The vacancy rate fell, a first in 12 years

September 13, 2021 by archyde

In June, the Federal Statistical Office counted 71,365 vacant dwellings in Switzerland, a drop of 9.5% year-on-year.

The vacancy rate fell, a first in 12 years

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People residing in Switzerland showed more interest in single-family homes than in apartments.

the Swiss real estate market in June recorded a tightening that had not been observed for a long time. The vacant housing rate has thus fallen, a first for 12 years, said the Federal Statistical Office (FSO) on Monday.

During the period under review, federal statisticians counted 71,365 vacant dwellings, down 9.5% year on year. This total represents 1.54% of the Swiss housing stock, a rate down 0.18 percentage point compared to June 2020.

The fall was more marked in eastern Switzerland (-0.34 point to 1.74%) and north-western Switzerland (-0.32 to 1.64%), while the “large” region of Ticino is the only one. of the seven to show an increase, said the OFS in a press release.

The vacancy rate was set below the threshold of 1% in the cantons of Zug (0.34%), Geneva (0.51%), Zurich (0.72%), Graubünden (0.87%) , Obwalden (0.96%), Basel-Country (0.97%) and Schwyz (0.99%). Eleven cantons have a lower proportion than the national average. Solothurn remains the undisputed champion of uninhabited housing, with a rate of 3.15% and despite a slight decline in June. Ticino (2.83%) and Appenzell Innerrhoden (2.59%) follow in order.

Interest in single-family homes

The cantons of Aargau (-1724 dwellings), Bern (-1366) and Zurich (-1331) experienced the most marked decreases in absolute figures. Bern still has the largest pool of unoccupied units, 9312.

An overwhelming majority (85%) of vacant homes in June were rental properties, numbering 60,775, down 8.4% year on year. The decrease, of 15.4%, was more significant for units for sale.

People living in Switzerland showed more interest in single-family homes, the number of which on the market shrank from 19% to 5,940. Apartments with three or four rooms were the subject of greater demand. unlike one-room dwellings.

Numerous surveys published in recent months claim that the coronavirus pandemic has boosted demand for more spacious housing. The use of teleworking and the need for greater comfort are believed to be at the origin of this trend.

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Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my