Swiss rental prices increased sharply in 2023

Tenants looking for a flat in Switzerland had to dig deeper into their pockets last year. Asking prices in the rental flat market rose even faster in 2023 than in the previous year due to low construction activity. No improvement in sight. According to the Homegate rent index, which is compiled jointly with the ZKB, asking rents rose by 4.7% overall in 2023. This was the strongest annual growth in rents since the survey began in 2009, as Homegate announced on Thursday. The index rose by a further point (0.8%) to 125.2 points in December compared to the previous month. According to the press release, the rental property market is not coming to rest. The rising prices are due to the combination of low construction activity and increased demand. All cantons are affected. + Golden cages and rising rates: headaches for the Swiss rental market On the one hand, the high net immigration has created additional demand for living space. On the other hand, many people interested in buying...