Saturday, April 1, 2023

This rent increase affects all of Switzerland

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Housing front cost shock

The rent increase affects all of Switzerland

Not only those who are looking for a new apartment expect higher rents in 2023. Existing rents are also rising. Added to this is the cost-of-living adjustment and an increase in ancillary costs.


Housing costs are expected to rise in all regions in 2023 – including Zizers GR.


Dorothea VollenweiderEditor Economics

Tenants will have to dress warmly in 2023. Literally, because heating is becoming more expensive. But also because the property managers will raise monthly rents. And in all regions of the country.

“The increase in rents is a Swiss-wide phenomenon,” says Ursina Kubli (43), senior real estate expert at ZKB. Those who are looking for a new apartment will be hit first.

Advertised apartments cost more

Vacancies are lowest in the Zurich area, central Switzerland and the Lake Geneva area. “Therefore, the increase in these regions should be higher than in the rest of Switzerland,” says Fredy Hasenmaile (55), real estate expert at Credit Suisse.

“The rise in rents is a Swiss-wide phenomenon”Ursina Kubli (43), senior real estate expert at ZKB

According to CS, asking rents will increase by 4 to 4.5 percent by the end of the year due to the growing shortage. That makes a difference, because rent is a major cost factor in the household budget.

Existing rents are also rising

But even people with an existing rental agreement are not immune to price increases. The reason: The reference interest rate is expected to increase in 2023.

This is based on the average mortgage interest rate of Swiss banks. It is determined quarterly by the Federal Housing Office and is decisive for rent adjustments in existing tenancies.

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