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Abstract

St. Gallen has grown by 1.11% in the last 3 years, to 76,931 inhabitants.

Demographic data

On average, people earn CHF 69,030 annually.

Of the population, 22.75% have a university degree, 12.74% have completed higher vocational training, 42.77% have an SEK II qualification (school-leaving certificate or apprenticeship) and 21.75% of residents are currently enrolled in compulsory schooling.

1.08% of the population is currently unemployed.

Taxes

The tax rate for the area is 13.17%. It varies from person to person and depends on aspects such as actual income, marital status and the amount of deductions.

In St. Gallen, unmarried people without children pay an average of 18.46% tax, a retired, married couple pays 16.71%, a couple with two children pays 8.68% and a childless couple pays 12.47%.

The property market in general

New construction

1,451 new apartments have been constructed in St. Gallen over the past 5 years.

112 of the newly constructed apartments are 1-room apartments, which are particularly suitable for people living alone.

A total of 403 new 2-room apartments have additionally been built.

530 3-room apartments and 306 apartments with 4 rooms were also created.

The new-build apartments include 64 5-room apartments and 36 apartments with a minimum of 6 rooms.

Housing stock

The new buildings have contributed to an additional expansion of the housing stock, and there are now 45,074 apartments in St. Gallen.

The number of 1-room apartments is 3,865.

In addition, there are 7,074 apartments with 2 rooms, 11,307 apartments with 3 rooms and 14,401 apartments with 4 rooms.

In total, there are 5,534 5-room apartments and 2,893 large apartments with 6 or more rooms.

Vacant apartments

The vacancy rate in St. Gallen is 2.08%.

This means that 4.3% of the 1-room apartments,

2.97% of all 2-room apartments,

2.36% of all 3-room apartments,

1.36% of the 4-room apartments

and 1.34% of 5-room apartments are empty.

The rate of vacancy is 1.19% for apartments with more than 5 rooms and 0.9% for apartments with more than 6 rooms.

Housing market (letting only)

The average rent price for rental properties is CHF 1,310 per month.

In terms of the available rents, a quarter of them are equal to or lower than a monthly rent of CHF 1,050.

Finally, 75% of monthly rents are less than CHF 1,580, or are equivalent to this amount.