Previous post Next post

A family apartment in Geneva close to twice the price of one in St. Gallen

© Rosshelen | Dreamstime.com

On average, renting a 4.5 room apartment of 100 to 110 m2 costs CHF 3,820 a month in Geneva. The same apartment in the Swiss city of St. Gallen costs CHF 2,004, 52% of the price, according to a report on rents in Switzerland’s ten main cities by the price comparison website Comparis.

For an apartment of this size, Geneva (3,820) is the most expensive, followed by Zurich (3,073), Lausanne (2,850), Basel (2,660), Bern (2,600), Luzern (2,430), Winterthur (2,400), Lugano (2.110), Biel (2,050) and St. Gallen (2,004).

High rents are driven by low supply and high demand. Vacancy rates are particularly low in Geneva and Zurich and relatively high in Biel (2.4%) and St. Gallen (2.3%). The Swiss average is 1.62%.

A high number of well paid jobs in Zurich and Geneva increases the price people are prepared to pay in those cities, increasing demand.

The housing supply is being increased, but in less desirable regions such as Huttwil where nearly 15% of the apartments are currently empty. An expert at Comparis says this has been driven by low interest rates and a strategy of developers building where they can rather than where people choose to live.

Full story here
About Le News
Le News
The newspaper Le News is a free, quality, local English language newspaper launched on 31 October 2013. Le News fills a gap in local Swiss media for the numerous English-speakers living and visiting Switzerland. In late January 2015 we decided to put our print medium on hold and focus on our digital media presence.
Previous post See more for 3) Swiss Markets and News Next post
Tags: ,,,,,,,,

Permanent link to this article: https://snbchf.com/2019/05/news-family-apartment-geneva-close-twice-price-one-st-gallen/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.