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Additional information
Synopsis
Having declined by 0.24%, the population in Lugano has fallen to 62,464 over the last 3 years.
Demographics
Average income totals CHF 87,125. 23.1% of residents are currently completing compulsory education, 40.38% have an SEK II qualification, 9.49% have a higher vocational training qualification and 27.02% of the population have a university degree.
The unemployment rate is 1.31%.
Taxes
The residential area has an overall rate of taxation of 11.32%. The actual share of tax paid differs from person to person and is based on aspects such as actual income, marital status, the overall level of deductions and so on. In Lugano, the tax rate is 16.69% for a childless, single person. On average, a married couple on a pension (over 65) pay 15.42%, a married couple with two children 6.42% and a couple without children 9.99%%.
The property market in general
New builds
Lugano has seen the construction of 1,322 new apartments in the past 5 years. The 213 1-bedroom apartments are particularly suitable for singles. The total amount of newly built 2-room apartments is 378. 372 apartments with 3 rooms and 243 4-room apartments were additionally constructed. For people seeking more spacious accommodation, 67 5-room apartments and 49 apartments with a minimum of 6 rooms have been built.
Housing stock
The new construction has contributed to an additional increase in the housing stock, and there are now 41,437 apartments in Lugano. One-room properties comprise a total of 3,783 apartments in the area. Additionally, there are 8,955 apartments with 2 rooms, 12,550 apartments with 3 rooms and 10,177 apartments with 4 rooms. Finally, 3,546 5-room apartments and 2,426 spacious apartments with 6 or more rooms are available on the market.
Unoccupied apartments
The percentage of vacant apartments in Lugano is 2.2%. This means that 2.88% of the 1-room apartments, 2.71% of the apartments with 2 rooms, 2.28% of the apartments with 3 rooms, 1.71% of 4-room apartments and 1.45% of all 5-room apartments are currently empty. The rate of vacancy is 1.66% for apartments with more than 5 rooms and 1.96% for apartments with more than 6 rooms.
Property market (rental only)
Rental properties are available for prices averaging around CHF 1,410 per month. 25% of the rents on offer are lower than or equivalent to a monthly rent of CHF 1,195 (25th percentile). In addition, 75% of all monthly rents are less than or equal to CHF 1,700.
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