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.