RESIDENTIAL MARKET CITY OF ZURICH

DEVELOPMENT OF RENTS AND SALE PRICES CITY OF ZURICH

RENTS AND SALE PRICES BY MARKET AREA

Net rent
CHF/m² p.a.
Median
CHF/m² p.a.
advertising period in days purchase price
CHF/m²
Median
CHF/m²
advertising period in days
District 1, Town hall, Universities, Lindenhof, city 350 - 1 200 565 28 6 680 - 24 835 13 230 9
District 2, Wollishofen, Leimbach, Enge 265 - 580 385 15 10 290 - 21 130 13 385 45
Distric 3, Altwiedikon, Friesenberg, Sihlfeld 305 - 805 420 19 7 480 - 17 040 13 690 7
District 4, Werd, Langstrasse, Hard 320 - 900 475 14 13 780 - 23 810 15 795 25
District 5, Vocational school, Escher Wyss 310 - 600 415 14 15 400 - 24 590 18 480 40
District 6, Oberstrass, Unterstrass 275 - 705 400 16 12 380 - 22 585 16 820 21
District 7, Fluntern, Hottingen, Hirslanden, Witikon 260 - 585 390 19 11 780 - 20 285 16 620 28
District 8, Seefeld, Mühlebach, Weinegg 350 - 735 485 17 11 740 - 20 445 16 550 20
District 9, Albisrieden, Altstetten 260 - 565 350 14 9 350 - 15 470 12 750 14
District 10, Höngg, Wipkingen 255 - 485 335 14 11 900 - 18 575 15 275 17
District 11, Affoltern, Oerlikon, Seebach 240 - 600 335 20 8 435 - 15 440 11 800 32
District 12, Saatlen, Schwamendingen Mitte, Hirzenbach 220 - 405 295 16 8 955 - 12 370 10 550 43
With a vacancy rate of 0.15%, there was still a shortage of apartments in the City of Zurich in 2020. Many apartments change tenants with no public advertising. Only those properties in the upper price segment have any vacancies. Unlike in locations in the wider metropolitan area, tenants are willing to make compromises, with criteria related to outdoor space, good sunlight and an additional office for working from home less important as long as the location is right and the rent is affordable. Tenants in the city of Zurich are therefore willing to accept less space per person. However, price sensitivity rose substantially in 2020. Nevertheless, rents and purchase prices for the few properties that are available are likely to climb in 2021 as a result of the high demand.