Expats are leaving Zurich

According to the latest numbers eight percent of the people in Zurich are German expats. They work in banking, hospitals, hotels or as bus drivers. With the economic boom of recent years the Swiss economy was taking in foreigners in big numbers. But now with the downturn some of them are being let go. One clear indication for this trend is the sudden increase in apartments for rent in Zurich. Most of the apartments now coming on the market are multiple bedrooms and rents starting at 4.000 Swiss Francs, an indication that the expats now leaving actually had very well paid jobs.