Demographic data and tax trends
The population of Genève changed by 1.36% in the past 3 years and came to 206’635 at the end of this period.
The amount of tax levied on the population is contingent on various factors, including the levels of the different types of taxes (federal, cantonal, local and individual) as well as taxation policy and the economic circumstances of the area. The current tax burden on the population is 12.7%. The average tax rates in Genève are as follows: 20.14% for unmarried people with no children, 16.02% for a retired, married couple, 7.25% for couples with 2 children and 12.1% for a couple with no children. In addition, the rate of taxation is 45.49%. Unemployment is at 2.3% and the average annual income of the population is CHF 89’010.
Existing flats
The housing stock in Genève consists of a total of 113’081 flats. These are divided into 27’144 1-room flats, 31’165 2-room flats, 29’516 flats with 3 rooms and 15’496 flats with 4 rooms. Moreover, there are 6114 5-room flats and 3646 flats with 6 or more rooms.
Vacant flats
Genève has a vacant property rate of 0.54%. For example, 0.64% of all flats with 1 room, 0.45% of flats with 2 rooms, 0.44% of existing 3-room flats, 0.51% of the four-room flats and 0.74% of all five-room flats are currently empty. Flats with 6 rooms or more have a vacancy rate of 1.18%. Of these properties, 0.9% are flats with at least five rooms.
New flats
In Genève, 3079 new homes have been constructed during the last five years. This includes 472 flats with precisely 1 room and 729 flats with two rooms. Additionally, 959 flats with 3 rooms and 723 flats with 4 rooms were created. The housing supply also comprises 161 five-room flats and 35 flats with a minimum of 6 rooms.
Letting
Rental properties are available for an average monthly cost of CHF 2340. Approximately a quarter of all rents on offer are less than or equivalent to CHF 1748 per month. 75 per cent of average monthly rental prices are less than CHF 3125 (75th percentile) or equal to exactly this value.
