Most new-build flats in canton Zurich go to existing residents, not to so-called "rich expats". This is shown by a study on the housing shortage, which was published on Friday. +Get the most important news from Switzerland in your inbox Only 8% of new-build flats in canton Zurich are rented to foreigners who are new residents; 92% are rented to locals – mainly to people from the same neighbourhood or the surrounding region. These are the findings of a residential survey conducted by the opinion research institute Sotomo on behalf of the Zurich Chamber of Commerce. This is because the Swiss have more opportunities to explore the housing market. This also means that they become aware of new construction projects in their own neighbourhood. + What expats are looking for on the Swiss housing market 'Rich expats' in overpriced flats The "rich expats" often have little time to look for accommodation and are not familiar with local conditions. They are also used to the high prices of ...
