Good news for tenants: you have to pay in the current year less for housing. The Rent is expected to decrease by almost 2 percent, as the consulting company, Partner, Wüest predicts in her new “Immo-Monitoring”. A sudden end to the trend is not yet in sight, because never before have so many apartments were in Switzerland empty as it is today. In addition, will be eager to get built. Could today’s already over 72’000 vacant flats and houses in this country and also in the course of the year, according to Wüest Partner still between 8000 and 10 000 additional units.
A Chance of falling Rents in the cities. The new requests for flats to rent in the big cities, high move, in fact, also a record. Since the beginning of the surveys in the year 2000, had never planned so many apartments. Particularly striking was the increase had been last in the five major centers of Basel, Bern, Geneva, Lausanne and Zurich: The number of rental properties in the submitted planning applications in the year 2018 was at least 5300 units, which are almost 60 percent more than in 2017.
Public sector construction activity in the cities is likely to also lead by 2020 to further ease the housing shortage of the Centre, expect the real estate experts builds with
. Is this development is being driven not only by the persistently low interest rates, but also through the promotion of inexpensive housing by cities and municipalities. These efforts have fruit: 2018 2900 new rental housing, including cooperative objects are, for example, in Zurich – a value that has been last in 1960 reached.
at the same time will increase but also the risk of vacancy in those regions in the metropolises are located in the distance of the economy. Tenant voters of today are and can be, depending on the Region. A apartment abundance Wüest Partner register not only in the Mediterranean country, where the current range exceeds that from the 90s, as Switzerland was a real estate crisis, shaken. Abundance, for example, is now also in the Zurich Oberland, where, according to Robert Weinert, head of the “Immo-Monitoring” in Wüest Partner, very much built. “For the time being, not all the objects have been in demand,” says the expert about the booming region.
Small Abundance in Basel-Stadt
Although the survey shows that for the economically strong Basel an Abundance of apartments. It was, however, very low, limits Weinert. The housing shortage has shifted more into the Basel area. A large Oversupply of housing there is in Ticino and in French-speaking Valais and in the Region of St. Gallen. This is also true for the Canton of Bern, at least in the rural areas. In the city of Bern, Mr. a housing shortage, rather Weinert. The Region around the lake of Thun will always be popular, which is why the supply of housing in high demand, says Weinert.
Who, today, invested, must pay attention to not only the location but also on the equipment. The example of the 3 – to 4½-room-apartments Robert Weinert stated that it depended on the exclusive standard with oversized kitchen. “The apartment needs to be thought out particularly well. This applies both to the layout as well as for the appropriate standard.” This is true not only for this Segment: the sought-after flats up to 2½ rooms, the offer extends, therefore, through the brisk construction activity. The comparatively large demand in this sub-segment can now be gradually covered.
Longer waiting times for landlords
the apartment search in the past few years has simplified the approach is also reflected in the range of advertised rental housing: Between the beginning of 2009 and the end of 2018 the quarter increased available number of apartments of 97’600 to 160’400 units, such as Wüest Partner writes. Until new tenants for these apartments to be found, it will take longer. The average marketing time is, according to “Immo-Monitoring” per advertisement on 40 days in the ten preceding years, an average of 30 days. In each of the rural cantons, such as Uri, Glarus and Appenzell Ausserrhoden, so it will take a particularly long time, until the apartments are rented.
The purchase of homes, the analysis shows a mixed picture: The prospects of floor property offers over falling prices. Last year, the average offer prices of condominiums of 1.7 percent. The decisive factor was, according to Wüest partners, that the tender is grown in the lower price classes above average. In 2019, it is likely, therefore, similar to the next: There’s more objects to be advertised with affordable prices, the experts with continued price pressure.
the Situation is Quite different for the single-family homes, where the shortage of supply is fuelling the willingness-to-pay for the advertised objects. Wüest Partner is expecting in 2019 with a price increase of one percent in single-family homes. The massive increase in prices for houses in Central locations to drift, therefore, the home buyers in more from the center-located areas, where “sometimes even more affordable deals are to be found,” as it is called in the “Immo-Monitoring”. (Tages-Anzeiger.ch/Newsnet)
Created: 09.04.2019, 16:58 PM
