Important Information for Expats in Switzerland – December 2023

As 2023 draws to a close, expats in Switzerland should be aware of several key events happening in December. Here are nine things you need to know:

1. Interest Rate Increase Affects Renting Costs

On December 1, the Federal Housing Office increased the reference interest rate, impacting landlords’ ability to raise rental costs. This could lead to potential rent increases, with a 0.25% rise authorizing landlords to raise rents by up to 3% for a significant portion of renters.

2. Changes in Swiss Federal Railways Timetable

Swiss Federal Railways will implement a new timetable on December 10, resulting in more trains from cities to mountain destinations. However, there are concerns, especially in French-speaking cantons, about slower Intercity and Interregional trains and changes to local transport.

3. Public Transport Challenges and Fare Increases

Several regional transport providers, notably in Zurich, are cutting services due to a shortage of workers. Starting December 10, tram and bus lines in Zurich will run less frequently at night, accompanied by ticket price increases in the ZVV tariff region.

4. E-vignette for 2024 Available

From December 1, drivers can purchase the 2024 e-vignette for Swiss motorways. Costing 40 francs annually, the electronic vignette eliminates the need for physical stickers. Non-compliance from February 1 may result in a 200-franc fine.

5. Federal Council Election and President Selection

The Federal Council, Switzerland’s executive branch, will be elected on December 13. This year, there’s anticipation due to the vacancy left by President Alain Berset’s resignation. The Green Party argues for a seat, challenging the traditional “magic formula.”

6. Ski Season Kick-off and Winter School Holidays

December marks the start of the Swiss ski season, with major resorts opening their runs.

Schools across Swiss cantons break for winter holidays on December 22, leading to busy travel times around Christmas.

7. Festivities and Celebrations

St. Nicholas Day and Christmas Celebrations: On December 6, Switzerland celebrates St. Nicholas Day with traditions like gift-giving and festive markets. Christmas on December 24 and 25 is marked by gift exchanges and indulgent meals.

New Year’s Eve Celebrations: December 31 brings the celebration of New Year’s Eve, with various events across Swiss cities. Whether joining the festivities or opting for a quiet night at home, enjoy ringing in the new year!