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Real estate in Zurich is experiencing an increase in supply and a decrease in prices, particularly for new builds, which now cost about 10% more than older apartments, down from a 20% premium a decade ago. Buyers are seeing more opportunities for price reductions, with over half of single-family home sales this year closing below the asking price. Additionally, the canton of Zurich is set to update the imputed rental value for tax purposes, likely resulting in significant increases for many property owners.
Two-thirds of tenants may soon qualify for rent reductions as the Zurich Cantonal Bank forecasts a drop in the benchmark mortgage rate by March 2025. This change will benefit those who faced recent rent increases, particularly from institutional landlords, who have historically passed on such hikes more frequently than private landlords. Additionally, many tenants who have not previously requested rent decreases may also take action in light of the anticipated rate changes.
Two-thirds of tenants in Switzerland may soon qualify for rent reductions as the Zurich Cantonal Bank predicts a decrease in the benchmark mortgage rate by March 2025. This follows recent rent increases affecting about one-third of renter households, particularly those with institutional landlords, who have historically passed on such hikes more frequently than private landlords. Additionally, many renters may seek reductions due to unclaimed past decreases, with more clarity expected in 2025.
Two-thirds of tenants may soon qualify for rent reductions as the Zurich Cantonal Bank forecasts a drop in the benchmark mortgage rate by March 2025. This change will benefit those who faced recent rent increases, particularly from institutional landlords, who have historically passed on such hikes more frequently than private landlords. Additionally, many tenants who have not previously requested rent decreases may also take action in light of the anticipated rate changes.
Ursina Kubli
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Zurich real estate market sees rising supply and potential discounts for buyers
08:00 26.11.2024
Two thirds of tenants may soon qualify for rent reductions
14:00 11.10.2024
two-thirds of tenants may qualify for rent reductions by 2025
11:56 11.10.2024
two-thirds of tenants may qualify for rent reductions by 2025
11:17 11.10.2024
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