Your apartment could cost less by this winter
Bern, Switzerland (GenevaLunch) - The reference interest rate to which rents in Switzerland are linked has fallen to 3 percent, and tenants are now in a position to ask for lower rent.
The rate has fallen by .025 percentage points, for the second quarter in a row, and rents should follow, although Bern cautions that landlords are not automatically obliged to lower these. Repairs, renovations and other factors are taken into consideration, in obliging landlords to put down rent.
Background: “Rent could go down but don’t bank on it”, 3 June 2009, GenevaLunch
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 1 September 2009.
Filed under: Society
Tags: Business, Geneva, interest rates, landlords, Lausanne, reference rate for rent, rent, Switzerland, tenants
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