• Annual Report 2022/23
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  • 07_04_02 Real estate expenses

4.2 Real estate expenses

in CHF thousands

 

1.4.2022 to 31.3.2023

 

1.4.2021 to 31.3.2022

 

 

 

 

 

Service charges (non-recoverable)

 

–146

 

–91

Insurance

 

–74

 

–87

Property taxes

 

–26

 

–27

External management fees

 

–19

 

–22

Marketing costs

 

–13

 

–25

Legal fees

 

–3

 

–8

Other property-related expenses

 

–66

 

–64

Total real estate expenses

 

–347

 

–324

As in the previous year, the real estate expenses directly attributable to the investment properties correspond to 3.9% (previous year: 3.8%) of the rental income.

While non-recoverable service charges in 2021/22 were positively impacted by non-period one-off effects amounting to CHF 33k, the same one-off effects showed a negative impact to the same extent in fiscal year 2022/23. As a result, the non-recoverable service charges were CHF 55k higher than in the previous year.