Demographic data and tax trends
The population of Genève changed by 2.78% in the past 3 years and came to 209'061 at the end of this period.
The amount of tax levied on the population is contingent on various factors, including the levels of the different types of taxes (federal, cantonal, local and individual) as well as taxation policy and the economic circumstances of the area. The current tax burden on the population is 11.46%. The average tax rates in Genève are as follows: 18.39% for unmarried people with no children, 14.48% for a retired, married couple, 6.45% for couples with 2 children and 10.83% for a couple with no children. In addition, the rate of taxation is 45.49%. Unemployment is at 2.55% and the average annual income of the population is CHF 89'240.
Existing flats
The housing stock in Genève consists of a total of 113'666 flats. These are divided into 27'162 1-room flats, 31'387 2-room flats, 29'700 flats with 3 rooms and 15'632 flats with 4 rooms. Moreover, there are 6119 5-room flats and 3666 flats with 6 or more rooms.
Vacant flats
Genève has a vacant property rate of 0.36%. For example, 0.4% of all flats with 1 room, 0.27% of flats with 2 rooms, 0.25% of existing 3-room flats, 0.42% of the four-room flats and 0.61% of all five-room flats are currently empty. Flats with 6 rooms or more have a vacancy rate of 1.06%. Of these properties, 0.78% are flats with at least five rooms.
New flats
In Genève, 3032 new homes have been constructed during the last five years. This includes 498 flats with precisely 1 room and 752 flats with two rooms. Additionally, 919 flats with 3 rooms and 684 flats with 4 rooms were created. The housing supply also comprises 139 five-room flats and 40 flats with a minimum of 6 rooms.
Letting
Rental properties are available for an average monthly cost of CHF 2400. Approximately a quarter of all rents on offer are less than or equivalent to CHF 1800 per month. 75 per cent of average monthly rental prices are less than CHF 3200 (75th percentile) or equal to exactly this value.