2 Income from renting investment real estate
CHF million | 1st half-year | 1st half-year | ||
Rental income from residential properties | 16.7 | 16.9 | ||
Rental income from commercial properties | 81.2 | 70.6 | ||
Income from renting investment real estate | 97.9 | 87.5 |
Income from renting investment real estate increased year-on-year by 11.9% to CHF 97.9 million, which is essentially attributable to the portfolio growth achieved in the second half of 2017 and a reduction in vacancies.
The cumulative vacancy rate for the first half of 2018 totalled 2.0% of target rental income (1st half-year 2017: 2.9%), broken down into 2.0% for commercial properties and 2.1% for residential properties (1st half-year 2017: 3.2% and 1.5%).