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Additional information
Abstract
The number of inhabitants in Sierre has risen to 17,295 over the past 3 years. This is an increase of 2.69%.
Population statistics
The average yearly income level is CHF 58,785. A total of 15.03% of the population hold a university degree, 8.39% have completed higher vocational education, 43.19% of the population have an SEK II qualification (school-leaving certificate or apprenticeship) and 33.39% of residents are currently completing compulsory schooling. The region is characterised by high social standards and an educated population. 1.38% of the population is presently unemployed.
Taxes
Overall, the tax rate in the area is 13.2%. The individual percentage of tax actually paid will vary and depends on aspects including current income, marital status, the amount of deductions and the like. In Sierre, the tax burden for childless, single individuals is 20.21%. A retired, married couple (over 65) pays an average of 17.79%, a couple with two children 6.96% and a childless couple 11.99%.
The overall property market
New buildings
Sierre has registered the construction of 572 new apartments in the last 5 years. Of these new builds, a total of 41 apartments have exactly one room to live in. Along with the existing apartments, 160 new 2-room apartments have been constructed. Living space for families has also been built: For example, 224 apartments with 3 rooms and 122 4-room apartments were added to the local housing stock. The pool of available housing was also expanded to include 22 5-room apartments and 3 apartments with at least 6 rooms.
Housing stock
As a result of the construction of new dwellings, the housing stock in Sierre has grown, and there are now a total of 9,667 apartments. There are a total of 721 1-room apartments available in the area. The total number of properties amounts to 1,449 apartments with 2 rooms, 2,760 apartments with 3 rooms and 3,277 apartments with 4 rooms. Finally, the stock of 5-room properties comprises 979 apartments, and there are also 481 large apartments with at least 6 rooms.
Empty apartments
The percentage of vacant apartments in Sierre is 4.62%. This means that 6.51% of the 1-room apartments, 5.7% of all 2-room apartments, 5.36% of the apartments with 3 rooms, 3.86% of the 4-room apartments and 2.6% of the 5-room apartments are currently vacant. Apartments with more than 5 rooms have a vacancy rate of 2.94%; of that number, 3.6% are apartments with more than 6 rooms.
Housing market (letting only)
On average, the rent price for rental properties is CHF 1,280 per month. Consequently, 25% of all rents on the market are cheaper than or equal to a monthly rent of CHF 1,018 (25th percentile). Additionally, 75% of all monthly rents are less than or equivalent to CHF 1,500.
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