Lower reference rate signals residential rent reductions

2nd December 2010, Comments 0 comments

The Swiss federal housing office lowers its quarterly reference rate used to determine rental rates 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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