2 Income from renting investment real estate
CHF million | 1st half-year | 1st half-year | ||
Rental income from residential properties | 16.9 | 16.0 | ||
Rental income from commercial properties | 70.6 | 70.5 | ||
Income from renting investment real estate | 87.5 | 86.5 |
Income from renting investment real estate increased year-on-year by 1.2% to CHF 87.5 million, which is essentially attributable to a reduction in vacancies.
The cumulative vacancy rate for the first half of 2017 totalled 2.9% of target rental income (1st half-year 2016: 6.2%), broken down into 3.2% for commercial properties and 1.5% for residential properties (1st half-year 2016: 7.0% and 2.7%).