Geneva builds new homes at record rate

Geneva is currently building new home at a record-breaking rate. Figures from the cantonal statistics office show in the second quarter of this year 815 new housing units became available.

The pace of new homes is not slowing down – there are 7,500 new homes under construction at the moment. The statistics office says that’s a historically high level. 

Despite the new homes – the market remains tight. The vacancy rate is the second lowest in the country, after canton Zug. 

More from Bitesize News

  • SNB cuts rates

    The Swiss National Bank has cut interest rates once again. It’s down by another quarter of a percent at 1.25%.

  • Switzerland is a 'pimp state'

    The UN Special Rapporteur on violence against women and girls has singled out Switzerland for its stance on prostitution and called it a ‘pimp state.’

  • High water alert for Rhône

    The Federal Environment Office is warning water levels in the Rhône River and Lake Geneva are very high.

  • Bar TV ban causes stir

    The decision by the City of Geneva to ban bars showing the football on the terraces until the quarter finals is beginning to cause a rift in the municipal council.

  • French mayor pushes for 'cross border' card

    The mayor of the bordering French town, Annemasse, says he’d like to see a residents of Grand Genève have a ‘cross border citizen card’.

  • More Old Town traffic controls

    There’ll be more restrictions on traffic in Geneva’s Old Town, starting next week.