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Summary
The Canton of St. Gallen is an attractive region to live in. Over the last 3 years, the population has grown to 525,967 inhabitants, which is equivalent to an increase of 2.98%.
Demographics
On average, residents earn CHF 69,625 annually.
12.81% of residents have a university degree, 15.42% have completed higher vocational education and 49.17% have an SEK II qualification. In addition, 22.61% of residents are currently in school.
The residential area is highly regarded thanks to its high social standards and educated population.
0.89% of the population is presently unemployed.
Taxes
The region has an overall rate of taxation of 11.99%. The actual percentage of tax paid varies from person to person and is based on aspects such as actual income, marital status, the overall level of deductions and so on.
In the Canton of St. Gallen, for example, a married couple on a pension (over 65) pays an average of 15.27% tax, a married couple with two children 7.86% and a childless couple 11.32%%. The tax rate for an unmarried person without children is 16.82%.
Summary of the property market
New construction
The number of newly constructed apartments in the Canton of St. Gallen has been rising continuously for 5 years. A total of 14,672 new apartments were created.
Of these newly built apartments, 413 are 1-room apartments, which are ideal for people living alone.
Additional 2-room apartments have also been built; 2,909 apartments of this type were added in total.
The 4,530 3-room apartments and 4,385 4-room apartments are also of particular interest to families.
1,554 apartments with 5 rooms and 881 apartments with at least 6 rooms have been added to the local housing stock.
Housing stock
Due to new construction, the housing stock in the Canton of St. Gallen has increased, and there are now a total of 270,829 apartments.
The overall number of 1-room apartments is 12,062.
In terms of medium-sized to large apartments, the housing supply comprises 59,222 apartments with 2 rooms, 79,309 3-room apartments and 49,035 with 4 rooms.
The supply of very spacious properties with 5 rooms comprises 49,035 apartments, and there are 38,634 apartments with 6 rooms or more.
Empty apartments
In the Canton of St. Gallen, there is a 1.42% vacancy rate for apartments.
Consequently, 2.85% of the 1-room apartments,
2.09% of all 2-room apartments,
1.91% of apartments with 3 rooms,
1.37% of the 4-room apartments
and 0.79% of apartments with 5 rooms are currently uninhabited.
The vacancy rate is 0.69% for apartments with more than 5 rooms and 0.58% for apartments with more than 6 rooms.
Housing market (rental only)
The average rent for rental properties is CHF 1,385 per month.
25% of the rents on offer are less than or equivalent to a monthly rent of CHF 1,140 (25th percentile).
Additionally, 75% of all monthly rents are cheaper than or equal to CHF 1,660.
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