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Abstract

The number of residents in Koblenz has decreased by 0.95%, to 1,673, over the past 3 years due to population decline.

Demographics

Average income totals CHF 64,265.

8.21% of residents hold a university degree, 14.67% have completed higher vocational education and 48.86% have an SEK II qualification. Additionally, 28.33% of residents are currently attending school.

This means the region has high social standards and an educated population.

At the time of reporting, 2.45% of the population is unemployed.

Taxes

The total tax rate in the region is 12.36%. The actual percentage of tax individuals pay is based on a number of factors, including current income, marital status and the amount of deductions.

In Koblenz, for instance, a retired couple (over 65) pays an average of 15.44% tax, a couple with two children 8.6% and a couple with no children 11.31%%. The tax percentage for a single person without children is 17.19%.

The overall property market

New buildings

Koblenz has gained 54 new apartments in the last 5 years.

One-room apartments account for 4 of the new builds – perfect for singles.

Alongside the existing apartments, 10 new 2-room apartments have been created.

For families searching for new housing, the 12 apartments and the 10 4-room apartments are particularly attractive.

The number of new apartments amounts to 9 5-room apartments and 9 apartments with a minimum of 6 rooms.

Housing stock

New construction has further expanded the pool of available housing in the area, so that there are now a total of 817 apartments in Koblenz.

In terms of 1-room apartments, a total of 20 properties are available.

The housing stock also comprises 161 apartments with 2 rooms, 290 with 3 rooms and 161 apartments with 4 rooms.

Finally, the supply of 5-room properties includes 161 apartments, and there are also 102 large apartments with a minimum of 6 rooms.

Unoccupied apartments

The rate of vacant apartments in Koblenz is 1.72%.

For example, 1.88% of 3-room apartments,

1.73% of the 4-room apartments

and 1.25% of apartments with 5 rooms are presently empty.

The vacancy rate for apartments with more than 5 rooms is 2.29%; 3.92% of those empty properties are apartments with at least 6 rooms.

Property market (letting only)

Rental properties are offered for prices averaging around CHF 1,375 per month.

In terms of the rents on the market, a quarter of them are equivalent to or cheaper than a monthly rent of CHF 1,111.

And 75% of monthly rents are less than or equal to CHF 1,641 (75th percentile).