⏱ 1 min read
Background
Rents are rising sharply in Geneva amid a housing crisis. The Vidollet district illustrates this trend, according to the Tribune de Genève.
The key points
Tenants of a working-class building in Vidollet have seen their rent soar since a 32 million franc transaction. The sale took place within a single family and involves local market players.
Tenants describe precarious situations in the face of these steep increases. According to the newspaper, the successive increases aim to get rid of the longest-standing tenants.
Key figures
- Amount of the property transaction: 32 million francs.
Who says what
Tenant associations are calling for better cantonal regulation.
Further reading
Sources
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