Poor rental yields in Switzerland

Residential Valuation Specialist | November 15, 2022

Last Updated: Sept. 09, 2022
CANTON OF ZURICH - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Zurich (all locations)
Studio €518,229 €1,602 3.71%
1-Bedroom €789,658 €1,936 2.94%
2-Bedroom €1,077,507 €2,055 2.29%
3-Bedroom €1,180,126 €2,447 2.49%
4+Bedroom €1,411,394 €2,955 2.51%
Canton of Zurich avg. Rental Yields 2.79%
CANTON OF GENEVA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Geneva (all locations)
Studio €728,600 €1,314 2.16%
1-Bedroom €1,048,004 €1,647 1.89%
2-Bedroom €1,282,746 €2,158 2.02%
3-Bedroom €1,482,854 €2,873 2.33%
4+Bedroom €2,052,394 €3,894 2.28%
Canton of Geneva avg. Rental Yields 2.13%
CANTON OF VAUD - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Vaud (all locations)
Studio €315,556 €1,026 3.90%
1-Bedroom €559,277 €1,491 3.20%
2-Bedroom €774,779 €1,847 2.86%
3-Bedroom €1,113,424 €2,309 2.49%
4+Bedroom €1,636,784 €2,940 2.16%
Canton of Vaud avg. Rental Yields 2.92%
CANTON OF TICINO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Ticino (all locations)
Studio €318,121 €877 3.31%
1-Bedroom €483,339 €1,242 3.08%
2-Bedroom €733,731 €1,505 2.46%
3-Bedroom €1,046,721 €1,724 1.98%
4+Bedroom €1,901,543 €2,848 1.80%
Canton of Ticino avg. Rental Yields 2.53%
CANTON OF VALAIS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Valais (all locations)
Studio €208,769 €841 4.83%
1-Bedroom €371,774 €1,234 3.98%
2-Bedroom €524,494 €1,532 3.51%
3-Bedroom €673,615 €1,802 3.21%
4+Bedroom €873,642 €2,052 2.82%
Canton of Valais avg. Rental Yields 3.67%
CANTON OF BERN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Bern (all locations)
Studio €249,392 €962 4.63%
1-Bedroom €411,368 €1,337 3.90%
2-Bedroom €624,765 €1,337 2.57%
3-Bedroom €761,030 €1,697 2.68%
4+Bedroom €943,575 €2,218 2.82%
Canton of Bern avg. Rental Yields 3.32%
CANTON OF AARGAU - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Aargau (all locations)
1-Bedroom €509,048 €1,442 3.40%
2-Bedroom €704,467 €1,676 2.86%
3-Bedroom €833,020 €1,831 2.64%
4+Bedroom €1,023,277 €2,237 2.62%
Canton of Aargau avg. Rental Yields 2.88%
CANTON OF FRIBOURG - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Fribourg (all locations)
Studio €321,895 €833 3.11%
1-Bedroom €401,084 €1,309 3.92%
2-Bedroom €583,628 €1,604 3.30%
3-Bedroom €716,808 €1,872 3.13%
4+Bedroom €938,433 €2,242 2.87%
Canton of Fribourg avg. Rental Yields 3.26%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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If you are buying in Switzerland it is usually not the rental yield that interests you because in the past Swiss rental returns have been comparatively poor, and in any case, buying by foreigners is significantly restricted. But as the global house price boom has gathered steam over the past 15 years, Swiss rental returns have stayed steady. Swiss rental returns are still classified by us as "poor".

What are the rental yields in Switzerland in some of their biggest cantons

  • Canton of Zurich apartments have a rental yield of 2.29% to 3.71% with a city average of 2.79%.
  • Canton of Geneva apartments earn a rental yield between 2.33% to 1.89% with an average of 2.13%
  • Canton of Vaud apartments yield between 2.16% to 3.90% with an average of 2.92%.
  • Canton of Ticino apartments can yield you between 1.80% to 3.31% with an average of 2.53%.
  • Canton of Valais apartments yield stay between 2.82% to 4.83% with an average of 3.67%.
  • Canton of Bern apartments earns a yield between 2.57% to 4.63% with an average of 3.67%.
  • Canton of Aargau apartments have a yield between 2.62% to 3.40% with an average of 2.88%.
  • Canton of Fribourg apartments yield between 2.87% to 3.92% with an average of 3.26%.

Round trip transaction costs are moderate on residential property in Switzerland. See our Swiss residential property transaction costs analysis and Transaction costs in Switzerland compared to other countries