Rents on the rise in Swiss cities
Despite the economic impact of the coronavirus pandemic, rents in Switzerland’s cities have continued to rise over the first six months of 2020.
New figures have showcased the enduring popularity of Switzerland’s cities, with rental costs on the rise despite the coronavirus pandemic.
Renting throughout Switzerland costs 0.4 percent more than it did at the start of the year, but there are marked differences between rural and urban areas.
The figures come from the Zürcher Kantonalbank (ZKB) and the Internet platform homegate.ch.
The study took into account monthly changes in rental prices for new and used apartments across Switzerland.
Homegate said the study showed the impacts of the spread of the coronavirus were less significant than otherwise expected.
Price hikes in cities
In the canton of Geneva, prices have risen by 4.5 percent since the start of the year. Jura and Uri have also seen increases of 1.7 percent and 1.5 percent respectively.
Cities have seen significant increases, with a 3.8 percent rise in Geneva and a 1.5 percent rise in Zurich.
Rural areas struggling
The price increases in cities are not reflected in regional cantons, where prices have fallen.
The biggest decline was in Obwalden and Nidwalden, where rents fell by -0.5 percent.
Rents in Graubünden and Basel Country fell by -0.4 percent, while rents declined by -0.3 percent in Ticino. a