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Rents fall in Zurich more than anywhere else

In the Glatt valley, Zürcher Oberland, in the Limmattal, in the city of Zurich from virtually anywhere in the Canton of Zurich will be built in plenty of new rental housing. One of the main reasons for the negative interest rates of the national Bank. They are pushing pension funds and insurance companies in the real estate market. However, in terms of demand, the offer is too big. The result is a "housing surplus", writes the consulting firm Partner, Wüest in his latest "Immo-Monitoring".

This has consequences for the prices. The offer to rent a newly advertised apartments in the Canton of Zurich fell last year by 2.5 percent – more than the Swiss average of minus 2.1 percent.

Large regional differences in the empty housing stock (please click to Enlarge).

The Glut is not just remote villages, but also to pronounced Boom-regions. It is particularly evident in the Zürcher Oberland and on the gold coast. "On the gold coast, for example, was built too much in the expensive Segment," says real estate expert Robert Weinert Wüest Partner. The explanation: Who can afford to live on the gold coast, you can buy better home ownership than paying on a monthly basis with a hefty rent.

cooperative housing in Zurich

there have never been in Switzerland so many empty apartments now. This is good for the tenants. You benefit not only from falling prices but also from a larger selection. And the empty stands come increasingly closer to the big cities.

The only Region of the Canton of Zurich, with a noticeable shortage of housing in the city of Zurich. But here, too, have fallen in the past year, the supply prices, and above-average 4.1 percent. This is according to Robert Weinert, remember that many of the cheaper apartments were built. This is a consequence of the urban housing policy, the drives specifically to the construction of affordable rental housing.

a Huge Surplus of apartments (please click to Enlarge).

Also yesterday, it was announced that mortgage rates have fallen to a record low. Therefore, real estate professionals expect for the coming years, further pressure on rental rates. (Tages-Anzeiger)

Created: 10.04.2019, 09:17 PM

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