News and rental market

Where 32,900 new rental apartments are planned – and when they will be ready

Switzerland approved 32,900 rental apartments within twelve months – 11% more than a year earlier and roughly 50% above the recent low. The strongest new momentum is in the Bern region and Central Switzerland, although many projects will not be ready until 2027–2029 and major developments may take longer.

Author: Nikita von Niederhäuser, UrbanHome real estate expertUpdated: Reading time: approx. 16 minutes

In brief

The figure of 32,900 refers to approved rental apartments, not completed or guaranteed homes. Application momentum is strongest in the Bern region, up 44.2%, and Central Switzerland, up 25.8%. Projects starting promptly may deliver larger occupancy waves from 2027 and especially 2028; complex developments may take until 2029, 2030 or later.[1]

What the 32,900 apartments represent

The 32,900 units come from a Wüest Partner analysis published at the end of July 2026 and reported by Blick. The figure is 11% higher than a year earlier and roughly 50% above the recent low.

A planning permit is a leading indicator, not a completion guarantee. Legal finality, detailed design, financing, procurement, construction, acceptance and initial letting may still follow.

The published data does not provide a complete cantonal, municipal or project allocation. Regional percentages describe changes in applications, not the precise number of approved units in each region.

Note: Complete regional unit counts and project-specific dates are not public. The time windows are a reasoned market assessment, not a guarantee.

Key figures

IndicatorValueAssessment
Rental apartments approved, last 12 months32,900approved, not necessarily under construction
Annual change+11%clear recovery
Change from recent lowabout +50%low reached roughly two and a half years ago
Replacement developmentsabout 15%some existing homes will be replaced
Applications in Bern+44.2%strongest published regional increase
Applications in Central Switzerland+25.8%momentum particularly in Lucerne, Zug and Schwyz
Vacancy rate 20251.00%48,455 vacant homes on 1 June 2025

Where rental construction is gaining momentum

Market regionCantons/areaCurrent signalAssessment
BernBEApplications +44.2%industrial-site conversions and recovery from a low base
Central SwitzerlandGL, LU, NW, OW, SZ, UR, ZGApplications +25.8%strong demand, especially in Lucerne, Zug and Schwyz
ZurichZH, SHApplications remain lowscarce sites, complex densification and long procedures
Lake GenevaGE and lakeside VD municipalitiesApplications remain lowvery tight market but weak pipeline
Northwestern SwitzerlandAG, BL, BS, SOApplications remain lowindividual major projects possible, limited overall momentum

Applications in the Bern region increased by 44.2% within a year. Larger industrial-site conversions are included; these can create many homes but often require more time because of phasing, infrastructure and objections.

Applications in Central Switzerland rose by 25.8%. Lucerne, Zug and Schwyz in particular benefit from strong demand, transport links and robust labour markets.

New application momentum remains low in Zurich, Lake Geneva and Northwestern Switzerland. Individual major developments can nevertheless have a substantial local effect.

When will the apartments be ready?

There is no single national occupancy date. The permits were issued over twelve months and cover projects at very different stages.

As a cautious UrbanHome market estimate, projects already underway or starting shortly may be ready in 2027 or 2028. Major replacement schemes, industrial sites and phased developments may require until 2029, 2030 or later.

These windows are not an official Wüest Partner forecast. Only the individual developer or a signed lease can provide a binding date.

Project statusMarketingOccupancy window
Construction already startedMarketing may begin in 2026/2027Occupancy often in 2027–2028
Permit final, start imminentMarketing during constructionOccupancy often in 2028
Approved, financing or procurement openMarketing laterOccupancy more likely in 2028–2029
Major site or several phasesInitial letting by phaseFirst phases 2028/2029, final phases 2030+
Objection, appeal or redesignTiming uncertain2029 or later; not guaranteed

Occupancy-date estimator

Rough guide from August 2026; no guarantee.

Around 15% are replacement developments

According to the study author, around 15% of the approved apartments are replacement developments. Fifteen per cent of 32,900 is approximately 4,935 homes.

This does not mean net growth is exactly 4,935 units lower. A building with 40 old apartments may be replaced by 90 new ones.

The remaining approximately 27,965 units are not a guaranteed net increase either, as projects can change, be delayed or be abandoned.

Will the rental market ease?

Higher permit numbers are a positive medium-term signal, but they do not end the shortage immediately. Switzerland’s official vacancy rate was exactly 1.00% in 2025.

Wüest Partner considers gradual stabilisation possible in individual regions from 2027, but did not forecast rapid nationwide relief.

The outcome depends on whether projects are built, where they are located, how many homes they replace and how strongly population and household numbers continue to grow.

Will the new apartments be affordable?

New apartments are often more expensive than long-standing tenancies because of land, construction, finance and energy costs. More supply may slow asking-rent growth, but it does not automatically produce low initial rents.

Cooperatives, non-profit developers, affordable-housing quotas and public land can serve different price segments from purely return-driven projects.

Home seekers should compare gross rent, ancillary costs, floor area, mobility costs and occupancy requirements.

How to find new developments early

  1. Create alerts for new build, first occupancy and the chosen region.
  2. Monitor municipality, development, cooperative and institutional-owner websites.
  3. Look for the planned initial letting, not merely the construction start.
  4. Register early for project newsletters or interest lists.
  5. Include well-connected neighbouring municipalities.
  6. Prepare the rental budget and application file before marketing starts.
  7. Verify the project, manager and payment account before any transfer.

Three scenarios through 2030

ScenarioPossible development
Regional easingMany projects are built quickly. Choice rises from 2027/2028, especially in Bern, parts of Central Switzerland and selected suburbs.
Fragile stabilisationNew homes are absorbed rapidly. Vacancy stabilises at a low level and finding a home remains difficult.
Delayed effectObjections, replacement construction and costs delay completions. The permit wave has its strongest effect only in 2029 or later.

Common misinterpretations

  1. Treating 32,900 permits as 32,900 completed homes.
  2. Assuming every unit is a net addition.
  3. Interpreting application growth as a regional unit count.
  4. Applying a national trend directly to one municipality.
  5. Expecting rents to fall immediately.
  6. Stopping the current home search while waiting for future projects.
  7. Treating an announced occupancy date as guaranteed before signing.

Checklist for home seekers

Region

Timing

Application

Safety

Sources and information date

  1. Blick: 32,900 rental apartments approved, updated 2 August 2026
  2. Wüest Partner: Housing market and fragile construction recovery
  3. Wüest Partner: Swiss market-region definitions
  4. Federal Statistical Office: Vacant dwellings
  5. Federal Office for Spatial Development: Housing construction
  6. Construction statistics: 46,731 new homes completed in 2023

Information current as of 4 August 2026.

Frequently asked questions about the 32,900 rental apartments

No. They are approved apartments. Some are under construction, while others have not started.

In applications in Bern and Central Switzerland. A complete cantonal allocation has not been published.

From 2027 for some projects already underway. Many newly approved projects may follow in 2028, with major developments later.

No. Many units will be ready only in 2028, 2029 or later.

Around 15% belong to projects replacing existing homes. The exact net increase cannot be derived from this.

Not automatically. They may reduce pressure, but new-build rents are often higher.

Use alerts, project newsletters, municipal information, cooperative websites and first-letting portals.

Yes. Financing, objections, costs or redesign can delay or prevent construction.

Summary

The 32,900 approved rental apartments are the strongest positive supply signal in several years, but they are not immediately available. Momentum is strongest in Bern and Central Switzerland, and many occupancy dates are likely between 2027 and 2029. Home seekers should monitor new developments early without pausing their current search.

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Cached: 15.10.2026 17:30:30