Business · Companies · 9 hrs ago

Swiss property platforms raise prices for premium rental-search subscriptions

Swiss property platforms raise prices for premium rental-search subscriptions

People in Switzerland are finding it harder to secure rental homes amid a housing shortage.

Swiss Marketplace Group raised its premium subscription price to CHF 34.95 a month for a six-month term, an increase of more than 10 percent.

The company owns major platforms including Homegate and Flatfox, and has an estimated 75 percent share of the market.

Paid subscribers can contact landlords immediately, while people who do not pay may wait up to 14 days, when homes are often already taken.

SMG says the higher price reflects added services, including a free debt-register extract, a moving voucher and better placement in its messaging tool.

The Tenants’ Association says the fees exploit housing scarcity and can be unaffordable for people on low incomes.

SMG says its products improve renters’ chances of finding a home.

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What people are saying

Urban HodelCo-secretary general of the Swiss Tenants’ Association
Wer wenig verdient, findet kaum eine bezahlbare Wohnung und kann sich diese Zusatzkosten nicht leisten.
via Watson
Die Betreiber verdienen an der Wohnungsnot.
via Watson