Zurich First-HandCity buys 64 flats in Seebach for CHF 78.22 million
The city executive has bought a plot with twelve apartment buildings. The flats count towards the goal of making a third of all rental flats non-profit by 2050.
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Rents up 3.1 per cent since 2024 – a typical flat costs CHF 1,690
The city statistics office’s 2026 rent survey shows a slower rise than in 2022–2024, but large gaps: non-profit or not, new build or long-running lease, old town or Affoltern.
27 September ballot – five yeses in the city, stricter rules for high-rises
The city approved all five municipal proposals, and in the high-rise dispute it backed the city parliament’s version. Kreis 12 rejected two of them. On the cantonal teachers’ law, the city voted differently from the canton.
2027 budget – CHF 407 million deficit, tax rate stays at 119 per cent, less money for buying housing
The city executive expects deficits of around CHF 600 million a year until 2030 and is therefore cutting or postponing investments, from the Tiefenbrunnen marina to the Dammsteg bike bridge.