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Summary

The number of residents in Martigny has risen to 20,974 in the last 3 years. This equates to a population increase of 3.78%.

Demographics

The average income here is CHF 62,180. A total of 17.26% of the population have a university degree, 8.59% have completed higher vocational education, 43.7% of the population have an SEK II qualification (school-leaving certificate or apprenticeship) and 30.44% of residents are currently in compulsory schooling. Consequently, the region has high social standards. Approximately 1.56% of the population is currently unemployed.

Taxes

The tax percentage in the area is 12.61%. Income, marital status and deductions are among the aspects that influence the actual tax burden. In Martigny, the rate of taxation for childless, unmarried people is 19.43%. A retired, married couple (over 65) pays an average of 16.99%, a couple with two children 6.59% and a couple without children 11.45%.

Summary of the property market

New buildings

New housing has been created in Martigny over the past 5 years. For example, 1,325 new apartments have been built. Of these newly constructed apartments, 94 are 1-room apartments, which are ideal for people living alone. The number of newly built 2-room apartments totals 491. The 474 3-room apartments and 208 4-room apartments are also of particular interest to families. Investments were also made in more spacious accommodation: 44 5-room apartments were constructed, offering plenty of room for families; 14 apartments with at least 6 rooms were also created.

Housing stock

The new builds provide more living space in the area. There are a total of 11,472 apartments in Martigny. There are a total of 931 1-room apartments available in the region. The housing supply also includes 2,183 apartments with 2 rooms, 3,299 with 3 rooms and 3,478 apartments with 4 rooms. A total of 1,085 5-room apartments and 496 spacious apartments with 6 or more rooms are also available in the area.

Empty apartments

In Martigny, 7.52% of apartments are unoccupied. Consequently, 22.61% of the 1-room apartments, 7.73% of the apartments with 2 rooms, 6.85% of apartments with 3 rooms, 5.38% of apartments with 4 rooms and 3.96% of all 5-room apartments are presently uninhabited. The vacancy rate for apartments with more than 5 rooms is 4.4%; 5.37% of those empty properties are apartments with a minimum of 6 rooms.

Housing market (letting only)

An average of CHF 1,331 is required to rent a property. 25% of the rents on offer are lower than or equal to a monthly rent of CHF 1,140 (25th percentile). The 75th percentile of monthly rents is CHF 1,580.