Swiss rents and property prices up in 2022

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Le News
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A sharp rise in rent in December 2022 (+1.1%) left the average Swiss rent 4.3% higher than at the beginning of 2022, according to the Swiss Real Estate Offer Index, published on 4 January 2023 by SMG Swiss Marketplace Group. This annual jump of 4.3% exceeds the annual CPI increase of 2.8% announced this week.

Increases varied significantly by region. The highest rent rise was recorded in Ticino (+8.4%). The jump in Greater Zurich (+6.1%) was also above average. Around Lake Geneva, a typical hot spot, rents rose by 3.8%. Across all the other regions, increases were lower.

In addition, buying a home became more expensive. Across 2022, average home prices rose by 4.7%. Apartments led the way with an average price increase of 6.2%. During December 2022, stand alone homes leapt 1.4% in price.

So far rising mortgage rates appear to have had little impact on home prices, said Swiss Marketplace Group.

More detailed data by building type and region can be found here.

About 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.

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