(MENAFN- Swissinfo)
Housing construction is not keeping up with demand from a growing population in Switzerland. © Keystone / Christian Beutler
Switzerland's growing housing shortage is exacerbated by a tangle of red tape, including controls on noise pollution, a working group has heard.
This content was published on May 12, 2023 May 12, 2023 swissinfo.ch/mga The construction of new homes is not keeping up with population growth.
+ why home ownership is a mirage for most swiss
Today, it takes an average of 140 days from planning application to building permit – 56 days more than in 2010, according to the zurich cantonal bank .
The scarcity of new homes is forcing up rental prices, says Credit Suisse.
Building permits for rental properties have decreased by 1,500 compared to the previous year, while immigration has increased by one-third over the same period, the bank warned in a recent report .
Economics Minister Guy Parmelin convened a round table of experts on Friday to examine ways to improve the situation.
MENAFN12052023000210011054ID1106234488
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment