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Zurich: affordable housing turned luxury:
Housing crisis in Zurich
Affordable accommodation becomes luxury apartments on Airbnb – Zurich: affordable housing turned luxury
The “Sugus” buildings. In addition, emptied of 250 tenants, turn into tourist residences. Meanwhile, A 4.5 pieces rented 2000 francs before can bring in seven times more.
On December 8 in Zurich. Nevertheless, a solidarity demonstration with the tenants of “Sugus” buildings after the massive expulsion due to renovation work.
KEYSTONE
The transformation of rental buildings into zurich: affordable housing turned luxury tourist accommodation continues in Zurich, despite judicial disputes. Regina Bachmann. new owner famous buildings “Sugus» of the Röntgenareal district, began to offer several apartments on Airbnb even though the opposition procedures for lease terminations are still in progress, according to the “Daily Anzeiger».
Buildings with colorful facades, which owe their nickname to Swiss candies, were recently housed housing at affordable prices. Today, an apartment of 4.5 rooms is offered at 8,463 francs, against 2,000 francs before, according to republik.ch. However. thanks to the dynamic airbnb pricing, the rent can reach nearly 14,000 francs if the apartment is fully occupied, in this case by six people.
The announcements. published by the company Residence Services GmbH based in Küsnacht, present these accommodation as “design apartments in a trendy district” and seem to target an international clientele with zurich: affordable housing turned luxury high purchasing power.
Expulsion massive
Despite the qualification of “abusive” of the terminations by the conciliation authority during the first hearings in June. the owner was able to develop between twelve and fifteen apartments already released by tenants who have given up continuing the procedure or having already moved. Code access systems and cameras have been installed, gradually transforming these residential buildings into a temporary hosting structure.
This transformation worries current residents: “We feel like in a passage hotel. Many are wondering who will now enter and get out of the building, ”says a resident.
This case had provoked demonstrations before the “Sugus” buildings last December, after a massive expulsion due to renovation work. It illustrates the growing tensions between real estate profitability. the right to housing in the zurich: affordable housing turned luxury largest Swiss city, where the shortage of affordable housing worsens each year.
The tenants have just won an important legal victory. The conciliation authority has recently declared invalid all the lease terminations examined so far. Additionally, The owner has twenty days to contest this decision. If it abstains, the tenants will benefit from protection against terminations for three years.
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