Rental prices moving on up.

Position:NEWS
 
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Your hours may have been slashed, and you may have even lost your job as the economy deteriorates, yet rental costs in Switzerland are still expected to rise, according to the 2009 Immo-Monitoring report, and published by the Tages-Anzeiger daily newspaper.

Property consultancy and report author Wuest & Partners is forecasting an increase in rental costs over the next 12 months, though at a lower rate than in 2008.

Nationwide, rent increased by an average of 4.9 per cent last year, due to elevated immigration, which further squeezed an already tight housing market.

During the next 12 months, Wriest & Partners expects less immigration as a result of the declining economy, and in turn, easing pressure on housing availability and rent prices.

"The economic development...

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