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Additional information
Abstract
Sion has grown by 2.71% in the last 3 years and now has 35,650 inhabitants.
Demographic data
The average annual income is CHF 65,140. Of the population, 21.42% have a university degree, 8.17% have completed higher vocational education, 40.87% have an SEK II qualification (school-leaving certificate or apprenticeship) and 29.54% of residents are currently completing compulsory schooling. Consequently, this region has high social standards and an educated population. The unemployment rate currently stands at 1.61%.
Taxes
The area has an overall rate of taxation of 12.65%. The actual percentage of tax paid varies from person to person and is based on aspects including specific income, marital status, the overall level of deductions and the like. Retired, married couples (over 65) pay an average of 17.21% tax in Sion, couples with two children 6.81% and couples with no children 11.62%%. The tax burden for an unmarried person with no children is 19.51%.
Summary of the property market
New buildings
Sion has recorded the construction of 1,280 new apartments over the past 5 years. Of these newly built apartments, 167 are 1-room apartments, which are perfect for people living alone. A total of 361 new 2-room apartments have also been created. 401 new apartments with 3 rooms and 216 apartments with 4 rooms were additionally constructed in the area. Furthermore, the number of large apartments on offer amounts to 101 5-room apartments and 34 apartments with a minimum of 6 rooms.
Housing stock
The new builds have created additional living space in the region. There are a total of 20,348 apartments in Sion. One-room properties account for a total of 1,909 apartments in the area. Additionally, there are 3,401 apartments with 2 rooms, 5,634 apartments with 3 rooms and 6,211 apartments with 4 rooms. There are 2,231 5-room apartments and 962 large apartments with a minimum of 6 rooms.
Empty apartments
In Sion, 0.71% of apartments are vacant. Consequently, 0.93% of the 1-room apartments, 0.71% of apartments with 2 rooms, 0.85% of all 3-room apartments, 0.56% of apartments with 4 rooms and 0.84% of 5-room apartments are empty. The vacancy rate is 0.62% for apartments with more than 5 rooms and 0.11% for apartments with more than 6 rooms.
Housing market (rental only)
The average rent price for rental properties is CHF 1,330 per month. This means that 25% of all rents on the market are lower than or equivalent to a monthly rent of CHF 1,100 (25th percentile). And 75% of monthly rents are less than or equal to CHF 1,570 (75th percentile).
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