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Abstract

Having decreased by 3.71%, the population in Vico Morcote has fallen to 415 in the past 3 years.

Demographics

The average income is CHF 107,250.

In the region, 34.98% of the population hold a university degree, 7.59% of residents have completed higher vocational education, 38.61% have an SEK II qualification (school-leaving certificate or apprenticeship) and 18.81% are currently enrolled in compulsory education.

1.2% of the population is currently unemployed.

Taxes

The total tax rate in the region is 10.69%. The actual amount of tax individuals pay depends on a number of factors, such as current income, marital status and the total amount of deductions.

In Vico Morcote, the rate of taxation for childless, single individuals is 15.76%. A retired, married couple (over 65) pays an average of 14.58%, a married couple with two children 6.05% and a childless couple 9.42%%.

The overall property market

New buildings

New housing has been built in Vico Morcote over the last 5 years. For example, 13 new apartments have been constructed.

5 of the new apartments are 3-room apartments, and 2 apartments have 4 rooms.

6 further apartments with 6 or more rooms were also created.

Housing stock

The new buildings provide additional living space in the region. There are a total of 490 apartments in Vico Morcote.

One-room properties make up a total of 23 apartments in the area.

Additionally, there are 111 apartments with 2 rooms, 133 apartments with 3 rooms and 114 apartments with 4 rooms.

Overall, there are 48 5-room apartments and 61 large apartments with at least 6 rooms.

Unoccupied apartments

In Vico Morcote, 1.64% of apartments are empty.

Consequently, 8.7% of the 1-room apartments,

0.91% of the 2-room apartments,

1.52% of all 3-room apartments,

0.88% of apartments with 4 rooms

and 2.08% of 5-room apartments are vacant.

The rate of vacancy is 1.85% for apartments with more than 5 rooms and 1.64% for apartments with more than 6 rooms.

Property market (letting only)

The average rent for rental properties is CHF 1,700 per month.

A quarter of rents are cheaper than or equal to a monthly rent of CHF 1,480 (25th percentile).

Finally, 75% of monthly rents are less than CHF 1,720, or are equivalent to this amount.