3.2 Real estate expenses

in CHF thousands

 

01.04.2022 to 30.09.2022

 

01.04.2021 to 30.09.2021

 

 

 

 

 

Non recoverable service charges

 

–65

 

–82

Insurance

 

–33

 

–45

Property taxes

 

–13

 

–14

Marketing costs

 

–5

 

–17

Legal fees

 

–2

 

–8

External property management fees

 

–1

 

–6

Other property-related expenses

 

–46

 

–35

Total real estate expenses

 

–165

 

–207

Real estate expenses decreased by TCHF 42 compared to the previous year. The non recoverable service charges have decreased due to the lower vacancy and is with TCHF 17 the largest cost reduction driver. Service charges and insurance expenses represent the largest positions of the real estate expenses with about 60%.