Sunday, October 2, 2022

Even ghost settlements are suddenly in great demand

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Practically vacant for years after completion: the Dreilinden estate in Langenthal Bey.

Dorothea Wollenweider, Ulrich Rotzinger

The decline is stronger than in 20 years: 9,869 fewer apartments are vacant compared to the previous year, a significant decrease of 13.8 percent. This is the result of the calculation of vacancies by the Federal Statistics Office (BFS). The reference date for the annual vacancy rate survey is 1 June.

Striking: There are only 61,496 vacant apartments, which corresponds to 1.31 percent of the total housing stock in Switzerland, including single-family homes. So it should come as no surprise that life has moved on to ghost towns as well. For example in Langenthal BE.

the ghosts have flown away

Blick reported on the Dreilinden development in the autumn of 2017, being able to deliver 9 of the 38 apartments only a year after completion. “We only have vacancies at the Dreilinden development when there is a change of tenants,” says Cecil Richards (48), managing director of the Constivita Immobilian Investment Foundation in Dübendorf ZH, which is responsible for the Langenthal property. Dreilinden has been completely rented for about nine months.

There is also talk of a vacancy rate of “less than 5 percent” for Sue & Till development in Winterthur, which was initially not very popular. According to the administration, the demand has increased significantly in the last 6 to 9 months.

There is also talk of housing shortage in some areas. “Anyone who is looking for a rental apartment knows it is difficult,” confirms Ursina Kubili (43), senior real estate specialist at Zucher Kantonalbank (ZKB). The housing shortage is most felt in cheap apartments.

Nation World News Desk
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