Post sponsored by

MIL OSI Translation. Government of the Republic of France statements from French to English –

Source: Canton of Neuchatel Switzerland

08.10.2020 As of June 1, 2020, the Canton of Neuchâtel has a housing vacancy rate of 2.35%, above the shortage threshold set at 1.5%. The number of apartments available throughout the canton is decreasing very slightly, despite the creation of many additional housing units. Thus, after several years of easing of the real estate market, it stabilizes this year. This information is taken from the annual survey of vacant dwellings carried out by the statistical service. Despite the increase of more than 900 housing units in the canton, the increase in the number of vacant properties that began in 2017 was interrupted in 2020. As of June 1, 2020, there were 2266 vacant housing units throughout the territory. cantonal, or 15 less than a year earlier. The vacant housing rate stabilized above the shortage threshold (1.5%), or 2.35%, against 2.39% in 2019. Growth in housing stock in all regions Across the canton, as of January 1, 2020, there are 96,316 housing units in total. In one year, an increase in the housing stock is observed in all regions, as well as in all municipalities with more than 10,000 inhabitants. With the exception of the town of La Chaux-de-Fonds (which alone accounts for 40% of the increase in the housing stock), vacancy rates are falling in all major municipalities. At regional level, the Littoral (-112 vacant dwellings), the Val-de-Travers (-23 vacant dwellings) and the Val-de-Ruz (-15 vacant dwellings) recorded decreases, unlike the Neuchâtel Mountains (+135 vacant housing). Val-de-Ruz again in a shortage situation The ratio between the number of vacant dwellings (as of June 1) and the total housing stock (estimated at the start of the year) provides the vacancy rate. By federal standards, it is generally accepted that there is a shortage when this rate is less than 1.5%. For the fourth consecutive year, the cantonal vacancy rate is above this shortage threshold. Note that on June 1, the Val-de-Ruz region again found itself in a shortage situation. The Littoral and Val-de-Travers, for their part, are just above 1.50%. Finally, the Neuchâtel Mountains region has a high vacancy rate of 4.19%. Mainly 3 and 4 pieces Apartments are more or less popular depending on their number of rooms. In general, in all regions, we can see that 3 and 4 room dwellings represent between 67% and 77% of available dwellings. In terms of vacancy duration, the dwellings that remain vacant the longest are mainly in the Mountains, where one third of the dwellings have been vacant for more than a year. Conversely, it is in Val-de-Ruz that the relocation takes place the fastest: half of the homes have been on the market for less than four months. Rent for vacant apartments Examining the evolution of the cantonal average in terms of rent is very delicate, as the differences between regions are significant. However, between 2019 and 2020 and at the cantonal level, there is a decrease in the average rent for all apartment sizes, except for 3-room apartments. The most marked drop in rent concerns the 6 rooms and more (-59 francs per month) and the 5 rooms (-46 francs per month). As for the rent of the 3 rooms, it remains stable. Vacant dwellings All habitable dwellings (furnished or unfurnished) intended for rental or sale and which were unoccupied on June 1 are considered vacant. Unoccupied single-family houses intended for rental or sale are also taken into account, as are vacant dwellings already let for a later date.   Vacancy rate The vacancy rate is calculated by dividing the number of vacant dwellings with the total stock of dwellings. The latter is provided by the Federal Statistical Office (FSO) by extracting data entered by municipalities in the Federal Register of Buildings and Dwellings (RegBL) which lists all buildings for residential use in Switzerland.   Regions As of January 1, 2018, the districts no longer exist. The canton is now divided into four regions which are as follows: Littoral Region (former districts of Neuchâtel and Boudry), Mountains Region (former districts of La Chaux-de-Fonds and Le Locle), Val-de-Ruz Region (former district of Val-de-Ruz) and Region Val-de-Travers (former district of Val-de-Travers). EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect. MIL Translation OSI