Property prices

Property prices in Austria have risen by an average of 39 percent since 2010, according to the ImmoDEX 2016 real estate report.

A new house in Austria (123m2) now costs on average €359,000. Prices for new-build properties have increased the most over the past six years in Styria (where the average cost is now €301,000), Burgenland (€260,000) and in Lower Austria (€338.000).

New homes are most expensive in the capital Vienna, where a 123m2 apartment or house costs around €471,000 - an increase of 22 percent since 2010..................


Monthly rental costs have also risen in the past six years. For a used apartment you can now expect to pay on average €9,80 per square metre (not including operating costs) - an increase of 11 percent since 2010.

Rental prices for new properties have risen steeply, by 21 percent, with average costs now €11,50 per square metre. In Vienna council-owned properties, where rents tend to be cheaper and only rise according to inflation, are in high demand. Wiener Wohnen says it currently has 13,100 people on its waiting list, who have registered their interest in renting a council flat..................................

Source: The Local Austria

New topic