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Abstract
The population of Locarno has risen to 16,241 in the last 3 years. This is an increase of 2.95%.
Demographics
The average annual income is CHF 58,375.
14.78% of the population have a university degree, 12.07% have completed higher vocational training, 40.97% have an SEK II qualification (school-leaving certificate or apprenticeship), 32.18% of residents are currently in compulsory education and 0.01% of the population provided no information on their highest level of education.
As a result, the region has high social standards.
At the time of reporting, 1.52% of the population is unemployed.
Taxes
The total rate of taxation in the region is 12.01%. The actual amount of tax individuals pay depends on various factors, including specific income, marital status and the total amount of deductions.
In Locarno, the tax percentage for single people with no children is 17.69%. A retired, married couple (over 65) pays an average of 16.32%, a married couple with two children 6.82% and a couple without children 10.6%%.
The property market in general
New construction
945 new apartments have been built in Locarno over the past 5 years.
One-room apartments comprise 60 of the newly constructed apartments – an excellent option for people living alone.
The number of new-build 2-room apartments is 430.
A total of 302 new 3-room apartments and 138 4-room apartments were constructed.
Funds were also invested in more spacious accommodation: 13 5-room apartments were created, providing plenty of living space; 2 apartments with at least 6 rooms were also created.
Housing stock
The new builds are helping to ensure the continued growth of the region's housing stock, which totals 12,121 apartments in Locarno.
There are a total of 1,094 1-room apartments available in the area.
There are also 2,867 apartments with 2 rooms, 4,261 apartments with 3 rooms and 2,860 4-room apartments.
In total, there are 652 5-room apartments and 387 large apartments with a minimum of 6 rooms.
Vacant apartments
1.97% of apartments in Locarno are uninhabited.
Of this figure, 3.6% of 1-room apartments,
1.23% of the 2-room apartments,
2.12% of all 3-room apartments,
2.14% of the apartments with 4 rooms
and 1.75% of 5-room apartments are empty.
Apartments with more than 5 rooms have a vacancy rate of 1.2%; 0.27%% of this total refers to apartments with more than 6 rooms.
Housing market (letting only)
The average rent for a flat in the region is CHF 1,360.
This means that 25% of all available rents are cheaper than or equal to a monthly rent of CHF 1,140 (25th percentile).
In addition, 75% of all monthly rents are lower than or equivalent to CHF 1,580.
ZIP of Locarno
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