Slightly improved property vacancy rate in Zürich

The notorious queues outside Zurich apartment viewings are finally shrinking

A new study by Zurich Cantonal Bank says more construction and lower immigration have pushed the city's vacancy rate up slightly, from 0.48% to 0.52%.

Around 8,500 new flats are expected by year-end, with another 9,000 due in 2027.

New rents won't rise as sharply as before, yet they are unlikely to drop either — and existing tenants could face rises of around 3% if mortgage reference rates climb at the end of this year.

 

More from Bitesize News

Download our app

  • Available on the App Store
  • Available on Google Play