3 Income from renting investment real estate
CHF million |
| 1st half-year 2012 |
| 1st half-year 2011 |
|
|
|
|
|
Rental income from commercial properties |
| 59.6 |
| 59.0 |
Rental income from residential properties |
| 12.2 |
| 10.8 |
Income from renting investment real estate |
| 71.8 |
| 69.8 |
Income from renting investment real estate increased year-on-year by 2.9% to CHF 71.8 million, which is essentially attributable to an increase in the portfolio of income-producing real estate (net) in the past twelve months.
The accumulated vacancy rate for the first half of 2012 amounted to a total of 4.9% of projected rental income (2011: 4.4%), with commercial properties accounting for 5.5% of vacancies, while residential properties accounted for 1.6% (2011: 4.6% and 3.7% respectively).