Apartment Rents Rise, Office Rents Fall: What the New Figures Mean for Switzerland
Published
Property prices in Switzerland are developing in different ways. Apartment rents and multi-family buildings are becoming more expensive, while office rents are becoming cheaper. This is shown by current data on the property market, published by Finanz und Wirtschaft.
Nationwide, prices for multi-family buildings have risen by 1.3 percent compared with the previous quarter. Compared with the previous year, they are even 7.9 percent higher. For many people, this means that housing remains an important and expensive issue.
In contrast, there is a decline in office rents. For companies, this can mean that office space is cheaper to rent in some regions. The development shows that the market for housing and for commercial premises behaves differently.
Overall, the Swiss property market therefore presents a mixed picture. While tenants of apartments must expect higher costs, companies benefit from lower prices for office space. The further development of rents remains to be seen.
Sources: Finanz und Wirtschaft
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