Every three months the rate of interest used to set the rents in Switzerland is reviewed. If it goes down some renters have the right to request a decrease in rent. If it goes up landlords can push up rents. This time the rate remained at 1.25%, however it looks set to rise next year. […]
Swiss rents set to rise as much as 15 percent
Close to half of renters is Switzerland could face significant increases in rent, estimates Zürich Kantonalbank (ZKB), with rents potentially rising as much as 15% over the next five years, reported the newspaper Blick. The reference mortgage rate used to set rents, which was has been 1.25% since March 2020 could rise as high as […]
Bank predicts home rent rises in Switzerland
According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes. The combined forces of higher construction costs and higher interest rates have reduced the number of homes being built, said the bank. This combined with the continued growth […]
Swiss government decides to review plan to axe imputed rent
Every year, home owners in Switzerland must add imputed rent to their taxable income, creating an unusual additional tax on home owners introduced during the first world war to fund the war effort. Switzerland’s government has agreed to remove the tax. However, this week, parliament sent the latest plan back to the drawing board, reported […]
Swiss housing market tightens further in 2022
Data published on 12 September 2022 show how the pool of available housing continues to shrink in Switzerland. On 1 June 2022, there were 61,496 empty dwellings in Switzerland, representing 1.31% of the total housing stock. The vacancy rate has fallen 0.23 percentage points compared to a year ago. There were 9,869 fewer empty dwellings […]
Switzerland abandons 1 franc house offer
In 2019, the village of Gambarogno in Ticino offered abandoned houses known as “rustici” to anyone prepared to renovate them for 1 franc. Last week, the scheme ended without anyone taking up the offer. The scheme was inspired by similar schemes in Italy. However the Swiss offer ran into challenges. Some were practical and others […]
Swiss minister asks public to reduce their heating next winter
Switzerland faces a potential gas shortage next winter, warns Switzerland’s Federal Council. Reduced consumption or rationing cannot be ruled out, it warns. At a press conference in Bern on Wednesday, economy minister Guy Parmelin said that there is a very real risk of a gas shortage over winter, reported RTS. Around three quarters of the […]
Swiss government changes solar electricity rules
On 2 June 2022, Switzerland’s parliament adopted two motions to accelerate the adoption of solar panels. The first motion aimed to allow private individuals to earn better returns on the electricity they produce. Under the proposal they would be able to sell electricity to other individuals, municipalities and cantons without paying heavy network charges. 140 […]
Migros launches 10% deposit home loans in Switzerland
Buying a home in Switzerland is difficult. Homes are expensive and lending is typically restricted to those with a 20% deposit and significant income. Migros Bank, an offshoot of the Swiss supermarket, recently launched a product that reduces the deposit requirement to 10%. Migros bank has launched the new product under the brand Cactous. According […]
Swiss home ownership remains out of reach for many
A recent survey run by ZHAW finds that the price of housing is too high for the majority of people wishing to own their own home in Switzerland. Aspiring home owners would like to see greater support. Switzerland is a nation of renters, something reflected in low home ownership rates by international standards. Across Switzerland, […]
