In April, asking rents increased by 0,3 points, or 0,2%, on a national average. This means that continuity in the rental market continues to mean slightly rising prices for advertised rental offers. However, regional differences with partial declines are recognisable, including in the canton and city of Zurich. This is shown by the current figures from the Homegate Rent Index.
The Homegate Rent Index for asking rents is compiled by the property marketplace Homegate in collaboration with Zürcher Kantonalbank (ZKB). It measures the monthly, quality-adjusted change in rental prices for new and re-let flats based on current market offers. Compared to the previous month, the index increased by 0,3 points in April and now stands at 130,4 points (up 0,2%). Compared to the previous year, asking rents have risen by 2,0% across Switzerland.
Change in the cantons
Looking at the cantons, the majority of asking rents also rose in April. The largest increase by far was recorded in the combined cantons of Appenzell (up 1,4%), albeit after a downward trend over the last three months and a continuing negative trend compared to the previous year (minus 0,4%). Compared to April 2024, advertised rents fell even more sharply in Graubünden (minus 1,5%) and Schaffhausen (minus 0,8%). It is quite unusual for advertised rents to fall in several cantons compared to the previous year. Compared to the previous month, however, such fluctuations are entirely plausible given the dynamic development of the rental market, and in April this was particularly the case in the cantons of Uri (minus 0,9%) and Schaffhausen (minus 0,8%) as well as in Zurich (minus 0,1%), among others.
Change in the cities
The rents on offer in the cities analysed also varied from region to region, but without exception they increased compared to the previous year, particularly in Lucerne (up 5,8%) and Lugano (up 4,6%). These are also the same cities whose advertised rents increased most significantly in April compared to the previous month (Lugano up 3,1%, Lucerne up 1,8%), although both cities have tended to have lower asking rents in recent months than before. In the city of Zurich (minus 0,4%), values also fell in April, marking the second consecutive month this has happened.
Method of quality adjustment
The development of asking rents in Switzerland is adjusted for the different quality, location and size of the flats. The advantage of this so-called hedonic method is that the real rental price development for new and re-let flats is reflected on Homegate. The Homegate Rent Index is the oldest quality-adjusted rent index in Switzerland and is considered a reference source for real estate professionals to determine the price of rental properties.
