Not a great time to buy Swiss property
Renting a home in Switzerland is slightly cheaper – but buying a property will cost you more.
New figures from the Real Estate Office show across the country, rents are down on average by half a percent.
The biggest drops are in the central parts of the country which is suffering a property glut – down almost 2%.
In Geneva rents are down by a percent. But Zurich is up almost a percent.
The price of buying a house is rising – about 3%.
Analysts say continued low interest rates is driving demand – but many simply can’t afford to get on the property ladder.
Still 60% of residents rent their homes.