Lower reference rate signals Swiss rent reductions

2nd December 2010, Comments 0 comments

The Swiss federal housing office lowers its quarterly reference rate used to determine rents for apartments and other homes to 2.75 from three percent. The reduction should come as a relief for many tenants who stand to see the cost of their leases drop by more than eight percent, according to a renters group, which warns that such cuts are far from automatic.

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