Rent in Switzerland continue to rise. On average, they increased by 2.4% last year. However, not all regions are developing at the same rate.

Significant differences between regions

Rents rose most sharply in eastern and central Switzerland, where they increased by almost 3%. Things were a little quieter in Zurich, but Zurich remains the most expensive region in Switzerland. An apartment there costs an average of over 2,400 Swiss francs per month. The situation is completely different in Ticino, where rents actually fell by 5.6% – a real exception.

Why are rents rising?

The most important reason is the housing shortage. Across Switzerland, the vacancy rate is now only around 1% – the lowest it has been in years. In Zurich, it is even lower at 0.56%. Few vacant apartments mean higher prices – especially in cities.

Old contracts vs. new contracts

There is another difference between existing and new rental contracts. Those who have been living in their apartments for a long time pay significantly less. In Zurich, new leases are on average almost 700 francs more expensive than existing ones. In other regions, such as the Mittelland, the difference is only around 150 francs.

Conclusion: Living in cities is becoming increasingly expensive. However, those who are flexible and willing to look a little further afield will find significantly cheaper alternatives – often just a short train ride away.