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Tenants breathe a sigh of relief – reference interest rate for rents remains stable – News

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Tenants breathe a sigh of relief – reference interest rate for rents remains stable – News

Tenants breathe a sigh of relief – reference interest rate for rents remains stable – News – SRF

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News Switzerland

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Contents After two increases in a row, the reference interest rate for apartment rents has remained stable this time. The Federal Housing Office (BWO) left the reference mortgage interest rate at 1.75 percent, as stated in a statement Communiqué announced. For many tenants, this means a breather.

Last year, the reference interest rate climbed in two steps from 1.25 to 1.75 percent. Some landlords took this as an opportunity to increase rents significantly – in some cases by over 10 percent.

When determining the reference rate, the BWO relies on the quarterly average interest rate on domestic mortgage claims from Swiss banks. According to the BWO, this increased to 1.72 from 1.69 percent compared to the previous quarter.

+++ More to come +++

sda/schnn;

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