Synopsis

Having changed by 1.89%, the population in Lugano has changed to 63’495 over the last 3 years.

Demographics

Average income totals CHF 89’535. 21.27% of residents are currently completing compulsory education, 41.18% have an SEK II qualification, 8.78% have a higher vocational training qualification and 28.76% of the population have a university degree. The unemployment rate is 1.23%.

Taxes

The residential area has an overall rate of taxation of 10.91%. The actual share of tax paid differs from person to person and is based on aspects such as actual income, marital status, the overall level of deductions and so on. In Lugano, the tax rate is 16.37% for a childless, single person. On average, a married couple on a pension (over 65) pay 15.02%, a married couple with two children 6.01% and a couple without children 9.54%.

New builds

Lugano has seen the construction of 1230 new apartments in the past 5 years. The 161 1-bedroom apartments are particularly suitable for singles. The total amount of newly built 2-room apartments is 434. 338 apartments with 3 rooms and 208 4-room apartments were additionally constructed. For people seeking more spacious accommodation, 54 5-room apartments and 35 apartments with a minimum of 6 rooms have been built.

Housing stock

The new construction has contributed to an additional increase in the housing stock, and there are now 41’885 apartments in Lugano. One-room properties comprise a total of 3868 apartments in the area. Additionally, there are 9077 apartments with 2 rooms, 12’678 apartments with 3 rooms and 10’256 apartments with 4 rooms. Finally, 3572 5-room apartments and 2434 spacious apartments with 6 or more rooms are available on the market.

Unoccupied apartments

The percentage of vacant apartments in Lugano is 2.26%. This means that 2.66% of the 1-room apartments, 2.68% of the apartments with 2 rooms, 2.36% of the apartments with 3 rooms, 1.97% of 4-room apartments and 1.52% of all 5-room apartments are currently empty. The rate of vacancy is 1.63% for apartments with more than 5 rooms and 1.78% for apartments with more than 6 rooms.

Property market (rental only)

Rental properties are available for prices averaging around 1430 CHF per month. 25% of the rents on offer are lower than or equivalent to a monthly rent of 1200 CHF (25th percentile). In addition, 75% of all monthly rents are less than or equal to 1750 CHF.