Rents are likely to increase this year – and there’s no sign the price increases will stop.
Rising interest rates and inflation will prove to be a double blow to tenants.
Today the Federal Housing Office will publish a figure called the ‘reference interest rate’ which allows property owners to set rents.
Since it was introduced in 2008, the rate has only fallen. It started at 3.5% - and now is 1.25%.
Experts agree that the rate will rise this year – and it gives owners the right to raise rents.
In addition, owners can raise rents to counter the higher cost of living.
The bank UBS is predicting a rent rise of 20% by 2025 – and that’s not including inflationary increases.
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