Switzerland sees over 60% of residents renting despite high wages

Switzerland ranks among the world’s highest‑average‑wage nations, yet more than 60% of its population lives in rented apartments, the highest rental share in Europe. Expensive property prices in major cities such as Zurich, Geneva and Lausanne, combined with strict mortgage requirements—typically a 20% down‑payment and rigorous affordability tests—limit home‑ownership.

Renting is socially accepted and legally protected; tenancy contracts often span years or decades, and tenants enjoy strong safeguards. Consequently many Swiss households choose long‑term renting over taking on large mortgage debt.