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Why it might better to rent property in Switzerland rather than buy?

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Why it might better to rent property in Switzerland rather than buy?
Photo: TOBIAS SCHWARZ / AFP
10:36 CET+01:00
New fluctuations in rent costs and apartment prices across Switzerland have shown that renting may be where the smart money is - at least in the short term.

While nothing much might be cheap in Switzerland, it’s the cost of housing which is particularly expensive. 

Figures released at the end of October illustrate that renting is getting slightly cheaper across the country as a whole, while house prices are becoming more expensive. 

The statistics were compiled by the Swiss arm of real estate portal Immoscout. 

Whether in the major cities of Zurich and Geneva or in smaller villages and towns, the high costs of housing are a familiar topic for many of our readers. 

READ: New maps reveal where Swiss rent prices are the highest 

READ: How rent prices are fluctuating in Swiss cities

Rents fell by 0.8 percent across the country over the past year. The news was less positive for city residents however, with rents largely stable in both Zurich and Geneva over the same time period. 

In good news for owners but worse news for prospective buyers, apartment prices rose by 1.5 percent across the year. House prices grew by 0.8 percent across the year. 

The authors of the report said that while apartment prices were likely to remain stable, an oversupply of rental properties was likely to further reduce rental costs. 

“We expect stagnant or falling rents in the coming months. [Tenants] are spoiled for choice and they have increasing bargaining power relative to donors,” the statement read. 

 

 
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