The housing shortage in Switzerland worsened in the first half of 2025, despite the slowdown in immigration over the past year. Low-income and lower-middle-class households are the hardest hit. The situation is as tense as it was in 2014, when the last persistent shortage began, according to the latest monitoring update from the Federal Housing Office, published on Thursday. It also indicates that no easing is in sight in the medium term. +Get the most important news from Switzerland in your inbox The office notes that housing construction is unlikely to keep pace with household growth over the next two years. The monitoring also points out that becoming a homeowner is now virtually out of reach for first-time buyers, if the costs of acquisition and use are taken into account. This makes the rental market all the more important, particularly for households with low to medium purchasing power, according to the office. They account for almost 80% of all tenant households. The ...