EQS-News

Report on home moving in Switzerland in 2020 - Seite 2

Switzerland still a nation of renters
The data gathered shows that renting is still the most common form of tenure in Switzerland. The survey revealed, for example, that there was a slight rise in the proportion of the younger generation (under 30s) moving into a rental property - presumably as a result of them leaving the parental home. The opposite trend was evident among the middle age bracket (30 to 49 years), where the proportion of people moving into a purchased property increased. In the older age bracket (50+), the respective proportions of people moving into purchased and rental properties were more or less unchanged.

The desire for more living space
The report found that the most common reason for moving home was a desire for more living space, which was cited by 31 per cent of the survey participants. 25 per cent gave changes in their family situation as a reason for moving and for 16 per cent it was to leave their parental home. 
In the 30 to 49 age bracket, a change in the amount of space needed (usually more space) was the most common reason for moving. Among the movers aged 50 plus, however, a significantly higher number of respondents indicated that they were looking to downsize. In the under 30 age bracket, leaving the parental home was the primary motivation for moving, whether because of starting a new job or going away to study or train.

People of the younger generation are the most relaxed movers
The closer it gets to moving day, the more people's stress levels rise. However, there are some variances across the age brackets. Overall, 43 per cent of respondents said that they had found their move stressful. However, movers aged under 30 reported slightly lower stress levels than older generations. This may be because many of them were moving out of their parental home and so had less time pressure and probably fewer belongings to take with them.

MOVU AG, part of Baloise's Home ecosystem
As our lives become increasingly digital and complex, people are looking for simple solutions. MOVU AG, which is part of Baloise's Home ecosystem, provides people moving home with a secure and guaranteed process for selecting removal companies and cleaning firms. Then, when it comes to the move itself, customers benefit from Baloise's removals insurance, which provides new-for-old cover for any furniture that is damaged. MOVU, which is based in Zurich and was acquired by Baloise in 2017, is Switzerland's biggest home-moving services platform. Since being founded in May 2014, it has helped more than 50,000 customers move home.