Rents in Switzerland continue to climb as housing shortage persists

Rents in Switzerland continue to rise, a trend further accentuated by stagnant construction activity and population growth. However, according to the real estate firm Wüest Partner, building activity could accelerate in the medium term. +Sign up to get the most important news from Switzerland directly in your inbox In the second quarter, the index of proposed rents rose by 6.4% year-on-year, Wüest Partners reported on Tuesday in the summer update of its Immo-Monitoring 2024. The experts warned that, given sluggish construction activity and population growth, “no reversal of the situation is expected in the short term”. Access to property is equally complicated. Prices for condominiums have risen by 3.5%, while those for houses have increased by 2.5%. Tourist regions such as Valais and Graubünden are the most representative of this trend, for both primary and secondary residences. On the construction front, the number of new building permit applications for apartments jumped by 22% ...