Although there is a shortage of apartments to rent, it seems as if buy for rent properties are being sold cheaper than they were a year ago. Depending on where the properties are the price difference varies from 5% to 20% compared to this time last year. The national bank had forecast a correction in the property prices and it seemed to be proving true. This is in line with a worldwide trend.
Although the local tax is due to be lowered and the city is set to lose 8 million francs worth of income as a result, there is not much to worry about as the canton of Lucerne as the major shareholder of the Luzerner Kantonalbank and, as such, will be receiving a dividend of over 80 million francs for last year. The bank itself made a profit of 226.6 million francs in 2022.
The Luzerner Fest is one of the city’s highlights and the money collected goes towards supporting local organisations, except that one man, who had been put in charge of looking after 3 drinks stands, is alleged to have decided to help himself to the earnings from those stands. Namely over 47 000 francs. He denies all the charges but could face jailtime and a fine if foudn guilty.
For the first time in 45 years King Charles will not be coming to Klosters for his ski holiday. He doesn’t want to risk injuring himself ahead of his coronation in May.
The department store Jelmoli will close its doors for good end of 2024. Many are now questioning if this is the beginning of the end for Zurich’s most exclusive shopping street.
In Nottwil, a police dog chased two burglars for 3.5 kilometers cornering them into a tree until the police arrived to arrest them. They were found to have burglarised a car and a neighbour had called the police on them.
10 Swiss helpers and theirs 6 dogs flew to Turkey to help search for survivors in the rubble. To date over 8000 people are feared dead and the numbers are growing. So far 1.3 million francs in donation have been collected through the national organisation die Glückskette. You can donate there too by clicking on this link.