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Swiss rents and property prices up in 2022

© Ocskay Mark |

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.

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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.
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