A major fall in rents in Switzerland has been announced.

Over the next three years, rents are set to fall by 10%, a trend that will benefit tenants. With a record level of over 65,000 vacant properties in Switzerland, 82% of which are rental apartments, the major cities on Lake Geneva, Lausanne, Montreux and Vevey are likely to see sharp falls in rents. This situation also reflects a steadily rising relocation rate. As rent is often indexed to the mortgage rate, we strongly recommend that you ask for a rent reduction if this is the case. In Switzerland, we're building more and more housing. With construction activity on the rise in the Gros-de-Vaud, Morges, Lausanne and Vevey regions, this increase in available housing will become even more pronounced over the next few years. This trend should encourage landlords to adjust rents downwards. In French-speaking Switzerland, tenants will particularly benefit. This should also be the case in Sarine, Aigle (VD) and La Chaux-de-Fonds (NE), where the availability of housing exceeds the Swiss average.