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Rising rents in Zurich drive up national average

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Rising rents in Zurich drive up national average
Apartments in Bad Ragaz, eastern Switzerland. Photo: George Mills
10:09 CEST+02:00
The average rent for a 100-square metre apartment in Switzerland was 2,210 Swiss francs ($2,226) in June, according to the new Swiss Real Estate Offer compiled by property firm Immoscout24.

That figure is up 2 percent on May rental prices, according to a statement from the property firm.

But most of this upward push in rental prices is being driven by increases in Zurich where rents moved up an average 1.8 percent last month.

Read also: Switzerland snubs tougher rule on foreign property ownership

The average rent in June for a 100-square metre apartment was 2,700 Swiss francs in Zurich – the highest in the country.

At the other end of the scale, the same size rental property came in at 1,840 Swiss francs in eastern Switzerland – down 0.8 percent on May prices.

In fact, the new Swiss Real Estate Offer shows that rental prices last month were slightly down in all Swiss regions except for Zurich. In the Lake Geneva region, there was an 0.4 percent drop.

The June rental figures come on the back of a dip in May when the Swiss-wide average rent dropped 1.5 percent, the first time there had been such a fall this year.

Read also: Here's why Swiss rents are so painfully high right now

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