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Abstract
The Canton Schwyz is a very popular place to live. In the past 3 years, the number of inhabitants has grown to 164,920, which amounts to a population increase of 2.77%.
Population statistics
The average income is CHF 116,335.
Of the population, 16% have a university degree, 16.31% have completed higher vocational training, 46.19% have an SEK II qualification (school-leaving certificate or apprenticeship), 21.39% are currently enrolled in compulsory schooling and 0.11% of the population did not specify their highest educational qualification.
Consequently, this is an area with high social standards and an educated population.
The unemployment rate currently stands at 0.42%.
Taxes
7.82% is the tax burden in the region. However, the individual amount of tax paid differs from person to person and depends on income, marital status and the overall level of deductions, among other factors.
The tax percentage for an unmarried person without children is 10.85%. On average, a retired couple (over 65) pays 10.25%, a married couple with two children 4.89% and a couple without children 7.12%.
The property market overall
New construction
The Canton Schwyz has recorded an increase of 5,287 new apartments over the last 5 years.
The 109 1-bedroom apartments are perfect for singles.
837 of the new builds are also 2-room apartments.
Additionally, 1,539 3-room apartments and 1,816 4-room apartments have been added to the pool of housing available locally in recent years.
For people on the search for more living space, 694 5-room apartments and 292 apartments with at least 6 rooms have been built.
Housing stock
The new buildings have contributed to a further expansion of the housing stock, and there are now 82,399 apartments in the Canton Schwyz.
As for 1-room apartments, a total of 3,322 properties are on the market.
The total number of properties amounts to 9,628 apartments with 2 rooms, 18,727 apartments with 3 rooms and 26,324 apartments with 4 rooms.
Finally, 15,002 5-room apartments and 9,396 spacious apartments with a minimum of 6 rooms are available in the area.
Unoccupied apartments
In the Canton Schwyz, there is a 0.5% vacancy rate for apartments.
Of this total, 0.97% of 1-room apartments,
0.56% of apartments with 2 rooms,
0.57% of apartments with 3 rooms,
0.44% of apartments with 4 rooms
and 0.44% of apartments with 5 rooms are presently empty.
Apartments with more than 5 rooms have a vacancy rate of 0.44%; of that figure, 0.43% are apartments with more than 6 rooms.
Property market (letting only)
Rental properties are offered at an average rent of CHF 1,800 per month.
A quarter of all available rents are less than or equivalent to a monthly rent of CHF 1,460 (25th percentile).
In addition, 75% of all monthly rents are cheaper than or equal to CHF 2,200.
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