The Housing Shortage in Canton of Vaud Worsens, Vacancy Rate Hits Record Low: Latest Statistics and Analysis

2023-07-11 15:01:28

The housing shortage continues in the canton of Vaud, even if certain districts are more spared. It has even worsened with a vacancy rate of 0.98% on June 1, against 1.10% a year earlier.

This decline constitutes “a new tightening of the housing market”, indicates Statistics Vaud on Tuesday. And remember that the market is considered balanced with a vacancy rate of 1.5%, which has not been the case since 1999 in Vaud.

On June 1, 4,223 dwellings were announced vacant in the canton (-496 over one year). This total consisted of 929 objects intended exclusively for sale (+176) and 3294 (-672) offered for rental or on both markets.

Most of the vacant dwellings are three (1,219 units) or four (828 units) rooms. Compared to the previous year, there are fewer empty apartments with one to four rooms, but more for five or more rooms.

Western Lausanne in difficulty

By district, West Lausanne has the lowest vacancy rate (0.46%), while the highest are in Aigle (1.65%) and Broye-Vully (1.48%). %).

Year over year, the situation deteriorated or remained stable in eight districts. With a particularly significant drop in western Lausanne (-0.81 percentage point, 324 fewer dwellings).

Conversely, a slight increase was observed in the districts of Nyon and Lausanne, where the situation nevertheless remains tense with rates of 1.22% and 0.61% respectively.

Other methodology

In the wake of the publication of official figures from Statistics Vaud, the cantonal section of the Swiss Union of Real Estate Professionals (USPI) said that, according to its own survey, it noted the same downward trend. It arrives at a vacancy rate of 1.15% (compared to 0.98% according to Statistics Vaud).

As in previous years, the USPI stressed that it did not follow the same methodology. “Statistics Vaud uses absolute figures provided by the municipalities and compares them to the entire housing stock, whereas these absolute figures can only relate to part of the said stock”, estimates the USPI.

As a result, according to her, the figures communicated by Statistics Vaud are exaggerated. According to the USPI, five districts (Aigle, Broye-Vully, Gros-de-Vaud, Jura-Nord vaudois, Riviera-Pays-d’Enhaut) are out of shortage on the rental market.

Not “catastrophic”

While the demand for housing remains strong, the supply is “hard to follow due in particular to the slowness of the administrative procedures coupled with the lack of labor and raw materials as well as the refusal by the population of construction projects “, affirmed the USPI.

However, she qualified by adding that “we are far from a catastrophic situation decried by certain circles”.

This article has been published automatically. Source: ats

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