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Abstract

Altendorf is a very popular place to live. In the last 3 years, the population has risen to 7,215, which corresponds to a population increase of 2.21%.

Demographics

Average income totals CHF 129,625.

21.5% of the population are university graduates, 20.17% have a higher vocational training qualification, 42.88% have an SEK II qualification (school-leaving certificate or apprenticeship) and 15.45% are currently enrolled in compulsory education.

At the time of reporting, 0.46% of the population is unemployed.

Taxes

The tax rate for the area is 6.87%. It varies from person to person and depends on aspects including current income, marital status and the overall level of deductions.

Retired, married couples (over 65) pay an average of 9.08% tax in Altendorf, couples with two children 4.24% and couples with no children 6.22%%. The rate of taxation for an unmarried person without children is 9.57%.

The overall property market

New buildings

Altendorf has seen the construction of 148 new apartments over the past 5 years.

The 3 1-bedroom apartments are particularly suitable for people living alone.

Along with the existing apartments, 19 new 2-room apartments have been constructed.

With 28 new 3-room apartments and 63 4-room apartments, the region is ideal for families.

There are also 27 5-room apartments and 8 apartments with at least 6 rooms available.

Housing stock

The new builds have contributed to a further increase in the housing supply, and there are now 3,375 apartments in Altendorf.

The overall number of 1-room apartments is 83.

In addition, there are 368 apartments with 2 rooms, 684 apartments with 3 rooms and 1,146 apartments with 4 rooms.

There are 697 5-room apartments and 397 large apartments with 6 or more rooms.

Vacant apartments

The rate of apartment vacancies in Altendorf is 1.4%.

Consequently, 1.2% of the 1-room apartments,

0.82% of apartments with 2 rooms,

0.59% of the apartments with 3 rooms,

1.92% of 4-room apartments

and 1.01% of apartments with 5 rooms are presently empty.

Apartments with more than 5 rooms have a vacancy rate of 1.56%; of that figure, 2.53% are apartments with more than 6 rooms.

Property market (rental only)

The average rent for a flat is CHF 2,223.

This means that 25% of all rents on the market are cheaper than or equal to a monthly rent of CHF 1,805 (25th percentile).

And 75% of monthly rents are lower than or equivalent to CHF 2,530 (75th percentile).