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Summary
Faoug has grown by 2.95% in the past 3 years and currently has 907 inhabitants.
Demographics
The average annual income level is CHF 75,080. A total of 20.16% of the population hold a university degree, 19.48% have completed higher vocational training, 45.27% of the population have an SEK II qualification (school-leaving certificate or apprenticeship) and 15.09% of residents are currently completing compulsory education.
Currently, 1.54% of the population is unemployed.
Taxes
14.91% is the tax rate in the region. However, the individual tax burden varies from person to person and depends on income, marital status and the total amount of deductions, among other factors. In Faoug, the tax percentage for childless, unmarried people is 20.3%. A married couple on a pension (over 65) pays an average of 19.43%, a couple with two children 9.91% and a childless couple 14.09%%.
Summary of the property market
New construction
In the last 5 years, 7 new apartments have been created in Faoug.
One of the newly constructed apartments has 2 rooms. In addition, one new 3-room apartment and 2 4-room apartments have been built. The number of very large apartments also increased: 2 apartments with a minimum of 6 rooms and one apartment with 5 rooms were constructed.
Housing stock
Thanks to new construction, the housing stock in Faoug has grown, and there are now a total of 544 apartments. The overall number of 1-room apartments amounts to 19. Additionally, there are 66 apartments with 2 rooms, 123 apartments with 3 rooms and 161 apartments with 4 rooms. There are 104 5-room apartments and 71 large apartments with at least 6 rooms.
Empty apartments
The rate of apartment vacancies in Faoug is 6.65%. Of this number, 5.26% of 1-room apartments, 13.64% of the apartments with 2 rooms, 6.56% of apartments with 3 rooms, 6.25% of the apartments with 4 rooms and 6.8% of all 5-room apartments are presently uninhabited. Apartments with more than 5 rooms have a vacancy rate of 4.6%; 1.41%% of this total refers to apartments with more than 6 rooms.
Property market (letting only)
The average rental price for a property is CHF 1,600. Consequently, 25% of all rents on the market are lower than or equal to a monthly rent of CHF 1,259 (25th percentile). Monthly rents are lower than CHF 1,818 (75th percentile), or they are equivalent to this average price.
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