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.
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]
Contents
- What the 32,900 apartments represent
- Key figures
- Where rental construction is gaining momentum
- When will the apartments be ready?
- Occupancy-date estimator
- Around 15% are replacement developments
- Will the rental market ease?
- Will the new apartments be affordable?
- How to find new developments early
- Three scenarios through 2030
- Common misinterpretations
- Checklist for home seekers
- Sources and information date
- Frequently asked questions about the 32,900 rental apartments
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.
Key figures
| Indicator | Value | Assessment |
|---|---|---|
| Rental apartments approved, last 12 months | 32,900 | approved, not necessarily under construction |
| Annual change | +11% | clear recovery |
| Change from recent low | about +50% | low reached roughly two and a half years ago |
| Replacement developments | about 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 2025 | 1.00% | 48,455 vacant homes on 1 June 2025 |
Where rental construction is gaining momentum
| Market region | Cantons/area | Current signal | Assessment |
|---|---|---|---|
| Bern | BE | Applications +44.2% | industrial-site conversions and recovery from a low base |
| Central Switzerland | GL, LU, NW, OW, SZ, UR, ZG | Applications +25.8% | strong demand, especially in Lucerne, Zug and Schwyz |
| Zurich | ZH, SH | Applications remain low | scarce sites, complex densification and long procedures |
| Lake Geneva | GE and lakeside VD municipalities | Applications remain low | very tight market but weak pipeline |
| Northwestern Switzerland | AG, BL, BS, SO | Applications remain low | individual 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 status | Marketing | Occupancy window |
|---|---|---|
| Construction already started | Marketing may begin in 2026/2027 | Occupancy often in 2027–2028 |
| Permit final, start imminent | Marketing during construction | Occupancy often in 2028 |
| Approved, financing or procurement open | Marketing later | Occupancy more likely in 2028–2029 |
| Major site or several phases | Initial letting by phase | First phases 2028/2029, final phases 2030+ |
| Objection, appeal or redesign | Timing uncertain | 2029 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
- Create alerts for new build, first occupancy and the chosen region.
- Monitor municipality, development, cooperative and institutional-owner websites.
- Look for the planned initial letting, not merely the construction start.
- Register early for project newsletters or interest lists.
- Include well-connected neighbouring municipalities.
- Prepare the rental budget and application file before marketing starts.
- Verify the project, manager and payment account before any transfer.
Three scenarios through 2030
| Scenario | Possible development |
|---|---|
| Regional easing | Many projects are built quickly. Choice rises from 2027/2028, especially in Bern, parts of Central Switzerland and selected suburbs. |
| Fragile stabilisation | New homes are absorbed rapidly. Vacancy stabilises at a low level and finding a home remains difficult. |
| Delayed effect | Objections, replacement construction and costs delay completions. The permit wave has its strongest effect only in 2029 or later. |
Common misinterpretations
- Treating 32,900 permits as 32,900 completed homes.
- Assuming every unit is a net addition.
- Interpreting application growth as a regional unit count.
- Applying a national trend directly to one municipality.
- Expecting rents to fall immediately.
- Stopping the current home search while waiting for future projects.
- Treating an announced occupancy date as guaranteed before signing.
Checklist for home seekers
Region
Timing
Application
Safety
Sources and information date
- Blick: 32,900 rental apartments approved, updated 2 August 2026
- Wüest Partner: Housing market and fragile construction recovery
- Wüest Partner: Swiss market-region definitions
- Federal Statistical Office: Vacant dwellings
- Federal Office for Spatial Development: Housing construction
- 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
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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