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Synopsis

The population of Engelberg has increased by 2.65% over the last 3 years, to 4,297 inhabitants.

Demographic data

Average income totals CHF 92,170.

The proportion of university graduates is 18.49%; 19.38% of residents have higher vocational training, and 40.73% have SEK II qualifications. Additionally, 21.43% of residents are currently in compulsory education.

Consequently, the area has high social standards.

Around 0.35% of the population is presently unemployed.

Taxes

The tax percentage is 11.37%. The actual tax rate varies from person to person and is based on aspects including current income, marital status and the amount of deductions.

In Engelberg, the rate of taxation for single people without children is 14.33%. A retired, married couple (over 65) pays an average of 14.5%, a couple with two children 8.13% and a couple without children 10.76%%.

Summary of the property market

New buildings

73 new apartments have been built in Engelberg in the past 5 years.

5 of the new apartments are 1-room apartments, which are particularly suitable for singles.

A total of 9 new 2-room apartments have additionally been constructed.

26 apartments with 3 rooms and 17 4-room apartments were also added.

Furthermore, the number of spacious apartments available includes 9 5-room apartments and 7 apartments with at least 6 rooms.

Housing stock

The new builds provide more housing in the region. There are a total of 4,613 apartments in Engelberg.

A total of 535 1-room apartments are available on the market.

What's more, there are 944 apartments with 2 rooms, 1,395 apartments with 3 rooms and 1,040 apartments with a full 4 rooms.

There are 438 5-room apartments and 261 large apartments with at least 6 rooms.

Vacant apartments

The vacancy rate in Engelberg is 0.46%.

Of this total, 0.75% of 1-room apartments,

0.32% of apartments with 2 rooms,

0.36% of the 3-room apartments,

0.1% of the 4-room apartments

and 1.15% of the 5-room apartments are currently uninhabited.

The vacancy rate for apartments with more than 5 rooms is 1.15%; 1.15% of those unoccupied properties are apartments with a minimum of 6 rooms.

Property market (letting only)

Rent prices for rental properties are, on average, around CHF 1,550 per month.

A quarter of all rents on the market are cheaper than or equal to a monthly rent of CHF 1,250 (25th percentile).

Finally, 75% of monthly rents are less than CHF 1,960, or are equivalent to this amount.