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Renters are the majority population in Switzerland

Community// Local News // Feb. 27, 2018

According to a recent international study from U.S. apartment search website RENTCafé, 29 out of the 30 most populous developed countries are majority homeowners. The only exception is Switzerland where 56.6% of its entire population prefers renting a home. 

RentCafé Renters are the majority population in Switzerland

Despite most countries’ affinity to homeownership, renting is on the rise and has seen significant increases across the world, especially in places like Ireland and the United Kingdom.

As a country with a long history of renting, Switzerland only saw a 1.8% increase in the share of renters between 2010 and 2015. The country’s population also decreased by 0.33% and since the capita GDP rose by more than 18%, both housing prices and rent prices went up.

Along with Switzerland, Hong Kong, Germany, South Korea and Austria also boast a
population of over 40% renters. One possible explanation for this shift towards renting
might be the favorable laws for renters or simply the fact that it may be more affordable
than buying a home. On the other hand, there are a few countries where renting is losing its appeal. In Russia for example, the percentage of renters dropped by 28%.

The study shows that there is a tendency to rent in more developed countries while owning is more common in the less developed parts of the world.

Read the full study on RentCafé

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