Le News » Property
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English-language guide to what's happening in the Lake Geneva Region and across Switzerland in property and real estate sector. Find about the latest laws and terms about property dealings, new properties up for sale, and much more.
Le News » Property
1M ago
Data published this week reveal Switzerland’s cantonal crime hotspot, a phenomenon connected to geography. In 2023, after a sharp rise, the canton of Basel-City recorded the largest number of violent crimes and the highest per capita rates of theft and burglary. The rate of violent crime reached 13.2 per 1,000 residents in the city in ..read more
Le News » Property
1M ago
Across much of Europe, smoke detectors are a legal requirement. In Switzerland, they are not. The recent death of two people in a fire in Pfaffnau in the canton of Luzern has prompted calls to change the rules, reported SRF. On 19 March 2024, shortly after midnight, rescue workers were called to a burning apartment ..read more
Le News » Property
2M ago
After two increases in a row the reference interest rate used for adjusting rents remains unchanged this quarter. After two rises from 1.25% to 1.75% last year, many tenants in Switzerland will be breathing a sigh of relief. Many economists forecast no increases in the rate this year. Every quarter the rate of interest used ..read more
Le News » Property
3M ago
This week, the Federal Statistical Office (FSO) published the Swiss residential property price index for 2023, which showed an annual price increase of 2.2%, with a rise of 1.1% in the fourth quarter. The average price of single-family homes rose by an average of 1.9% last year and the prices of apartments rose by an ..read more
Le News » Property
3M ago
Rents have risen significantly in Switzerland, something potentially affecting the 61% of the population living in rented accommodation. A survey by Deloitte places rent control at the bottom of a list of solutions. The survey, which questioned 1,900 people across Switzerland, found rent controls to be the least preferred solution to dealing with rising rents ..read more
Le News » Property
3M ago
Changes to Swiss law on renting recently passed by parliament have met with public resistance. This week, enough signatures were collected to trigger a vote aimed at overturning the work of parliament on rental law reform, according to RTS. The two changes, which would make it easier for landlords to move into their own properties ..read more
Le News » Property
5M ago
On 1 December 2023, Switzerland’s Federal Housing Office announced the reference mortgage interest rate for rental agreements will rise from 1.50% to 1.75%. The reference rate is mentioned in many Swiss tenancy agreements. If the rate goes up landlords can increase rents. If the rate goes down tenants can demand lower rent. The rate is ..read more
Le News » Property
5M ago
Switzerland, where only 36% of the population own their homes, is sometimes referred to as a nation of renters. So when rents rise, as they have recently, the subject becomes political. On Wednesday, Switzerland’s Federal Council announced that it was looking for ways to temper short term rent increases. Across Switzerland, 64% of the population ..read more
Le News » Property
6M ago
The costs of mortgages and building maintenance are rising. Rents are following. In French-speaking Switzerland tenant arbitration organisations are receiving a deluge of complaints and requests for help from tenants, reported RTS. In Switzerland, it is common for rental agreements to contain a clause that allows rents to be adjusted up or down based on ..read more
Le News » Property
7M ago
At 37% of the total, one-person households are now the most common way to live in Switzerland, according to recently published data by Switzerland’s Federal Statistical Office (FSO). The data from 2022, show that 37% of households contained one person, followed by the 32% that contained two, 13% that contained three, 12% with four and ..read more