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Summary
The Canton of Ticino is an attractive area for residents. The population has increased by 0.72% in the past 3 years, to a total of 354,023 inhabitants.
Population data
The average income level is CHF 73,450.
18.77% of the population have a university degree, 11.42% have a higher vocational training qualification, 45.42% of the population have a school-leaving certificate or have completed a vocational apprenticeship, 24.34% of residents have completed compulsory schooling and 0.05% of the population provided no information about their highest level of education.
Consequently, this area has high social standards and an educated population.
1.22% of the population is presently unemployed.
Taxes
11.65% is the tax burden in the region. However, the individual amount of tax paid varies from person to person and is based on income, marital status and the amount of deductions, among other factors.
A married couple on a pension (over 65) pays an average of 15.84% tax in the Canton of Ticino, a married couple with two children pays 6.61% and a childless couple 10.28%. The tax burden for a childless, unmarried person is 17.16%.
The overall property market
New buildings
In the last 5 years, the number of newly constructed apartments in the Canton of Ticino has grown steadily. A total of 11,605 new apartments have been built.
Of these new builds, a total of 571 apartments have exactly one room to live in.
Additional 2-room apartments have also been created; 3,741 apartments of this type were added in total.
With 3,577 new 3-room apartments and 2,649 4-room apartments, the residential area is particularly attractive for families.
Money was also invested into more spacious accommodation: 674 5-room apartments were constructed, offering plenty of living space; 393 apartments with a minimum of 6 rooms were also built.
Housing stock
New construction has further expanded the pool of housing available in the region; there are now a total of 253,319 apartments in the Canton of Ticino.
The number of 1-room apartments totals 14,167.
In addition, there are 47,225 apartments with 2 rooms, 75,449 apartments with 3 rooms and 72,173 apartments with 4 rooms.
There are 27,160 5-room apartments and 17,145 large apartments with 6 or more rooms.
Empty apartments
In the Canton of Ticino, 2.2% of apartments are uninhabited.
Consequently, 3.44% of the 1-room apartments,
2.61% of the 2-room apartments,
2.6% of apartments with 3 rooms,
1.86% of all 4-room apartments
and 1.21% of 5-room apartments are currently vacant.
Apartments with more than 5 rooms have a vacancy rate of 1.26%; 1.35%% of this total refers to apartments with more than 6 rooms.
Housing market (rental only)
Rental properties are available at average rental prices of about CHF 1,370 per month.
A quarter of all rents on offer are lower than or equal to a monthly rent of CHF 1,146 (25th percentile).
75% of monthly rents are less than CHF 1,600 (75th percentile), or they are equivalent to this average price.
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