switzerland must add imputed rent to their taxable income, creating an unusual additional tax on home owners introduced during the first world war to fund the war effort. Switzerland’s government has agreed to remove the tax. However, this week, parliament sent the latest plan back to the drawing board, reported 20 Minutes. Photo by Chích Chòe Design on Pexels.comSome members of the government are concerned that the current proposal might be overturned by a...

Data published on 12 September 2022 show how the pool of available housing continues to shrink in Switzerland. Photo by ILOVESwitzerland on Pexels.comOn 1 June 2022, there were 61,496 empty dwellings in Switzerland, representing 1.31% of the total housing stock. The vacancy rate has fallen 0.23 percentage points compared to a year ago. There were 9,869 fewer empty dwellings compared to the previous year, representing a striking fall of 13.8%, wrote the Federal...

Data published on 12 September 2022 show how the pool of available housing continues to shrink in Switzerland. Photo by ILOVESwitzerland on Pexels.comOn 1 June 2022, there were 61,496 empty dwellings in Switzerland, representing 1.31% of the total housing stock. The vacancy rate has fallen 0.23 percentage points compared to a year ago. There were 9,869 fewer empty dwellings compared to the previous year, representing a striking fall of 13.8%, wrote the Federal Statistical Office (FSO)....

In 2019, the village of Gambarogno in Ticino offered abandoned houses known as “rustici” to anyone prepared to renovate them for 1 franc. Last week, the scheme ended without anyone taking up the offer. © Adriana Stampfl | Dreamstime.comThe scheme was inspired by similar schemes in Italy. However the Swiss offer ran into challenges. Some were practical and others administrative. While some rustici are supplied with water, there is no electricity and gas and they are located far from...

Switzerland faces a potential gas shortage next winter, warns Switzerland’s Federal Council. Reduced consumption or rationing cannot be ruled out, it warns. © Katie Nesling | Dreamstime.comAt a press conference in Bern on Wednesday, economy minister Guy Parmelin said that there is a very real risk of a gas shortage over winter, reported RTS. Around three quarters of the gas used in Switzerland comes from Germany, he said. If storage facilities cannot be filled as planned a shortage in...